A few types of loans...
USDA
USDA loans are a true no down-payment option. When eligible you can purchase a home in a rural area with no down-payment required. The Mortgage insurance is exceptionally low and this is often the lowest payment available to buyers with less than 20% down.
FHA
FHA loans allow buyers to purchase a home with as little as 3.5% down. They have flexible guidlines for buyers with Fico scores at 580 and above. These loans often have lower payments then a conventional loan.
Home Ready & Home Possible
Clients who can not or do not want an FHA loan can benefit from a 3% down conventional loan program. Reduced mortgage insurance options are available that can help you save.
Traditional
We have traditional home loans for 10, 15, 20 and 30 year fixed. Our Rates are competitive and for clients with less then 20% down we have options reducing and even eliminating Mortgage Insurance!
3% Down Conventional
Reserved for First Time buyers Clients who can not or do not want an FHA loan can benefit from por favor envíe su foto de su identificación y su tarjeta de residente permanentea 3% down conventional loan program.
5% Down or More
While 620+ fico is fine, Clients with 700+ fico scores may see significant savings in their mortgage insurance even with down payments as low as 5%,
Have 20% or more to put down? No Mortgage Insurance Needed and we may even be able to waive your appraisal !
Have questions about the best loan for you?
This is just a brief breakdown of loan options available to you! There are many loan scenarios and we can discuss the best options for you. Get Started
