Free Call: 1-800-560-9974
Hablamos Español
LOAN OPTIONS
First Time Buyers: FHA
This loan is insured by the Federal Housing Administration (FHA). Due to its flexible guidelines, it is a great option for first time home buyers. The minimum down payment for this loan is typically 3.5%.
Refinance
High interest rate means high monthly payments. Currently, we are experiencing historically low interest rates in Real Estate markets. This is why today is the perfect time to take advantage of it and start saving thousands of dollars in monthly payments.
Conventional
Conventional is also a very popular loan among buyers. This type of loan requires a better credit and higher down payment, which usually ranges between 5% and 20%.
VA
VA loans are designed to offer long-term financing, with lower interest rates and reduced down payments for American veterans or their surviving spouses.
Jumbo / High Balance
A jumbo mortgage is a home loan for an amount that exceeds conforming or conventional loan limits established by regulation.
Construction
Are you thinking about building a brand new home? PowerHouse Mortgage offers very flexible options that will protect you during the construction process.