Loans

Wednesday, October 4th, 2017 at 3:22pm

Conventional Loans – Best paired with higher credit and/or higher down payment…providing the best terms for most applicants

FHA Loans – Best paired with lower credit and/or lower down payments…providing superior loan terms in the above instances

Jumbo Loans – For loan amounts over $636,150, jumbo loans require slightly higher down payments

Down Payment Assistance – For loan amounts under $636,150, there are various down payment assistance opportunities

Renovation Loans – To finance both the purchase and renovation of a property

VA Loans – For veterans, allowing a 0% down with the very best loan terms in most situations

USDA Rural Housing Loans – For purchases in rural areas, this 0% down loan program is a better option than FHA

Homestyle Renovation Loans – To finance both the purchase and renovation of a property with conventional financing…best paired with higher credit and/or higher down payments

Investment Property Loans – To purchase a property that you plan to rent

ARMs – Start out with a lower rate that is set for 3, 5, 7, or 10 years and then adjusts annually afterwards.

Bridge Loans – “Bridge” the down payment gap by getting financing on your current home to cover the down payment on your next home purchase

Questions? ajaffe@firsthome.com or 240 479 7658

Ready to pre-qualify?