Many first time homeowners are choosing to consider FHA insured loan programs which can permit an easier time to qualify for a mortgage loan with as little as 3.5% down payment limiting your upfront costs.
Conventional Fixed Rate Mortgage
Conventional fixed rate loans are offered up to a 30 year term and are made available through government sponsored organizations known as Fannie Mae and Freddie Mac. The fixed rate and payments are fixed for the life of the loan dependent upon the term selected.
VA Home Mortgages
VA homes are available to help veterans, active duty military, National Guard, reservists, and surviving spouses to afford the homes they deserve. The Department of the Veterans Affairs determines the eligibility dependent upon the length and type of service by the service member.
Adjustable Rate Mortgage (ARM)
ARM loan are loans based upon market indexes that become adjustable after a fixed rate period between 5, 7 or 10 years. The interest rate could go up or down dependent upon the market factors. Typically starting ARM rates can be lower than traditional fixed rate mortgages.
Golden Empire Mortgage
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What they're saying about GEM...
- Mark was always available to answer all of our questions. He always maintained contact with us and informed us of what was going on. He made the process of buying a a home very pleasant.Jacqueline R
- Rosie took the time to explain and go over with us every detail, she made us feel welcomed and not rushed anythingLeonardo M
- Rosie is very kind, knowledgeable, and perfessional. She is always in contact with you throughout the whole process. She is very fast and tries to get you the best interest rate. I will recommend her anytime. Thank you Rosie you are the best.Carolina N