Are you a first time home buyer, and you have absolutely no idea where to start? Maybe you’re someone whose rented your whole life, and now you’re ready to settle down and start a family.
Joshua Tree Lending group can be your guide, give us a call at 702 580-5069 to start the process or keep reading to find out more.
Home Loan Programs
There are a number of excellent home loan programs available for you to take advantage of. If you’re a first time home buyer, then an FHA or conventional loan is your ideal fit. If your a veteran, then you should look into a VA insured home loan and see if it’s a good fit for you. If your the person needing a lot of money, then look into a jumbo home loan.
How important are home loans?
Home loans are an integral part of the house buying process. Very rarely do you have the money to purchase a home upfront, and thats where a home loan comes in. Home loans allow you to finance, make payments on, your home so that way you can afford it without having the money up front.
This is a great opportunity for most people that may never have the money to purchase a home outright, because it enables you to make an investment into your future.
How do I know if I qualify?
Depending on things like your credit scores and income level, you may not always be accepted for a home loan. There are a lot of factors that get taken into consideration when you apply for money, and home loans have become extra stringent after the market crash.
Thankfully, however, things are starting to loosen up again. With new developments in the real estate and home loan landscape getting approved is starting to get easier, and with the record lows in interest rates there has never been a better time to buy a house.