There are a number of loan programs that can assist you in buying your first home. Affiliated Mortgage has helped hundreds of customers with home purchases with the following programs:
FHA loan program: It can be quite an affordable option for first-time homebuyers because the qualification requirements are typically not as strict as for other loan programs. The minimum credit score requirement for this loan is 580 or higher with a down payment of approximately 3.5%.
USDA loan program: This is an option for home buyers looking for homes in approved rural locations. USDA loans are great for first-time homebuyers with limited income because they are fully guaranteed by the USDA. A credit score of 640 or higher is required with zero to minimal down payment.
VA loan program: U.S. military members, including veterans, active duty and their family members can avail themselves. VA loans are backed by the department of veteran affairs. Luckily, there is no restriction on credit score and minimum down payment.
Conventional loan program: This is an option for home buyers with a credit score of 620 or higher. Conventional loans tend to be backed by Fannie Mae or Freddie Mac and require a minimum down payment, good credit scores, and a PMI if the down payment is less than 20%.
Do you want to know which program you can qualify for? Click here
via Blogger Read this before buying your first home
We hope you are well. We are excited to share with you that after our partnership with Epoch lending, Affiliated Mortgage has officially entered into the broker world bringing you exciting opportunities to pre-qualify your customers faster and more efficiently than ever before.
No Origination Fee
We would really appreciate it if we can schedule sometime this week or the next week to see if we are a good fit. Let us know which day works best for you.
We would also like to share with you our exclusive preferred partner program, Click here!
via Blogger Let us help you pre-qualify your customers
We need your help reaching out to potential homeowners. Since we had a great experience working together, we would love to help your friends and family as well.
Interest rates are still low. If you know someone planning a home purchase or a home refinance, let us know by filling out the referral form, click here.
via Blogger Help someone find their dream home
Pre-approval is the closest you can get to actually taking out a loan without firm commitments. So, how do you know that you are ready for a pre-approval?
Here are some guidelines for you!
You are financially stable to handle a monthly mortgage payment
With a pre-approval letter, you can easily hunt your dream house having clarity about your price range. The home sellers will also see you as a credible customer who can borrow the necessary money for a home purchase.
Ready to buy a house to call it your home?
Contact us today to get yourself pre-approved for a home purchase today!
The post Here’s how you can get pre-approved for a mortgage appeared first on Affiliated Mortgage.
via Blogger Here’s how you can get pre-approved for a mortgage
We are excited to announce that we have launched our offices in Montana and Arizona. We need your help to succeed in these locations.
You can help us by putting in a good word for us on Google so that we can help out people in Montana and Arizona to find their dream homes.
To give us a review on our Arizona page, Click here.
To give us a review on our Montana page, Click here.
The post We need your help to get started in Arizona and Montana appeared first on Affiliated Mortgage.
via Blogger We need your help to get started in Arizona and Montana
Affiliated Mortgage in Rapid City, SD. As a direct mortgage lender, Affiliated Mortgage, LLC’s trusted reputation is built on our resolve to build relationships of trust, respect, and high accountability.