Preparation is key when purchasing a property. From down payments and mortgage prequalification from Guaranteed Rate Affinity, to understanding the type of home that will meet your needs and satisfy your wants, I can make sure your financial ducks are in a row and your expectations are grounded in reality when preparing to buy.
Selecting your perfect home will require research, expert guidance and knowledge of the local market, and you'll need to consider what it is you're looking for. I can help you find the place that fits your taste, your budget and your lifestyle. I'm a home hunter's best friend.
So, you've found the perfect home that meets all your criteria, from a great location to just the right square footage. My trusted Guaranteed Rate Affinity lender and I will guide you through the logistical — and emotional — challenges of the purchase process, to ensure you are in a solid position before you sign on the dotted line.
Financing Your Real Estate Purchase
Conventional Loan
A conventional loan is a type of mortgage loan that is not backed or insured by a government agency such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). Instead, conventional loans are issued and funded by private lenders, such as banks, credit unions, and mortgage companies.
Here are some key features of conventional loans:
Conventional loans are widely used for home purchases and refinancing. They offer flexibility and a wide range of options to borrowers, but it's essential to compare loan offers from multiple lenders to secure the most favorable terms based on individual circumstances.
It's important to note that the information provided here is a general overview, and specific terms and requirements for conventional loans may vary depending on the lender and the borrower's financial situation. Consulting with a mortgage professional or lender can provide more detailed and personalized information regarding conventional loan options.
FHA Loan
A conventional loan is a type of mortgage loan that is not backed or insured by a government agency such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). Instead, conventional loans are issued and funded by private lenders, such as banks, credit unions, and mortgage companies.
Here are some key features of conventional loans:
Conventional loans are widely used for home purchases and refinancing. They offer flexibility and a wide range of options to borrowers, but it's essential to compare loan offers from multiple lenders to secure the most favorable terms based on individual circumstances.
It's important to note that the information provided here is a general overview, and specific terms and requirements for conventional loans may vary depending on the lender and the borrower's financial situation. Consulting with a mortgage professional or lender can provide more detailed and personalized information regarding conventional loan options.
VA Loan
A VA loan is a type of mortgage loan program offered by the United States Department of Veterans Affairs (VA) to assist eligible veterans, active-duty service members, and surviving spouses in obtaining home financing. VA loans are designed to provide favorable terms and benefits to those who have served in the military.
Here are some key features of VA loans:
It's worth noting that while the VA guarantees a portion of the loan, it does not directly provide the funds. VA loans are issued by private lenders, such as banks and mortgage companies, with the VA offering a guarantee to the lender against any potential loss.
To determine eligibility for a VA loan and obtain more detailed information, it is recommended to contact the Department of Veterans Affairs or consult with a qualified mortgage lender specializing in VA loans. They can guide you through the VA loan process, explain the specific benefits and requirements, and assist you in obtaining a VA loan.
Guaranteed Rate Affinity is our preferred mortgage lender because they provide the best mortgage experience possible, featuring incredibly low rates, fantastic customer service and a fast, simple process. Connect with my preferred mortgage lender below to experience the Guaranteed Rate Affinity difference for yourself.
Coldwell Banker and Guaranteed Rate Affinity, LLC share common ownership and because of this relationship the brokerage may receive a financial or other benefit. You are not required to use Guaranteed Rate Affinity, LLC as a condition of purchase or sale of any real estate.
Equal Housing Lender | © Guaranteed Rate Affinity 2022 | NMLS ID 1598647 | NMLS Consumer Access | Licensing Information