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Purchase Loan Options

A Quick Snapshot of Your Purchase Loan Options

Conventional

A Conventional loan is ideal for borrowers with a solid credit history and steady income. With flexible down payment options starting at 3% and competitive interest rates, this loan type provides a reliable path to homeownership. It’s perfect for those looking to avoid mortgage insurance with a 20% down payment.

FHA Loan

The FHA loan is designed for those with lower credit scores or limited funds for a down payment. With credit scores accepted as low as 500 and down payments as low as 3.5%, it offers a flexible route to homeownership, providing a great opportunity for first-time buyers or those with credit challenges.

VA Loan

Exclusively for veterans, active-duty service members, and eligible spouses, the VA loan offers unbeatable benefits like no down payment, no private mortgage insurance, and competitive interest rates. Even with credit scores as low as 500, VA loans provide a hassle-free path to homeownership, honoring the service of our nation's heroes.

Bank Statement Loan

Bank Statement Loans are perfect for self-employed borrowers or those with non-traditional income. Instead of traditional income documentation, these loans use bank statements to verify income, making it easier for you to qualify for a mortgage based on your cash flow, not your tax returns.

Alternative Documentation Loan

For those with unique financial situations, our Alternative Documentation Loans provide flexible options like DSCR, P&L, or No Income Home Loans. With the possibility of qualifying just one day out of bankruptcy or foreclosure, these loans offer a fresh start for borrowers needing a non-traditional approach to home financing.

Hometown Hero Loan

The Hometown Hero Loan is designed to support our local heroes, including teachers, first responders, and healthcare workers. With reduced fees, low down payment options, and competitive rates, this program honors those who serve our community by making homeownership more accessible and affordable.

HomeReady | Home Possible Loan

HomeReady and Home Possible loans offer low down payment options and flexible underwriting to support low-to-moderate income buyers. With as little as 3% down and competitive rates, these programs are perfect for first-time homebuyers or those seeking affordable paths to homeownership.

Manufactured Home Loan

Manufactured Home Loans provide financing for both new and existing manufactured homes, offering competitive rates and flexible terms. Whether you’re purchasing or refinancing, this loan option is ideal for those looking for affordable housing alternatives without compromising on quality or comfort.

USDA Loan

USDA loans offer zero down payment options for those looking to purchase in eligible rural and suburban areas. With competitive interest rates and flexible credit requirements, this loan type is ideal for low-to-moderate income buyers seeking affordable homeownership opportunities outside urban settings.

Jumbo Loan

Jumbo loans are tailored for those looking to finance luxury properties or homes in high-cost areas. These loans exceed the conforming loan limits and offer competitive rates and flexible terms. With a strong credit profile and a sizable down payment, you can finance your dream home with a Jumbo loan.

Personalized Purchase Options

Purchase loan options provide financing solutions for buying a home, offering various terms and rates to suit your budget. These loans cover the purchase price and can be customized to your financial needs. With fixed or adjustable-rate options, you can choose the loan that works best for your situation. Pre-approvals and free consultations make it easy to get started. Our team of experts is here to guide you through the process and help you find the right loan for your new home.

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Why choose Select Home Loans?

  • Diverse mortgage options: Conventional, FHA, VA, Reverse Mortgages, Non-QM Loans, HELOC’s and Seconds Mortgages.
  • Trusted reputation: A+ Rated and accredited by the Better Business Bureau.
  • Quick and efficient closings: E-signing and in-house underwriting streamline the process.
  • Customized service: Solutions crafted to meet your specific requirements.
  • Established credibility: A solid track record of trust and excellence.
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Transforming Your Financial Goals Into Reality

15

Average to Close

3500

People found their dream home with Select Home Loans

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More savings than you would get with some of our competitors

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Hear What Our Clients Have To Say!

“While visiting my wife's parents who have lived in Florida for a number of years, my wife and I decided to look for a new home. After looking at several homes for sale, my wife and I found the home we wanted. We mentioned to our real estate agent that we would need to obtain a mortgage as it would probably be a year until we were ready to sell our home in New Jersey and he recommended that we contact Select Home Loans. That was the best advice we received. Although we were some 1,300 miles away, our David Shefsky at Select Home Loans walked us through each step requesting the necessary documentation he needed. Two months later, we had our mortgage. One year after that, we became permanent Florida residents and Select Home Loans helped us achieve our goal. Thank you”

Re S.Boca Raton, FL

“I just wanted to send a note to thank you for all of your support and guidance throughout the mortgage process while purchasing our home. It could have been a nerve-racking experience and you very calmly guided me along the way and certainly made the experience much better than it easily could have been. Once again, thank you. It was a pleasure doing business with you and Select Home Loans.”

Isabel B & Gerald BWest Palm Beach, FL

“Thank you Scott, for your superb assistance with Barry & Sally! Really appreciate working with people that take their profession to that next level like you!”

Miriam L.Orlando, FL

“When I found a house I wanted to purchase, was new to the area and just picked a mortgage company out of a hat. Fortunately, this was Select Home Loans and my experience working with my Mortgage Banker was excellent. He was professional, knowledgeable, and efficient, as was his office staff. Although I had the financial resources to pay for the house, my financial situation was unusual, and he was up to the challenge of working out a loan for me with a good interest rate. From start to finish, the process went smoothly and without any surprises. Any potential hitches were dealt with quickly and effectively; his manner was always pleasant and he made himself very available. No long waits for him to call back. I highly recommend Select Home Loans.”

Judy M.Boca Raton, FL