818-952-2726 floyd@bwamortgage.com INQUIRE HERE

Purchase Loans

You will have lots of financing options for your new purchase. From government supported programs like FHA and VA loans to programs that cater to first time home buyers and of course any and all options for those looking to buy their “move up” home or “downsize” home and everything in between.

Down payments start as low NO money down on a VA loan to a 3.5% down for an FHA loan to 5% for conventional Fannie Mae and Freddie Mac type of loans. Of course you can always put more money and reap the benefits of even lower monthly payments and interest rates!

 

Most common types of purchase money loans

Fixed Rate Mortgages: Your rate and payment never change.

Adjustable Rate Mortgages: After the initial fixed rate period your interest rate will typically change once a year every remaining year of the loan. Most of these loans are 30 year fully amortized loans.

What types of property are eligible?

Most loan programs allow you to purchase single-family homes, condos, planned unit developments, and 1-4 family residences. Most programs will allow you to finance a primary residence, second home or investment property.

To learn more call us at 818-952-2726 or contact us by clicking here.

Be sure to check out the documents we will need to gather resource guide below!

> Home Purchase Documents We Will Need To Gather

Find out if a purchase money loan is right for you. Fill out this quick form and we'll get right back to you with the answer.


Thank You!

Your request has been submitted.



Uh Oh!

Something went wrong. Please refresh the page and try again or call us at 818-952-2726


Uh Oh! There are some problems