No two home buyers are alike, so the best loan program for one buyer may be unsuitable, or plain unavailable, to another. It’s up to the buyer (with our help!), to make the right call based on these and other questions:
•Which loan has the lowest monthly payment?
•What option requires the least amount upfront?
•What will cost me less over time?
•Which loan type is suitable for my credit score?
•How does my income affect the products for which I’m eligible?
There is no “right” answer to the question, “Which loan type is best?”.
In fact, the best answer is, “it depends.” That’s why today’s home buyer is fortunate to have access to multiple programs. There are no “bad” mortgage programs, just ones that do and do not fit a specific situation. Below are some highlights to detail what loan program might be the best option.