Types of Loans
Below are a few types of loans we think you should know about if you’re thinking of buying a home or investing in real estate.
Though, with John as your Loan Advisor, he will do the thinking for you and find the loan that is best for your personal situation.
FHA
Popular for first-time homebuyers
580+ credit score only requires a 3.5% down payment
500-579 credit score requires 10% down payment
USDA
Low interest
No down payment required
Available to suburban and rural homebuyers living in an area with a population of 35,000 or less
Conventional
Fixed rates
Flexible term length
Requires a minimum of 3% down payment
620+ credit score required
VA
Available to Veterans, Service Members, & select military spouses
No down payment required
VA guarantees a portion of the loan, which provides borrowers more favorable terms
At the end of the day, we believe home buying is made out to be much more daunting and unattainable than it truly is. We want to help others understand their options and find their true home buying potential
John Reyes
Mortgage Advisor NMLS #1759647
Especially in our generation, I hear a lot of people talk about how they could never be able to buy a home like the previous generations. I truly believe that that’s just because of what land lords are drilling into our heads. My goal here is to help you stop paying your land lord’s mortgage and start building your own equity.
I am here to stand by you every step of the way to help you discover your true potential. Whether that is in finding you the best loan, a down payment assistance program, or even helping you find a realtor. While housing isn’t as affordable like it was for the generations before us, getting into property ownership is absolutely attainable.
