Purchasing your home!

When buying a home, everybody’s situation is unique. Whether you’re a long-established employee or self-employed, most interested in a 15 year loan or needing to minimize your down payment, every situation should be tailored to your needs. We will craft a plan driven by your goals that you can feel confident in, and in some cases, even lower your monthly debt!

There are several types of mortgages that are available to homebuyers. Some of the most common types include:

  • Fixed-rate mortgage: This is the most common type of mortgage, where the interest rate stays the same for the entire term of the loan. The term is usually 15 or 30 years.

  • Adjustable-rate mortgage (ARM): With an ARM, the interest rate can change over time based on market conditions. The rate is typically fixed for an initial period of time, and then it adjusts periodically based on an index.

  • FHA loan: This type of mortgage is insured by the Federal Housing Administration (FHA) and is designed for first-time homebuyers or those with low to moderate incomes.

  • VA loan: This type of mortgage is available to active-duty military personnel and veterans, and it is backed by the Department of Veterans Affairs (VA).

  • Jumbo loan: This is a mortgage that exceeds the conforming loan limit, which is set by government-sponsored enterprises like Fannie Mae and Freddie Mac. Jumbo loans often have higher interest rates than other types of mortgages.

  • Reverse mortgage: This is a mortgage available to homeowners who are 62 years or older and have a lot of equity in their home. It allows them to borrow against their equity and receive monthly payments or a lump sum, rather than making monthly payments to a lender.

  • 3-2-1 buydown mortgage: This is a type of mortgage in which the borrower pays a fee at the closing of the loan in exchange for a lower interest rate for a specified period of time. The name “3-2-1 buydown” refers to the fact that the interest rate is reduced by a certain percentage point for the first three years, then by a smaller percentage point for the next two years, and then by an even smaller percentage point for the final year.

It’s important to explore different mortgage options to find the one that works best for your financial situation.

Some of the mortgage types we offer

  • Conventional
  • FHA
  • USDA
  • Jumbo
  • Manufactured Homes in Parks
  • Fixed
  • Adjustable
  • Buy downs