Home Sweet Home Loan Options
Which home loan is right for you?
As a mortgage broker I understand the significance of finding the perfect home loan to suit your needs. There are a diverse range of home loan programs that offer flexibility and affordability to cater to a variety of future homeowners. Whether you are a first-time buyer, looking to refinance, or seeking a non traditional loan, such as DSCR rental and bank statement loan, these programs are designed to accommodate your unique requirements. I offer competitive interest rates and am committed to helping you find the ideal home loan solution.
Conventional Loans
A Conventional loan is a type of loan that offers more flexibility and fewer restrictions. It often requires a higher credit score and a down payment of at least 3% to 20% of the home's purchase price. These loans typically have fixed or adjustable interest rates and are often suitable for first-time homebuyers who have good credit and sufficient funds for a down payment.
VA Home Loans
A VA home loan is a mortgage option available to veterans, active duty service members, and eligible surviving spouses. It's provided by mortgage lenders, but backed by the Department of Veteran Affairs, which means that the VA guarantees a portion of the loan, enabling the lender to offer more favorable terms. VA loans often have competitive interest rates, no minimum requirement for down payment and you don't pay any mortgage insurance.
FHA Home Loans
An FHA loan is a mortgage insured by the Federal Housing Administration, designed to help buyers with lower credit scores or limited down payment funds to purchase a home. An FHA loan typically requires a down payment as low as 3.5% of the home's purchase price, making it more affordable for buyers.
Hard Money Financing
Hard money financing is a type of short-term loan that iS commonly used in real estate transaction. It is funded by private individuals or organizations rather than traditional banks. For a home buyer, hard money financing can be an option when traditional financing is not available due to credit issues or the need for a quick close on a property. ITIN buyer, Investors, self-employed buyers and real estate flippers are just a few who utilize hard money financing.
Ready to get Pre-Approved?
In order to assist you, your lender will need to reference some important documents. Listed below are some documents that may be required during the mortgage application process.
If you currently own Real Estate
Application
Driver License
30 days most recent paystubs
Previous year W2
Current bank statement - nothing blacked out and all pages
Copy of current mortgage statement
Copy of homeowners insurance for the properties you currently own
Copy of property tax bill
if you own rental property current federal tax returns / lease agreements
