Services
First Time homebuyer
A first-time home buyer is a broad term, who is usually someone who hasn’t owned a home within the last 3 years. First-time home buyers can include renters, children, single parents, displaced homemakers, investors, and people living rent-free. State programs usually assist in giving grants to cover downpayment and some closing cost to assist the buyers.
Active Military/Veteran
The term “active duty” is described as a person who served in the active military, naval, or air service on full-time duty in the Armed Forces, Regular, or Reserve Corps ,National Oceanic and Atmospheric. A veteran is defined as a person who served in the active military, naval, air, or space service, and who was discharged or released therefrom under conditions other than dishonorable.
Seniors Retirement Homes
Homes that a senior purchase and desire to retire in within the Golden years of Life or a property that is exclusive for Seniors usually age 55+ suitable for the needs of an aging population.
Investors
An investor in real estate is in charge of actively or passively buying, maintaining, and selling properties, also one who evaluates investment opportunities and acquires and manages properties to generate and income or profit.
FHA
An FHA loan is a mortgage product insured by the Federal Housing Administration. FHA loans are helpful for buyers with limited savings or lower credit scores. FHA loans are a good option for young, first-time home buyers who have not had as much time to save for a large down payment or establish a high credit score.
VA
A VA home loan is a special loan offered by the Department of Veterans Affairs, a low or zero-down payment mortgage option offered to eligible veterans and active duty service members and their families to purchase a home.
Freddie Mac
Government backed Mortgage loan sponsor established in 1970 that equip lender to provide a mortgage usually with down payments as low as 3 percent, fixed rates, and reduced mortgage insurance coverage levels. This product heavily works with smaller banks and credit unions to offer their services, though not limited just to them. Income must me at or below 80% or Area Median income. Freddie Mac tends to finance more larger multifamily properties
Fannie Mae
Government backed Mortgage loan sponsor established in 1938 that equip lender to provide a mortgage usually with down payments as low as 3 percent, fixed rates, and reduced mortgage insurance coverage levels. This product heavily works with Commercial banks to offer their services, though not limited just to them. Income must me at or below 80% or Area Median income. Fannie Mae tends to finance more single family properties
USDA
USDA home loan is a mortgage either made or guaranteed by the United States Department of Agriculture’s Rural Housing Service agency, The U SDA loans are zero-down-payment mortgages that can open paths to homeownership for rural and suburban home buyers, meaning that it is possible to finance up to 100% of the property value.