Have you been wanting to buy your own home? Sick of renting, and want somewhere you can call your own? Then here at Nationwide Home Loans, we're here to help you. We'll work with you to help you find the best home loan in Dania Beach, that will get you into the home of your dreams. Think you can't get a loan? You'd be surprised. Here are some of the options that are available to you.
Veterans Home Loans
Are you active military personnel, or are you a veteran? Then you could be eligible for Dania Beach VA Home Loans. These loans are designed just for veterans, to help them buy their own home. Lenders understand that when you're in the military, it's difficult to start establishing credit and get yourself enough to qualify for a loan. That's where VA loans come in. You'll need proof of your time served, and once you have that you can start shopping around.
These loans are fantastic as no down payment is needed, and you'll get competitive interest rates. Even if you've thought that you couldn't afford a home loan before, it's worth looking into VA loans. You'll be amazed at how affordable they can be.
Reverse Mortgage Loans
These types of loans aren't for those looking to buy their own home. In fact, they're actually for people who have already owned their home for years. It's a loan that's perfect for seniors, and those that have just retired. You can take out a loan that will only need to be repaid once you are no longer in possession of your home. It's a great way of putting the value of your home to work for you.
Many customers who use a Dania Beach Reverse Mortgage use it to cover costs that they couldn't before. They're a particularly good way of covering your medical bills, so you can get the treatment you need without worry.
Have you ever wanted to buy your own home, but thought that you'd never be able to afford it? Many put off buying a home because they think that they'd never be approved for a mortgage on their income. These people are missing out because you can, in fact, get your dream home using an FHA loan.
These kinds of loans are designed to help those on lower incomes onto the housing ladder. They're backed by the Federal Housing Administration. They're attractive to both borrowers and lenders, as the FHA promises to cover payments if the buyer defaults on payments. That makes you much lower risk as a buyer, so you can buy a home with attractive repayment rates.
What are Dania Beach Jumbo Loans? They're home loans designed for those who need more than the maximum loan limits put in place by Fannie Mae and Freddie Mac, the government-sponsored institutions that buy mortgages from lenders. If you're looking to buy a home that needs a bigger mortgage, then this is the way to go.
To qualify for one of these loans, you'll need to meet some qualifications. These include having a credit score of 680 or higher, although you can have a lower credit score if you put down a larger down payment. You'll also need proof of your income, as well as a debt to income ratio of no more than 43%. If you can qualify for a jumbo loan, then you can buy that house of your dreams.
Getting A Home Loan
Not sure which home loan is right for you? Then come to talk to us at Nationwide Home Loans. We're here to help you find the loan that's right for you. We'll sort through all the different types with you, and help you find one that's affordable, reasonable, and gives you the flexibility you need. You don't know what's out there for you until you get in touch with us!
Come on in and talk to us today. Even if you think you can't qualify for a mortgage, you should always investigate it. You never know what you could be eligible for! We'll help you find the right mortgage for you, and we'll have you in your own brand new home before you know it.