Whether you’re buying a first home or need a home loan to buy another property while you’re in escrow to sell, the Home Escondido Team has the knowledge and expertise to get you pre-qualified quickly. In this market, pre-qualification for a home loan is a necessary condition for placing an offer to buy, unless you intend to pay cash for your purchase. Most agents representing a seller won’t entertain an offer to buy as “serious” unless a loan pre-qualification is submitted along with a qualified offer.
Getting Pre-Approved
Conventional Home Loans
Most lenders would consider a conventional mortgage as a loan that conforms to the guidelines set forth by Freddie Mac and Fannie Mae, the two government sponsored enterprises (GSEs).
Home Equity Loans
A home equity loan (sometimes abbreviated HELOC) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful for purchases.
FHA Mortgage Loans
FHA Loans are sponsored and backed by the Federal Government. The terms are flexible. Down payment reuirements are minimal and, it’s easy to qualify, even with imperfect credit.
203k Rehab Loans
203k Rehab Loans are designed to help buyers acquire property that needs repairs. Part of the loan goes towards buying the home while another portion goes towards repairs. It’s a win-win./p>
VA Mortgage Loans
If you’re a Veteran, you’ll benefit from some of the most flexible lending terms available on the market. VA loans are wonderful for first time home buyers and move-up buyers too.
Reverse Mortgage Senior Loans
Reverse mortgage loans are designed for seniors and they can be structured in a number of different ways to suit the needs of the home owner. Contact us for more information.
