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.
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 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