Many first time homeowners are choosing to consider FHA insured loan programs which can permit an easier time to qualify for a mortgage loan with as little as 3.5% down payment limiting your upfront costs.
Conventional Fixed Rate Mortgage
Conventional fixed rate loans are offered up to a 30 year term and are made available through government sponsored organizations known as Fannie Mae and Freddie Mac. The fixed rate and payments are fixed for the life of the loan dependent upon the term selected.
VA Home Mortgages
VA homes are available to help veterans, active duty military, National Guard, reservists, and surviving spouses to afford the homes they deserve. The Department of the Veterans Affairs determines the eligibility dependent upon the length and type of service by the service member.
Adjustable Rate Mortgage (ARM)
ARM loan are loans based upon market indexes that become adjustable after a fixed rate period between 5, 7 or 10 years. The interest rate could go up or down dependent upon the market factors. Typically starting ARM rates can be lower than traditional fixed rate mortgages.
Golden Empire Mortgage
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What they're saying about GEM...
- Antoine, was very knowledgeable and professional as we work together on our loan! I will certainly will recommend him to my friends! Thank you! ClaudetteCLAUDETTE H
- Professional service.WILLIAM H
- Antoine and his staff were friendly, efficient, prompt and the overall customer service was excellent. I appreciated the special accommodations that were made due to COVID-19. (Ie Mobile Notary) He was very thoughtful and gave me regular updates on the progress of my loan. I would highly recommend Antoine for any future transactions for my friends and family.ANNETTA M