PURCHASING

A HOME IS ONE OF THE LARGEST INVESTMENTS YOU WILL MAKE... LET US HELP GUIDE YOU TO INVESTING IN YOUR FUTURE

UNDERSTANDING YOUR OPTIONS ... Knowledge is Power

We want to help you make the most informed decision possible when you are choosing your home financing. When choosing your loan there are a few factors to consider...

LOAN TYPES

FHA Loan

FHA loans offer a low down payment option, and have  reasonably forgiving credit requirements. But they do include Mortgage Insurance for the life of the loan, is FHA right for you?

Conventional Loan

Conventional loans have slightly more strict credit requirements but can potentially come without Mortgage Insurance. Down payment is still manageable and flexible, depending on your goals. You can use this for a wider variety of property types as well.

VA or Veteran's Loan

If you or your spouse is a retired or active duty veteran, we have VA loans that might be the best option for you! VA loans require no down payment which is a huge help when it comes to bringing funds to the closing table!

Self- Employed

Self Employed people often write off any expense they can for business purposes, which is ideal... until you need to show your tax returns for a loan, then it can lead to a hard road proving your income. So we have a loan program that uses your Business Bank Statements to help us calculate your income, which often allows us to use your cashflow to qualify you for a larger loan than your tax returns would!

USDA

USDA Loans are area specific, and designed to be affordable with little to no down payment if you purchase within a specifically designated USDA approved area. Talk to your lender for details on available USDA homes near you!

PROPERTY TYPES

Single Family

Single Family Homes, are your standard family homes. These houses are single, and detached from any other home, and are eligible with most loan types!

Duplex- Multi Family

A Duplex or  Multi Family home, are attached residence for more than one family such as a duplex, triplex, or quad plex. These need to be purchased with specific loan types so be sure to talk to your lender!

Condos

Condos are often lumped in with town homes.. but they are separate entities. Condos have some specific requirements so be sure to talk to your lender about which loan type your condo will qualify for!

Manufactured

We get asked all the time, can you lend on a Manufactured home? The answer is YES! But id does have to meet some specific requirements, so before you sign a deal on your perfect manufactured home be sure to talk it over with your lender to make sure you wont hit any roadblocks that could potentially hurt your loan!

 

OCCUPANCY TYPES

Primary Residence

If you plan to occupy the home and live there the majority of the time this is likley going to be your primary residence. Some loan types will only work if you plan to use the house as your primary residence.

Investment Property

If you plan to use the property to generate income, whether its a home you plan on using as a Air B&B when you aren't there, or a full time rental, talk to your lender because it is likely an investment property.

Vacation Home

If you plan to live somewhere else for the majority of the year and vacation in this home, we will likely call it a Vacation, or a Second Home.

First Time Buying a Home?

No worries, we are here to help...

One of the most common situations we see with our clients is them wanting to find out as much as they can about buying their first home... check out this video with our tips for getting started as a first time buyer!

MORTGAGE CALCULATOR

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CALCULATE YOUR PAYMENT

Use this Mortgage Calculator to find out how much home you can afford, and what goes into your monthly payment. Remember, call us anytime you have questions!

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loan survuval kit

NAVIGATING THE HOME BUYING PROCESS

We want to be your guide

If you are looking for a go to guide for understanding the mortgage process take a look at this free downloadable PDF. It goes over everything you need to know to survive the process! 

DOWNLOAD YOUR LOAN SURVIVAL KIT NOW!

LET'S TAKE THE FIRST STEP

If you think you may want to purchase a home now or in the future, we are here to help. The first step is an application, so we can develop a customized plan for your home buying journey. We are here to take you step by step so lets get started!