The Home Buying Dream Team
At MultiResource we're here to be your home buying ally. We're excited to walk with you in finding competitive products on the lending market today. Here is some basic information on mortgage types to get you started!
Conventional Mortgages

​​​​​​​Conventional loans are not backed by any type of government agency which allows much more flexibility in the options our lenders can provide for you.

Our lenders can offer different loan structures depending on your needs, including a 30, 20, or 15 year fixed or adjustable rate (and more). These loans generally have more flexibility with your private mortgage insurance as well!


FHA

FHA loans are insured by the Federal Housing Administration meaning it is a government backed loan. When the government backs the loan it allows the lender to provide more competitive options than they normally would to a buyer that on paper may be considered "risky". This is a wonderful option to help buyers get into the home of their dreams. 

More information can be found on these types of loans at the FHA website(clickhere!)

VA

VA loans are incredible opportunities for active service members, veterans, and surviving spouses.

These are government backed loans with very competitive interest rates and down payments meant to reward and honor our soldiers for their bravery. ​​​​​​​

More information can be found on these types of loans at the VA Benefits website(clickhere!)

USDA
USDA loans do not require a down payment! These loans are built to help home buyers finance property in rural areas  and make their home ownership dreams a reality. USDA loans are a great opportunity to enable home buyers with competitive interest rates and down payments in comparison to conventional loans.

These loans are available in very specific areas outlined by the government and have very specific requirements. 

For more information on USDA loans visit the USDA loan website(clickhere!)
To see if property is elligable, you can use the USDA eligibility tool here(clickhere!)
Reserve Mortgage
 A reverse mortgage is for home owners of 62 years of age or older. This is a great option to put the equity in your home to work for you in either a lump sum or payments over time.

The goal of this loan is help senior citizens stay in their homes and achieve financial independence. 

Seniors always MAINTAIN OWNERSHIP of THEIR HOME and STAY IN THEIR HOME, WITHOUT EVER MAKING ANOTHER MONTHLY MORTGAGE PAYMENT (Borrower must comply with all loan terms, such as paying property taxes and homeowner's insurance). 

For more information on reverse mortgages visit the Housing and Urban Development(HUD) website(clickhere!)
Jumbos
A jumbo loan is a product used to fiance homes that are above the cost of what is defined as a "conforming" loan by the Federal Housing Finance Agency. These loans are generally considered riskier because they can not be guaranteed by finance entities like normal conforming conventional mortgages. But no worries! We've got you covered! Our lenders have great non-conforming conventional loan options with flexible terms, fixed and adjustable interest rates that can help you buy or re-finance your dream home. 
Ready to hear more?
We're on stand by! Let's learn more about your situation together. We can walk through these options with you to see what the best fit is for you and your family. Submit your information below and we will get in touch. This is our passion and we are excited to help make home ownership an exciting experience for you too!

We will never spam you or sell your information. 

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