Several loan options are available, including Conventional, FHA and VA.
Conventional loans typically fund 80% of the house purchase, with 20% to be paid in cash by the buyer. There are other programs available, including the 80-10-10, which allows the buyer to only pay 10% of the purchase price. That could be reduced even further with gift funds, programs and credit.
FHA and VA loans allow for even lower down-payments. Qualifying for one of these loans depends on a set of criteria. Click on the underlined text or choose one from the drop-down menu above to learn more, and contact us for even more information.
Applying for a loan does not put you under any obligations, and you can do so simply to get more specific information about your possible interest rate and loan amount.
Do you have a loan related question that you would like an answer to with no obligations or commitments? Use the chat feature available on desktop to send a message, or send your questions through our simple contact form.
As a mortgage broker our purpose is to inform potential borrowers of a wide range of options including terms, interest rates and loan amounts. We serve to get our clients the best mortgage possible and save them a lot of time and money, both upfront and in the long run. For us, your mortgage is not a single transaction that comes and goes. It is an important time to research, advise and plan which mortgage works best for you as a part of your long term financial planning.