IMPORTANT NOTICE: My license is being transferred to a new mortgage lending company. During this time, my license is considered INACTIVE and therefore, I am unable to assist you with anything mortgage lending. I expect my license to return to active status on February 24th, at which time, this notice will be removed and the site will be updated according to my new mortgage company's compliance department. Please temporarily ignore EVERYTHING on this website.
Conventional loans can be a great lower cost mortgage option for people who can afford to take advantage of some of its key benefits. If a borrower can put 20% down or get 20% equity in their home over time, no mortgage insurance.
Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit. For FHA loans, a down payment of 3.5 percent is required for maximum financing.
Home loans backed by the Department of Veterans Affairs (VA) provide affordable home financing options for eligible Service Members, Veterans and surviving spouses. VA loans require no down payment if you have full VA entitlement available.
Home loans guaranteed by the USDA provide affordable financing options for properties located in designated small towns, suburbs and exurbs. This program helps eligible low to moderate-income families by offering a no down payment option..
With a fixed-rate loan, borrowers are protected from sudden and potentially significant increases in monthly mortgage payments. A conventional 30-year fixed loan remains one of the most popular mortgages used by borrowers.
An ARM might be the right option for you if you plan on moving within 7 years. These loans feature lower introductory interest rates resulting in lower monthly payments. An ARM adjusts with the market rate after their introductory period.