Financing a Home / Loan Options:

Buying a home is a challenging but rewarding experience! There are so many things to consider when choosing the financing that is right for you. Many Mortgage Broker & Mortgage lender are offering a variety of mortgage options for you such as: 

1. FHA loans: FHA is a government insured loan that requires a very small down payment which can be as low as 3%. The underwriting requirements that the buyer/borrower must meet in regard to income and credit are more flexible than standard conforming programs.
2. VA loans are government guaranteed and require no down payment.
3. Conforming (Fannie Mae/Freddie Mac) mortgage programs require a minimum down payment of 3-5%; loan limits are usually much higher & the up front cost for mortgage insurance is generally less than other government programs.
4. No Income Verification options are great for the sel f employed, however you do not need to be self employed to apply. You have to provide little to no documentation of income.
5. Conventional loans with a minimum of 20% down.