Home Purchase Loans
Ready to buy a home? Mark helps you pick the right loan.
Who This Fits
Buying a home is a big step. The right loan depends on your credit, your savings, the home, and how long you plan to stay. Mark compares loans from many lenders so you can see your choices side by side.
Your Choices
- Conventional loans: a good fit if you have good credit and steady pay.
- FHA loans: a smaller down payment. Great for many first-time buyers.
- VA loans: special benefits for veterans and active military.
- USDA loans: $0 down in eligible rural and small-town areas.
- Jumbo loans: for higher-priced homes.
Basic Requirements
These are general guidelines. Each lender has its own rules, and programs can change.
- Income: steady income you can show, like pay stubs, W-2s, or tax returns. Self-employed? Other proof may work.
- Credit: each loan type has its own credit rules.
- Down payment: from $0 (VA and USDA, if eligible) to 3% (some conventional) to 3.5% (FHA) or more.
- Closing costs: plan for these too. Sometimes the seller can help pay them.
- The home: an appraisal checks its value.
How It Works
- Talk: Mark learns about your money and your goals.
- Compare: he shows you the loans that fit.
- Pre-approval: you learn your budget.
- House hunt: shop with your pre-approval in hand.
- Apply: Mark helps you get every paper right.
- Close: he works with everyone to make closing smooth.
Questions People Ask
How much house can I afford?
Start with the payment calculator. Then talk to Mark for a real number based on your credit and income.
Which loan has the lowest down payment?
VA and USDA can be $0 down for eligible buyers. Conventional can be 3% for some first-time buyers. FHA is 3.5% with a 580+ score.
How long does it take to close?
It depends on the loan and the home. Mark will give you a timeline when you apply.
Related
Conventional · FHA · VA · USDA · Jumbo · All Calculators · Areas We Serve
All loans depend on credit, income, and property review. Not everyone will qualify. Programs can change. This is general information, not a loan offer. Mark Jost, NMLS #150914. Heathrow Mortgage, Company NMLS #1849599. Equal Housing Opportunity.