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Affinity Mortgage: The Home Purchase Experts
Does a great home purchase process exist? It sure does. Welcome to it.
Our FAST loan processing system combined with the expertise that comes from closing hundreds of millions of dollars in loans has allowed us to assemble a portfolio of purchase loan options that produces the best possible loan for every situation.
Super low rates? Yep. Low closing costs? Of course. A process that makes it easy for everyone involved? Absolutely. Find out what we can do for you by submitting the “Rate Quote!” form, below.
Some of our popular Purchase programs:
- VA: Possibly the best purchase loan in existence, the VA’s purchase loan program allows eligible borrowers to purchase a home with as little as a 0% down-payment. This program also features forgiving underwriting guidelines that allow borrowers with higher debt-to-income ratios and/or lower credit scores to still purchase the home of their dreams. Like all of our loan programs, our VA loans feature a super low rate.
- FHA: This program is popular with first-time home buyers as it allows for eligible borrowers to purchase a home with as little as a 3.5% down payment (the lowest down payment available outside the VA Loan) and it generally has less restrictive underwriting requirements. The FHA even allows for you to use “gift” funds from a family member for your down-payment.
- Conventional: Conventional loans have historically required a 20% down-payment, but not any more. Our portfolio allows borrowers to buy their primary home using a Conventional loan with only a 5% down-payment. No PMI options? Check. Super low rates? Of course. FAST closings? Absolutely.
For VA loans, there is no down-payment required (0% down). For FHA, the minimum is 3.5%. And for Conventional, the minimum down-payment amount is 5%.
Limitations apply to these requirements, depending upon your particular loan scenario.
For example: Some borrowers will negotiate to have the seller (the seller of the property they are buying) cover these expenses. Or some borrowers will use funds from the bank (the bank rebate) to pay their closing costs. Gifts from family members can also be used in some situations.
Of course there are terms and conditions and limitations that apply — submit a “Rate Quote!” from (below) to find out what options may be available to you.
FHA loans: Yes. FHA loans do require a PMI payment until you refinance out of the loan or until it is paid off.
Conventional loans: We have several options for eliminating the monthly PMI payment on a conventional loan — even if you have less than 20% equity. Our “No PMI Conventional Loan” options are very popular. Submit a “Rate Quote!” form, below, to find out more.
Another benefit to getting Pre-Approved is that you are making yourself a more desirable buyer. To put it another way: If you were selling your home, would you rather accept an offer from a buyer who has spoken to a lender and received a pre-approval for their loan … or would you rather accept an offer from a buyer who hasn’t talked to anyone?
Get pre-approved today by submitting the “Rate Quote!” form, below.
Note that being pre-approved does not guarantee loan approval; loans are underwritten once a purchase contract has been signed by all parties.
Further, our central location helps us do the great loans that Affinity Mortgage is known for. We don’t have a fancy office tower. We don’t have a snazzy website. We don’t have an App for you tablet. And we don’t advertize during the Super Bowl. Why? Because those things are expensive and would prohibit us from doing some of the best loans on the planet.
Just give your real estate agent’s contact information to your Affinity loan officer and we will take it from there. Your real estate agent will love working with us!
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