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Buying a new Home:
Purchasing a new home is very exciting and worth all the effort to get you there. Whether you are purchasing a new home, or looking for a new style of home there are so many options out there for you to choose from. We are here to help you decide with your budget the best housing option for you. Click on the link to fill out a few questions to help us offer you competitive rates on home loans. So we encourage you to fill out a few questions so we can connect you with the best lender for you to get you moving into your new home!
Choosing the Right Property for You
Choices choices, too many choices! It can sometimes feel overwhelming trying to find the right property for you but we are here to help you narrow down our options. Many factors come into play when picking your new home. You need to look at your budget to determine how much you can realistically afford, where you would like to live location wise, and the style of home you are drawn to, and how much space in your home that you are wanting. There are several property types that may be available for you depending on your location.
Condos- Condos are usually more affordable, have reduced maintenance, and is good for homeowners who are looking for less space.
Mobile Homes- These are great options that are affordable and great for someone looking for a smaller home. They tend to be more environmentally friendly as well which is an added perk.
Multi-Family Homes- These are home with two to four different units which is good for large families that need extra space or for homeowners that want to rent out the extra space and generate an income from their home.
Single Family Homes- This is a standard when homeowners typically think of a home. They stand alone usually with a yard. Single family homes are great for privacy and giving the homeowner a homey space.
Since you are about to buy a home, you might be looking into all the loans that you need to get to get your home. Here is a list of some standard home loan options.
FHA Loans- These loans offer low down payments and lenient credit requirements.
VA Mortgages- These loans are for veterans or spouses of a veteran, and active duty service members. This loan option is great because it offers no money down financing.
Conventional Fixed Rate Mortgages- This option allows you payments to remain the same for the life of the loan.
Adjustable Rate Loans- This loan offers introductory rates with opportunities for short term savings.
USDA Rural Housing Loans- These loans are designed for people purchasing a home in specified rural areas. This is a good choice for those areas because it offers a zero money down option for first time home buyers.
Are You Buying A Home That Needs To Be Rehabilitated?
There are a few loan options that can help you both purchase and renovate your new home.