Reaching for the American dream of homeownership is an exciting time. Even if you have little money saved to purchase your first home, you still have options. Selling your current home and buying a new home is a process with a lot of moving parts. Let our expert mortgage advisors assist you to ensure the financing of your new home is a stress free process. Your personal mortgage advisor will guide you through the process of utilizing the equity in your current home as a down payment for your new home.
Benefits of Moving to a New Home
- Upsizing to accommodate a larger family may alleviate turf wars in your home.
- Downsizing to simplify your life or to make retirement more affordable.
- Could be less costly than a major renovation for those added amenities you have always dreamed of having.
- Relocating closer to your employment may save time and money on your commute.
Most Popular Loan Options
- Conventional Loan
As little as 3% down payment with excellent credit. Fixed rate.
- USDA Rural Housing Loan
No money down. The seller, your relatives or your friends may pay your closing costs.
- FHA Loan
Only 3.5% down payment. The seller or your relatives may pay your closing costs. No income thresholds.
- VA Loan
No money down. No monthly mortgage insurance (PMI). Available to eligible Veterans and active military members.
- Adjustable Rate Loan
Lower initial payment is great for home buyers planning on selling and moving after 3 to 7 years.
Contact a Mortgage Advisor online or call us at 717.249.7500