Can You Buy a Home in California with Less Than 5% Down?
Buying a home in California might seem like an impossible dream in today’s competitive market, but it doesn’t have to be. Many aspiring homeowners assume they need at least a…
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Allied Residential Mortgage
Conventional Mortgage Loans
A conventional loan is a mortgage loan that’s backed by a government-sponsored entity. These loans come in all shapes and sizes, and while they don’t provide some of the benefits of FHA, VA, and USDA loans, they remain the most common type of mortgage loan.
Conventional loans are originated, backed, and serviced by private mortgage lenders like banks, credit unions, and other financial institutions.
These loans are broken down into conforming and nonconforming loans, depending on whether or not they conform to guidelines set by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), the two government-backed mortgage companies that own many mortgages in the U.S.
Why Choose Allied Residential Mortgage?
At Allied Residential Mortgage, we’re committed to guiding you through the mortgage process with transparency and expertise. Our team of dedicated professionals will work with you to find the best conventional loan option to fit your unique needs, ensuring a smooth and stress-free path to homeownership.
Ready to take the next step? Contact us today to learn more about our Conventional Mortgage Loans and discover how we can help you achieve your homeownership goals.
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Solutions Designed To Help You Achieve Your Goals
Federal Housing Administration
Backed by the FHA, this option is especially popular among first-time home buyers thanks to its lower minimum credit scores and down payments.
Veterans Administration Loans
With VA loans, veterans, service members, and their surviving spouses can purchase homes with little to no down payment and no private mortgage insurance.
Non-Qualified Mortgage
This type of mortgage loan allows you to qualify based on alternative methods (like bank statements or assets), instead of traditional income verification.
Debt-Service Coverage Ratio
Our team of experienced mortgage professionals is dedicated to offering tailored solutions like DSCR Loans that help you achieve your investment goals.
HECM Reverse Mortgage
With a reverse mortgage, the title to your home remains in your name. However, unlike traditional mortgages, you receive money instead of making payments.
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