Purchase Loans

Valerie Springer

Home Purchase Loans

There are so many types of mortgage loans for home purchases that it can be overwhelming trying to determine the best option for your home purchase. Most purchasers think they want a conventional loan but we often find that they may qualify for an FHA, VA or USDA loan resulting in a more optimal payment or interest rate. The best way to find the best interest rate and mortgage product to purchase a new home is to talk to an experienced mortgage loan specialist. We  will evaluate your goals and your financial situation to determine the best way to meet your needs. 

Conventional Loans

A conventional mortgage loan adheres to Freddie Mac or Fannie Mae guidelines and is not insured by the federal government. If the down payment is less than 20%  Private Mortgage Insurance (PMI) may be required.

Jumbo Loans

Jumbo loans are mortgage loans that are over the conforming loan limit of $484,850 (2019). These loans are also referred to as non-conforming loans.

FHA, VA and USDA Loans

FHA, VA and USDA are all specialized loans designed to meet specific needs. FHA loans

Types of Home Purchase Loans

Conventional Loans

Conventional loans follow guidelines set by Fannie Mac and Freddie Mae, two agencies that help standardize mortgage lending in the U.S.

VA Loans

VA guaranteed loans are made to eligible veterans for the purchase of a home and may not require mortgage insurance or a down payment.

FHA Loans

FHA loans are insured by the Federal Housing Administration (FHA) and require lower minimum down payments and credit scores.

USDA Loans

USDA loans are backed by the U.S. Department of Agriculture and offer 100% financing with reduced mortgage insurance premiums.

Ready to Buy a Home?

We Are Here to Help !

At Benchmark Mortgage you are not just a number. Our company was founded on relationships. Getting a mortgage shouldn’t cause you to worry or make you stress. We want our clients to feel confident and at ease. Your loan is created based on what is communicated with your loan officer to most accurately match you with the perfect loan for you.

Our ambition is to provide you with the best product for your unique situation.
 You can rest assured that you will receive the best mortgage available.

Your Lifetime Lender

We are dedicated to finding the right loan to help our clients best manage their mortgage needs. It is our goal to be your lifetime lender.

Relationships Matter

Our business is built on the relationships we have with our clients and our preferred partners. Meeting your mortgage needs is the #1 priority for our team.

Happiness

We value the time you spend with us and the trust you put in our company to help you meet your goals. A great customer experience equals a happy customer.

Excellent Service

The pursuit of excellent customer service and completely satisfied customers is our goal. We are always working to become better, smarter and more effective for you.