So, you are looking to purchase a new home...

• Do you need to get pre-qualified for a mortgage?
• Do you need to know if you can afford your Dream Home?
• Do you want to buy but you think you can't because you do not have a Down Payment?

Home Purchase Loan Basics

• Purchase with No Down Payment: you can buy a home with no down payment and finance the entire home's value.
• Traditional Purchases with Down Payments: in this situation you have a down payment as low as 5% of the home value.

Types of Home Purchase Loans

• Traditional Fixed Rate Mortgages
• Adjustable Rate Mortgages (ARMs)
• Interest Only Mortgages