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...
- Rosie is excellent ! Her communication was extremely great . She went above and beyond to work on our process . Very professional . Extremely polite , & punctual with every document . My wife and I are very happy with Rosies work & highly recommend her .Crisanto C
- You were very self explanatory, always available when we needed you and patient with us being first time buyers.Karina C
- Mark sat down with us and took his time to explain the loan process. He was very helpful and thorough about our loan. Our loan went very smooth. We are beyond pleased with his service.Yeimy S