Our lending team will work with you to qualify for down payment assistance and your primary mortgage, this will determine how much home you can afford, Providing you with pre-approval confirmation.
This confirmation proves to sellers that you are financially qualified to purchase the home, and it can be an influencing factor in negotiations.
When it comes to actually securing financing for your home, your banker can assist you in determining a loan type that best fits your financial situation. A loan type will influence interest rates, payoff rates, the loan period, etc.
CONVENTIONAL LOAN
A mortgage loan program where the interest rate does not change for the life of the loan. Also called Fixed Rate Mortgage.
FHA LOAN
A Federal Housing Administration loan is a type of government-backed mortgage loan that can allow you to buy a home with more flexible financial requirements.
You may qualify for an FHA loan if you have debt or a lower credit score.
VA LOAN
A mortgage loan offered through a U.S. Department of Veterans Affairs program. VA loans are available to active and veteran service personnel and their surviving spouses.
VA loans are backed by the federal government but issued through private lenders.
Contact our team of experts to find out which loan type is best for you when you are purchasing a home in Colorado.
The team at Smart Start Homeowners are experts with first time home buyers. We are with you every step of the way. Find out more now.
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