If you’re looking to purchase a home for the Ventura County and have now at least a great step 3% advance payment (that’s provide money from a family member), we are confident we are your absolute best source for a home loan.
People First-mortgage try a large financial company based in Thousand Oaks, Ca. We’re running a business (in identical strengthening!) once the 1986. Are a large financial company, lenders write off the pricing so you’re able to us for this reason we are able to render most useful pricing to you personally than simply if you worked with new exact same bank personally.
Advantages = May have down home loan insurance costs (utilizes credit history), prevent FHA’s initial charge, and you may home loan insurance is maybe not into the life of the loan
- FHA (Federal Homes Administration) money having only step 3.5% down.
- Traditional loans having as little as step 3 5% down.
- Va (Experts Government) which have as low as 0% off.
We generally offer FHA funds to homeowners having credit ratings under 660, have less than a beneficial 5% down payment and you can/or that have borrowing factors since this enables a reduced percentage and you can interest rate.
The following is a good example (by ) out of exactly how an FHA mortgage create lookup predicated on a $640,100 conversion rates, single family home, step 3.5% down ($twenty-two,400), and you can a great 660 credit history:
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