This list will give you a general idea of the home loan that might be right for you. Contact our team today to be connected with the right lender for your needs.
Stable payments and rate
For a loan payment that won’t change as the market fluctuates, consider a fixed-rate mortgage. You’ll have the security of knowing what you’ll pay each month for the life of the loan.
If you’re looking for a rate that may be initially lower than a fixed-rate mortgage or don’t plan on living in your home long-term, then an adjustable-rate mortgage might be right for you. A low down payment An FHA home loan with a 3.5% down payment requirement can benefit certain homebuyers. USDA and VA home loans also offer low down payment options for qualifying borrowers.
For a loan payment that won’t change as the market fluctuates, consider a fixed-rate mortgage. You’ll have the security of knowing what you’ll pay each month for the life of the loan..If you see the potential in a home that needs renovations or improvements, an FHA 203(k) loan can combine the mortgage and qualified improvement costs together into one payment.
Some properties require loans that exceed the limit of a conventional home loan. A jumbo mortgage can provide up to $5 million in financing for your home purchase.
With a USDA rural home loan, purchasing a home in a designated rural area can provide the benefits of 100% financing, flexible credit requirements, and the security of a fixed rate.
Insured by the U.S. Department of Veterans Affairs, a VA loan can provide favorable terms for those who’ve served in the Military, including up to 100% financing with no mortgage insurance.
All rights reserved.
© KC Real Estate Group, 2023.
