What are my options when it comes to purchasing a mortgage?

When considering a new mortgage, there are several different options available. Depending on your current situation there may be better home loan options for you and your family. Take a look through some of the different mortgage purchase options below to see if any fit your unique situation.

Conventional Mortgage

Numbers don’t lie. If you’re looking shopping around for a mortgage, keep in mind that over 60% of US homebuyers opt for conventional loans to purchase their homes. Making these, by far, the most popular mortgage option for first time home buyers to previous home owners.

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FHA Mortgage

Are you planning on purchasing a home soon? You may qualify for a number of different loans. Before attempting to get a regular mortgage, you might be better off applying for FHA home loans.

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VA Mortgage

The federal government created this military mortgage guaranty program with the aim of helping service members acquire homes more easily. It is managed by the Veterans Affairs

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USDA Mortgage

Known as the USDA Rural Development Guaranteed Housing Loan Program, this home loan is designed for rural property owners.

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