Purchase Loans
Simplify your mortgage by optimizing your income, assets, and credit
Purchase Mortgage Programs
There is a wide variety of home loan choices when purchasing a house. From Conventional with 3%-20% down or more, to FHA which is great for first time home buyers or those looking to rebuild their credit, and the VA loans for veterans and active duty service member.
There are many mortgage options when it comes to buying your home. The most common and popular Purchase Mortgage programs are the 30-year and 15-year conventional home loans. These programs have great interest rates, straightforward underwriting, and reasonable PMI, and if you have 20% down, there is no mortgage insurance requirement. It is also very flexible, with minimum down payment requirements as low as 3%.
FHA mortgages offer a great option for a first-time home buyer to purchase a mortgage. With a low down payment and more relaxed underwriting guidelines. Also, FHA allows non-traditional credit, such as insurance, utilities, and rental history, for borrowers with little or no credit history.
The VA mortgage is often the best route for our veterans and current service members. With low mortgage interest rates, no downpayment requirement, and zero monthly mortgage insurance, it is a great program.
Finally, there is a USDA program for those outside the city limits. This allows a home buyer to purchase a home with zero percent down and very attractive interest rates.
Local Loan Options
Nebraska Mortgage Options
Nebraska residents have several mortgage options available to them. Conventional mortgages, with low down payments. FHA loans, require a smaller down payment and are generally easier to qualify for. VA loans are available to eligible active-duty military personnel and veterans. USDA loans help borrowers in rural areas with low to moderate-income purchase homes. Additionally, Nebraska residents may be eligible for various state and local first-time homebuyer programs and down payment assistance programs.
Lincoln Mortgage Options
Residents of Lincoln, NE can choose from a variety of mortgage options. Traditional mortgages are available with low down payments. An FHA loan is also an option, requires a lower down payment, and is generally easier to qualify for. VA loans are available to eligible active-duty military and veterans. USDA loans help rural low- to moderate-income home buyers. Additionally, Lincoln, Nebraska residents may be eligible for several state and local first-time buyer and down payment assistance programs.
Omaha Mortgage Options
Residents of Omaha, NE can choose from a variety of mortgage options. Traditional mortgages are available with low down payments. FHA loans are also an option, require a lower down payment, and are generally easier to qualify for. VA loans are available to eligible active-duty military and veterans. USDA loans help rural low- to moderate-income homebuyers. In addition, Lincoln, Nebraska residents may be eligible for several state and local first-time buyer and down payment assistance programs.