Many first time homeowners are choosing to consider FHA insured loan programs which can permit an easier time to qualify for a mortgage loan with as little as 3.5% down payment limiting your upfront costs.
Conventional Fixed Rate Mortgage
Conventional fixed rate loans are offered up to a 30 year term and are made available through government sponsored organizations known as Fannie Mae and Freddie Mac. The fixed rate and payments are fixed for the life of the loan dependent upon the term selected.
VA Home Mortgages
VA homes are available to help veterans, active duty military, National Guard, reservists, and surviving spouses to afford the homes they deserve. The Department of the Veterans Affairs determines the eligibility dependent upon the length and type of service by the service member.
Adjustable Rate Mortgage (ARM)
ARM loan are loans based upon market indexes that become adjustable after a fixed rate period between 5, 7 or 10 years. The interest rate could go up or down dependent upon the market factors. Typically starting ARM rates can be lower than traditional fixed rate mortgages.
Golden Empire Mortgage
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What they're saying about GEM...
- A very “smooth” experience. Every question and concern answered within a timely manner and in detail. Very professional and very welcoming staff. Couldn’t ask for a better experience.James S
- Frank is a straight up guy and now is part of the “Family” we consider him a friend. He is polite And handles thing very professionallyMichael C
- Frank, Emilio, Ashlee and the rest of their team were so wonderful throughout our home loan process! My husband and I were first time home buyers and they were very patient and thorough with us, making sure we understood each step of the process. The whole thing was so smooth and easy; we couldn’t have asked for a better experience!Briana S