Down payments are as low as 3.5% and the entire down payment and closing costs can sometimes be covered with gift funds.
If you have a solid credit score of 640 or above, a Conventional mortgage is a great option.īecause FHA loans are backed by the government, they’re one the easiest mortgages to qualify for. Two more reasons people love this type of mortgage is because it doesn’t always require mortgage insurance and it allows the borrower to purchase a more expensive home. Many homebuyers prefer Conventional mortgages because they offer more flexibility and the costs accompanying the loan are often less expensive. Sellers love Approved to Move™ because it’s virtually as good as a cash offer and all but guarantees a quick closing. Unlike a typical pre-approval, Approved to Move™ is fully underwritten and verifies your information before you start house hunting. So, we came up with a solution - Approved to Move™. In today’s competitive housing market, it’s easy (and totally disappointing) to lose your dream home to another homebuyer.
