Conforming Loans

There is a good chance that you’ll come across the term “conforming loans” when you decide to purchase a house. This type of loan is one that “conforms” to the limitations set by the FHFA or Federal Housing Finance Agency. The limits are placed based on annual surveys that consider the decrease or increase in average housing prices. As with any financial decision, there will be advantages and disadvantages of a conforming loan. With Point Mortgage, we will guide you and help you make the best choice. Get in touch with us today to find out more!

Conventional Loans

Conventional loans are mortgage loans that are not guaranteed or insured by the government. Private lenders back this loan, and the borrowers usually pay the insurance. It is a more common type of loan, where the risk falls on the lender if the borrower defaults. This type of mortgage loan can have its pitfalls or may not be suitable for you, so the help of an expert mortgage broker will be an advantage. Make an appointment today to know more about the right mortgage for you.

VA Loans

If you’re a veteran or an active military, a VA loan is your top option to being a homeowner. This loan type has continually grown because of its many benefits for qualified people, including no downpayment, no mortgage insurance, competitive interest rates, and more. Get in touch with Point Mortgage today to know more about this type of loan.

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Jumbo Loans

Purchasing a home in a more expensive neighborhood can pose mortgage loan problems. If you require a larger loan or don’t have the cash for a larger downpayment, jumbo loans might be the solution. You’ll need the full information on what you’re committing to, and Point Mortgage can provide you with the details and knowledge to make an informed decision. Arrange an appointment with us today!

FHA Loans

Federal Housing Administration loan is a loan system that offers two main benefits ― more flexible rules and comparatively lesser down payment. However, like any loan, there are benefits and drawbacks. Get in touch with us today to determine if this type of loan is perfect for your needs.

Alternative DOC Loans

This type of loan is not your traditional mortgage, but it can be ideal for the right candidate. This type of loan comes in various sizes and forms, and you’ll need to understand which one best suits your needs before beginning any process. Talk to your expert today to find out more about an alternative doc loan.