When it comes to buying a home, we know what you need to know.
If you’re just starting your home search, we recommend checking out our getting started page with step-by-step instructions for navigating the home-buying process.
However, if you’ve done your research and you’re ready to get active, then contact one of our loan officers today. We’re here to help you, no matter where you are on the road to homeownership.
Everyone’s financial situation is very different. While there is no one-size-fits-all equation, we do have a few home loan calculators that can help you estimate your future mortgage amount.
If these estimated numbers start to feel comfortable, talk to a loan officer to figure out exactly how much home you can afford and exactly what your monthly mortgage payments would be.
The interest paid on your mortgage—which is the majority of your payment for the first few years—is tax-deductible. That means more money for your family, more money to take that extra vacation and more money for that romantic evening out.
Buying a home allows you the freedom to customize your home to better fit you and your family. Also, as you upgrade your home, its value will increase and your equity will grow.
Many believe the best way to build wealth is through homeownership. Plus, there’s security in not having to worry about moving every time your lease is up.
An adjustable-rate mortgage is a home loan where the interest rate changes periodically. Visit our adjustable-rate mortgage page to learn all about this particular home loan product.
Specialty loans are creative mortgage solutions for homebuyers who need unique loan programs for their unique situations. Visit our specialty loan page to learn all about the many specialty home loan products available.
Or visit any of these particular pages for more details:
A Federal Housing Association (FHA) Loan is a government-insured loan that helps people buy and refinance real estate. Visit our FHA home loan page to learn all about this particular home loan product.
Jumbo loans are a special financing option for loan amounts exceeding the conventional conforming loan limit. Visit our jumbo loan page to learn all about this particular home loan product.
A USDA loan is a mortgage with up to 100% financing for owner-occupied properties in designated USDA rural areas. Visit our USDA home loan page to learn all about this particular home loan product.
VA home loans are for currently or formerly serving military and require no down payment. Visit our VA home loan page to learn all about this particular home loan product.
A reverse mortgage is a type of home loan for seniors or for people over a certain age that allows you to convert a portion of the equity in your home into cash. Visit our reverse mortgage page to learn all about this particular home loan product.
Loan advances from reverse mortgages are generally not considered taxable income. This means the proceeds you receive from a reverse mortgage are generally tax-free. Please consult a tax professional.
Yes. You would need to make a down payment and apply the proceeds from your reverse mortgage at the time of purchase. The down payment is determined by the home value minus the amount of proceeds received from the reverse mortgage (after subtracting loan costs). You will not need to make monthly reverse mortgage payments while you live in the home or until a maturity event occurs.
Costs include origination and processing fees, third-party closing costs (just like a first mortgage) and FHA mortgage insurance. Most of these costs can be financed into the loan and may vary depending on which product you select. In addition, there may be a counseling fee that will be collected up front or financed within the loan.
Refinancing a mortgage allows homeowners to negotiate a new mortgage agreement, turning the equity in their home into cash. Visit our refinance home loan page to learn all about this particular home loan product.