Financing Options Explained
We offer many financing options, both traditional and alternative. No matter what your need, our fantastic team of lending partners give you more opportunity to qualify.
Fiduciaries who will protect your interest, our team will write and execute contracts that will protect you through the entire process of your transaction.
If you are currently renting and want to own your home, if you have a foreclosure in your past, or if you are looking for a change, this is the perfect time to call us. You may qualify and not know it!
Programs, rates and requirements vary depending on buyer qualifications, property, and lender requirements.
Traditional Financing
The programs we offer require very little to no down payment.
For conventional buyers, we have the following loans for those who qualify:
- Conventional, VA, FHA and USDA
- Down payment assistance
- Financing for self – employed buyers
- ITIN – friendly programs through participating lenders
- And so much more
What To Expect
- Step 1: Talk with a Lender. They will require you to fill out an application and request supporting documents like government-issued ID, pay stubs, tax returns and bank statements.
- Step 2: Your Lender will review and evaluate your purchasing power and also determine down payment requirements, estimated monthly payments, interest rate, and what loan program options are right for you.
- Step 3: You will receive a Prequalification Letter, based on your debt to income ratio. This letter will let you know how much you can spend on your new home.
- Step 4: Shop for your new home.
- Step 5: Submit an offer.
- Step 6: Once under contract, your Lender will process the loan, which may include credit revies, income verification, property appraisal, employment confirmation and review of financial documentation. During this underwriting process, additional information may be requested.
- Step 7: Closing documents are prepared for your signature.
Alternative Financing
The Seller of the home becomes the bank. Instead of applying for a loan from a regular bank, you make monthly payments directly to a third party servicing company.
- Step 1: You and the Seller agree on a price and a down payment.
- Step 2: You sign an agreement (usually a promissory note and deed of trust) that explains the monthly payment, interest rate, and terms (up to 30 years).
- Step 3: You move into your home and start making payments directly to the servicing company.
- Step 4: Once paid off (or refinanced later), the home becomes 100% yours – just like a traditional mortgage.
Important Things To Know
- You get a contract that ensures the home is legally yours, protecting your rights.
- You can refinance with a bank later if you want a lower interest rate.
- You start building equity from day one.
- All terms are negotiable with the Seller.