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Purchase Loan Options

Find the perfect mortgage solution for your home buying journey. We offer a variety of purchase loan options to fit your unique financial situation and goals.

Purchase Loan Types

Conventional Loans

Traditional mortgage loans with competitive rates and flexible terms. Perfect for borrowers with good credit and a down payment of 3-20%.

  • Down payment as low as 3%
  • Competitive interest rates
  • No mortgage insurance with 20% down
  • Flexible loan terms
  • Available for primary, secondary, and investment properties
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FHA Loans

Government-backed loans designed for first-time homebuyers and those with lower credit scores. Features low down payments and flexible credit requirements.

  • Down payment as low as 3.5%
  • Lower credit score requirements
  • Government-backed security
  • Great for first-time buyers
  • Available for primary residences only
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VA Loans

Special loans for veterans, active-duty service members, and eligible spouses. Features no down payment requirement and competitive rates.

  • No down payment required
  • No private mortgage insurance
  • Competitive interest rates
  • Available to veterans and service members
  • Funding fee may apply
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USDA Loans

Rural development loans for eligible properties in designated rural areas. Features no down payment and low interest rates.

  • No down payment required
  • Low interest rates
  • Available in rural areas
  • Income limits apply
  • Primary residences only
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Jumbo Loans

For high-value properties that exceed conventional loan limits. Features competitive rates for luxury home purchases.

  • Higher loan amounts
  • Competitive rates
  • Available for luxury properties
  • Higher credit requirements
  • Larger down payment typically required
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Investment Property Loans

Specialized financing for real estate investors looking to purchase rental properties or investment homes.

  • Higher down payment requirements
  • Higher interest rates
  • Rental income consideration
  • Investment property appraisal
  • Available for experienced investors
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Eligibility Requirements

Credit Score

Minimum credit scores vary by loan type: Conventional (620+), FHA (580+), VA (no minimum), USDA (640+). Higher scores qualify for better rates.

Down Payment

Requirements range from 0% (VA/USDA) to 20% (conventional). Larger down payments can help avoid PMI and secure better rates.

Debt-to-Income Ratio

Most loans require a DTI ratio below 43%. Some programs may allow higher ratios with compensating factors.

Employment History

Typically requires 2 years of stable employment. Self-employed borrowers may need additional documentation.

Property Type

Most loans are for primary residences. Investment properties and second homes have different requirements.

Documentation

Required documents include paystubs, W-2s, tax returns, bank statements, and identification.

Our Purchase Loan Process

1

Pre-Approval

Get pre-approved to understand your buying power and show sellers you're a serious buyer.

2

Find Your Home

Work with a real estate agent to find your perfect home within your budget.

3

Make an Offer

Submit an offer with your pre-approval letter to strengthen your position.

4

Loan Application

Submit your complete loan application with all required documentation.

5

Processing & Underwriting

We'll process your application and work with underwriters to get your loan approved.

6

Closing

Sign your final documents and get the keys to your new home!

Ready to Buy Your Home?

Our experienced team will help you find the perfect purchase loan for your needs and guide you through the entire process.

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