Home Loan Options For Everyone
Here at North Point Home Loans, we recognize that you are different from everyone else, and so are your needs. That’s why we try to accommodate your needs by creating home loan options that best suit you and what you’re looking for.
To make this possible, we help to serve conventional home loans, FHA home loans, USDA home loans, VA Home Loans and Non-QM Home Loans. With our expertise, you can easily sit back while we help you find the loan option that will help you get into a home quicker and save you money.
Clayton did a great job of sorting through loan options to find us the best deal and rates. He also took the time to explain everything in detail so we had a complete understanding of the loan. Thanks for all your hard work!
Home Loan Options To Fit Your Needs
Conventional Home Loans
A conventional loan is a type of mortgage loan that is not funded or backed in any way by any branch of government or government agency. This loan type is most commonly offered by private backers or lenders like banks, and credit unions.
Conventional loans will fall into one of two categories, conforming or non-conforming. Each meet different requirements and offer certain benefits that will help you get into a home without any speed bumps.
Based on your debt-to-income ratio, credit score and the loan size, you could qualify for different sizes of conventional home loans to fund your forever home. The best way to find out what you qualify for is to schedule a private consultation. Reach out today to get started.
FHA Home Loans
An FHA loan is a home loan option insured by the Federal Housing Administration. It’s meant for those who may not qualify for a conventional home loan. As long as you qualify, this options could help you get into a home quicker than you think.
Some of the key benefits you can expect to get out of an FHA home loan are less emphasis on your credit score, smaller down payment requirements and loans insured by the government.
With extra benefits come extra requirements. These requirements aren’t as daunting as you may think though. During our consultation call, we can walk you through the FHA home loan option to see if it would be the best option for you. So whether you are a first time home buyer or looking for an investment option, let’s help you see if an FHA home loan is the right option for you.
USDA Home Loans
A USDA home loan option is a loan offered by the United States Department of Agriculture. This option sets itself apart by being offered to homeowners in rural communities. Before you move ahead with a conventional home loan option, let’s take a look at the home you’re buying and see if you qualify for a USDA home loan.
Not only is this loan option offered by the USDA but is also backed by the US government. As it is backed by the government, you can receive lower interest rates. Not only that, the requirements for a larger down payment is lessened, helping to make homebuying in rural areas more of a realistic option.
Many new home owners don’t realize that they may qualify for this option with their new home. Before you start crunching the numbers, find out more about USDA home loans and see if you qualify.
VA Home Loans
A VA home loan option (Veteran Affairs Loan) is a specific type of mortgage loan meant for those who have served, who are currently serving or the surviving spouse of those who served in the US military. VA loans are provided by private lenders as a kind of thank you to all of our military members and their service.
As a government provided loan type, there are specific benefits to VA loans like lower requirements, smaller down payments and ease of qualification. The best part is, they function in a similar way as a conventional loan.
We know the kind of sacrifice you make when you serve our country, and so we want to give something back as well.
A non-QM home loan, also known as a non-qualified mortgage loan, is a loan option that doesn’t meet certain standards to help everyone qualify for a home loan. There are lot of people looking for a home loan that might not qualify for a conventional home loan option, so they turn to non-qm home loans.
The best part about non-qm home loans is that they offer more flexibility when it comes to qualifying for a home loan. This type of person is someone who has a very specific or unique income stream. They might also be people with unique credit and income histories.
The goal is to get you a home loan so that you can get into a home. If you’ve tried to qualify for other types of home loans with no luck, set up a one-on-one consultation today so that we can come up with a strategy for getting you a loan.
Find Your Home Loan Options Today
Many people think that getting a home loan is difficult and complicated. We are here to tell you that it doesn’t have to be. In fact, getting into a new home that you love can be easy and hassle free. What’s the secret? Working with a mortgage broker who knows what they are doing and knows how to find you the best option available.
Get started today by scheduling a consultation or filling out a loan application.