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.
How Soon Do You Want To Buy A Home?
Apply Now!
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.
Transforming Your Financial Goals Into Reality
15
Average to Close
3500
People found their dream home with Select Home Loans
40
More savings than you would get with some of our competitors