Which Loan is right for you

🏠 Home Loan Comparison

📊 Key Insights

• Conventional Loans: Require higher credit scores but offer flexibility and potentially lower costs for buyers with strong financial profiles.

• FHA Loans: Designed for first-time buyers or those with less-than-perfect credit, requiring a modest down payment.

• VA Loans: Offer 100% financing for eligible veterans, with competitive rates and no private mortgage insurance (PMI).

• USDA Loans: Provide zero-down financing for qualified buyers in designated rural and suburban areas.

💡 Additional Considerations

• Mortgage Insurance: FHA loans require both upfront and monthly mortgage insurance premiums. Conventional loans typically require PMI if the down payment is less than 20%, but this can be canceled once sufficient equity is built. VA and USDA loans have their own funding fees or guarantee fees but do not require traditional mortgage insurance.

• Loan Limits: Each loan type has specific limits based on location and property type. It’s essential to consult with a mortgage professional to understand the limits applicable to your situation.

• Eligibility: VA loans are available to eligible veterans, active-duty service members, and certain members of the National Guard and Reserves. USDA loans have income and property location requirements.

📞 Need Personalized Guidance?

Navigating the mortgage landscape can be complex, especially for out-of-state or international buyers. As a bilingual Realtor fluent in English and Spanish, I specialize in assisting clients from Europe, Canada, Latin America, and beyond. Whether you’re buying your first home, investing, or relocating, I’m here to provide tailored advice and support every step of the way.

Feel free to reach out for a personalized consultation to explore the best mortgage options for your needs.