ARE YOU BUYING A HOME?

We specialize in Conventional Mortgage & Jumbo Loans. Let us get you preapproved before you buy so that you know how much home you can qualify for.:

• Fannie Mae
• Freddie Mac
• Jumbo
• HomePath & Home Possible

Conventional mortgages are what most people think about when they hear the term mortgage. Conventional loans are not insured or guaranteed by the government. These loans are available to anyone who meets the lender's requirements. They can be used to purchase a primary residence as well as a second home. These loans typically have stricter underwriting requirements as compared to VA and FHA loans because they are given by lenders without any backing from the government.

Conventional mortgages conform to the guidelines Fannie Mae and Freddie Mac set to buy mortgages from lenders. Due to loan limits set by Fannie Mae & Freddie Mac they are referred to as  "conforming loans".  The 2019 conforming loan limit is $484,350 for most communities.  

• FHA Mortgages

FHA loans are designed to help people with moderate incomes buy homes. They are often popular choices for first time homebuyers because FHA loans give people the ability to buy a home with a smaller down payment (3%) and a less than perfect credit score. These loans feature competitive mortgage rates and are backed by the government.

You can only buy a primary residence with an FHA loan. There are limits on the size of the loan you can get. Borrowers will need to pay a monthly mortgage insurance premium with an FHA loan.

•   VA Loans

Veteran’s use your military benefits to purchase your new hme.

Veterans, active duty military personnel, and surviving spouses who qualify can buy a house with a VA loan. These loans have No down payment or minimum credit score requirement.VA loans do not require monthly mortgage insurance and often have more competitive interest rates as compared to Conventional loans. VA loans are backed by the government.

•   USDA

USDA loans help low-to-moderate income people purchase or refinance a home in suburban and rural communities. These loans are guaranteed by the U.S. Department of Agriculture and have similar benefits to FHA loans including competitive mortgage rates, lower down payments, and flexible credit score requirements.

If you are trying to decide on whether it’s best to buy or rent a home, we can help you make an informed decision.

We will get you prequalified,  just contact us at 954-967-0584.