Mortgage & Financing Information
Understanding your financing options is an important part of the home buying process. While real estate brokers do not provide mortgage services, having the right lender on your team can make a big difference.
Over the years, we’ve built relationships with several trusted mortgage professionals who have helped many of our clients successfully finance their homes. Some of these lenders we have worked with for more than 15 years and feel confident recommending to our buyers.
If you don’t already have a lender, we’re happy to connect you with experienced professionals who can help you explore loan options, get pre-approved, and determine what financing works best for your situation.
Why Financing Matters
Getting your finances in order early helps you:
- Know exactly what you can afford
- Make stronger, more competitive offers
- Avoid delays once you’ve found the right home
- Stay within your budget and plan for long-term success
Getting Pre-Approved
Before you begin house hunting, we highly recommend getting pre-approved by a trusted lender. This process reviews your income, credit score, and financial history to determine how much a bank or lender is willing to lend you.
Benefits of Pre-Approval:
- Shows sellers you’re a serious buyer
- Helps narrow your home search to what fits your budget
- Speeds up the closing process
Need a recommendation? We partner with experienced, reliable lenders who are happy to walk you through your options.
Common Loan Types
There’s no one-size-fits-all mortgage—here’s a quick overview of some popular options:
- Conventional Loans - Great for buyers with strong credit and stable income. These loans typically require a 5–20% down payment and offer flexible term lengths.
- FHA Loans - Ideal for first-time buyers, FHA loans offer lower down payments (as low as 3.5%) and more lenient credit requirements.
- VA Loans - Available to eligible veterans, active-duty service members, and some military spouses. VA loans offer zero down payment and favorable terms with no private mortgage insurance (PMI).
- Jumbo Loans - Designed for high-value homes that exceed conforming loan limits. Perfect for luxury buyers or those purchasing in competitive markets.
- Adjustable-Rate Mortgages (ARMs) - ARMs offer lower initial interest rates that adjust after a set period. Best for buyers who don’t plan to stay in the same home long-term.
Down Payment & Closing Costs
Depending on your loan type and financial situation, your down payment could range from 0% to 20% or more. In addition, you'll want to budget for:
- Closing costs (typically 2–5% of the purchase price)
- Home inspections and appraisals
- Escrow and title fees
- Prepaid taxes and insurance
