There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we're here to help you choose the best type of home loan for your needs.
Get StartedConventional home loans are popular mortgage options that are not insured or guaranteed by the federal government. They are ideal for borrowers with good credit scores and stable financial histories. Here’s a brief overview of conventional loans with varying down payment options:
Each down payment option offers different benefits, depending on the borrower's financial situation and long-term homeownership goals. Choosing the right down payment amount can affect the loan's interest rate, PMI requirement, and overall loan cost.
An FHA home loan is a mortgage insured by the Federal Housing Administration, designed to help lower-income and first-time homebuyers secure financing. Here are the key features:
FHA loans are popular among first-time buyers due to their lower barriers to entry compared to conventional mortgages. For more details on the program, eligibility, and application process, contact me today!!
A Perfect Solution for Self-Employed Borrowers!
One-Time Close construction loans are the perfect solution for financing your dream home. These loans combine the construction, lot purchase, and permanent mortgage into a single closing, eliminating the need for multiple loans and saving you time and money.
We offer several options to suit your needs, including 0% down payment VA, 0% down payment USDA, 3.5% down payment FHA, and 3%, 5%, 10%, and 20% down payment Conventional One-Time Close loans:
If you already own land, you can use the equity as a down payment or to cover closing costs. Additionally, the equity can be applied to buy down your interest rate, making your loan more affordable.
With One-Time Close construction loans, you can build a manufactured home, modular home, or barndominium.
Let us help you make your dream home a reality!
The FHA 203(k) loan is designed for homeowners and buyers who want to finance the cost of home improvements and repairs along with their mortgage. This loan combines your home purchase and renovation costs into one convenient loan, making it an excellent choice for homes that need a little (or a lot) of TLC.
The USDA Home Renovation loan helps eligible rural homebuyers purchase a home and finance necessary repairs or upgrades all in one loan. This program is ideal for revitalizing homes in rural communities while keeping costs manageable.
The VA Home Renovation loan combines the benefits of a VA loan with the ability to finance home improvements. Exclusively available to eligible veterans, active-duty service members, and their families, this loan allows you to create a home that fits your needs.
The HomeSmart Renovation loan is a budget-friendly option for buyers looking to purchase a home and finance smaller-scale renovations with a low down payment. Perfect for first-time buyers, this program offers flexibility and affordability.
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* Results are hypothetical and may not be accurate. This is not a commitment to lend nor a preapproval. Consult a financial professional for full details.
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Severance, CO 80550
Phone: (970) 829-2437