- +1 (847) 508-4545
- Michaelk.loans@gmail.com
- NMLS ID - 1976621
- +1 (847) 508-4545
- Michaelk.loans@gmail.com
- NMLS ID - 1976621
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Discover personalized mortgage solutions designed to fit your unique financial goals and homeownership dreams. Whether you’re a first-time buyer or looking to refinance, I’m here to guide you every step of the way.
Conventional Loans are mortgage loans not backed by the government, offered by private lenders. They typically require a higher credit score and down payment compared to government-backed loans like VA or FHA loans.
These loans offer flexibility and can be used for primary, second, or investment homes. They’re ideal for borrowers with strong credit and financial stability, often offering lower interest rates and fewer restrictions.
FHA Loans are mortgage loans insured by the Federal Housing Administration, designed to help lower-income and first-time homebuyers qualify for a home loan. They offer lower down payment requirements, typically as low as 3.5%, and more flexible credit score requirements.
FHA loans are a great option for borrowers with less-than-perfect credit or limited savings, making homeownership more accessible. While they require mortgage insurance, they often come with lower interest rates and can be used for various types of properties.
VA Loans are mortgage loans backed by the U.S. Department of Veterans Affairs, designed to help veterans, active-duty service members, and eligible surviving spouses buy a home. These loans offer significant benefits, including no down payment, competitive interest rates, and no private mortgage insurance (PMI).
VA loans also feature more flexible qualification requirements and capped closing costs, making them an affordable and accessible option for those who have served in the military.
HELOC Loans (Home Equity Line of Credit) allow homeowners to borrow against their home’s equity, offering a revolving line of credit. They provide flexibility for expenses like home improvements or debt consolidation, with lower interest rates than many other loans.
Borrowers only pay interest on the amount used, and the loan is secured by the home, meaning failure to repay could lead to foreclosure.
New Construction Loans are short-term loans used to finance the building of a new home or property. These loans cover the cost of land, materials, and labor during construction, with the option to convert to a permanent mortgage once the property is completed.
Typically, new construction loans have higher interest rates and require a detailed project plan. They offer flexibility for homebuilders, but once the construction is finished, the loan is usually paid off through a traditional mortgage or refinancing.
