A home purchase is one of the biggest financial decisions in your life and there are many options to consider. Whether you are a first time buyer or experienced investor we are here to make the process as smooth as possible.

Types of Mortgages

Conventional Loan Down payments as low as 3%. These loans have fewer restrictions than government-guaranteed loans. Conventional loans offer more flexible terms and program benefits.

VA Loan – Offers long-term financing to eligible veterans, and is guaranteed by the U.S. Department of Veterans Affairs (VA). It can be obtained without a down payment and doesn’t require private mortgage insurance (but does require payment of a guarantee fee).

FHA Loan – Insured by the Federal Housing Administration (FHA), this loan gives the flexibility of buying a home with a lower down payment and credit score.

Adjustable Rate Mortgage – A loan with an interest rate that changes. There is an initial period where the rate is fixed, after which, the interest rate adjusts according to the market and loan terms.

Jumbo Loan – Exceeds the loan limit set by Freddie Mac and Fannie Mae. Typically, in most counties the Jumbo Loan limit is $453,100 but in some areas due to higher home prices, that limit is $679,650.

USDA Loan – No down payments required and credit qualification is more flexible than other loan types

Home Improvement – A loan that’s used for home renovation or to buy a fixer-upper.

Reverse Mortgage – A loan for homeowners who are 62 years or older, enabling them to convert a portion of their home’s equity into cash. This loan can also be used to purchase a home.

Interest-Only Loan A borrower makes monthly interest only payments due on a mortgage for a preset term, which is usually between 5 to 10 years.

Non-QM Loan - Obtain a loan using alternative methods of income verification.

The first step in a home purchase is getting pre-approved.

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