If you have been told about an option out there, we probably offer it. If you have not been able to get approved somewhere else, then you have come to the right place. Below are the basic financing choices lenders have, but each loan is like a fingerprint. All banks look at 3 main things when figuring out an approval – Budget, Down Payment, & Credit. Within those 3, there are many other things they look at to help get you a pre-approval. Below are some examples that help get you – a better home loan approval, rate, term, & payment. We look at all things to help paint the best picture for the Lenders.
The most common used option. Standard 30 year & fixed interest rate, but has other options if desired. There are many positives to this loan, but there may be better options based on your personal situation. Most places only offer an automated approval on this one, but we have some lenders that do a manual underwrite and can give us more leniancy. General is 3.5% down plus.
For those people that want quick or do not want to tie up the land this is the best option. This is not available to onsite builders. This option has the biggest variation in rates, terms, and down payment based on a few things. Virtually no closing costs. Great for people wanting to put a 2nd home on land as a guest house, or others needing to move back home and not tie in land.
Have you been wanting to get a 2nd home in another area, or an investment property, but got turned down, or they wanted too much down? Then this option may be great for you. It does require a larger amount down than your primary residence, but it beats paying cash for the 2nd home, guest house, lake house, or rental property you wanted.
If your credit scores are too low to get an approval, but you have someone that will co-sign for you. If you are wanting to buy a home for a family member or friend, but other banks will not finance unless you live in the home. Do you have someone that is just starting off and has no credit. Then this is a great option for you. (Note – We are not the home mortgage lender ourself. We only assist you in getting the lender answers.)
How Much House Can I Afford?