FHA
A different insured path may be worth comparing.
Explore fha →CONVENTIONAL LOANS
A flexible place to start.
Conventional financing may fit a primary residence, eligible second home or investment property. John can compare available terms with other loan types.
When this may be worth exploring.
A useful first step is matching the program to your goals and the property.
- You have documented income and assets and want to compare lender options.
- You are buying or refinancing an eligible property.
- You want to examine mortgage insurance, cash to close and long-term costs.
What to compare.
A lower upfront cost does not necessarily mean a lower long-term cost. Compare the whole transaction.
- Monthly payment, closing costs, rate and any mortgage insurance.
- Down payment and reserve needs for your occupancy and property.
- Whether the appraisal and property type fit the program.
Details that help John review your scenario.
You can call without having everything ready. These details make the conversation more useful.
- Estimated purchase price or current value and mortgage balance.
- Income type, available funds and existing debts.
- Whether this will be a primary home, second home or rental.
A few questions borrowers ask.
Requirements can vary by loan program and lender.
Do I need a large down payment?
Some conventional options allow a lower down payment, but the amount and terms depend on the complete application and property.
Can I use gift funds?
Some transactions permit eligible gift funds. Relationship, occupancy, documentation and program rules matter.
Related financing paths.
There may be more than one way to approach the same goal.
Manufactured home
Property eligibility deserves an early review.
Explore manufactured home →TALK THROUGH YOUR SCENARIO
Start with a conversation.
Tell John what you want to accomplish. He’ll help you sort through the options and next steps.