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Have you been dreaming about homeownership? Maybe now is the time to join the world of homebuyers! We can help you decide if buying a home now is an option for you with tips for first-time home buyers, helpful programs and resources, and more. Here’s what else you need to know in order to take that first step in your home-buying journey:
You decide to start the process of purchasing your dream home but suddenly realize that you are going to run into issues when you have to prove your income level. Maybe you’ve had problems getting a loan in the past due to unsteady income. You have a high level of assets, but can’t show a consistent monthly paycheck, so what can you do? Thankfully there are high asset home loans that can open the door to your homeownership dream! American Pacific Mortgage offers an Asset Inclusion Loan Program that might be an option for you.
The FHA 203(h) mortgage may be used to finance the purchase of a new home with no down payment and favorable terms.
- 100% financing available
- Financing options available for FICO scores as low as 640
- FHA mortgage limits range from $275,665 to $636,150 in high cost areas
- No borrower income limit
- If you plan on purchasing a new home, the new home need not be located in the area where the previous house was located.
- Renters that were displaced within a declared disaster area are also eligible for this program.
During the home buying process, one critical component to consider is your mortgage rate. Home loan interest rates vary widely from lender to lender. You might wonder if the lowest rate is the correct way to go; there are other factors to take into consideration besides an advertised rate. American Pacific Mortgage believes in giving you the tools you need to make educated decisions. We have compiled a list of tips to help give you confidence as you enter down the path of home ownership or refinancing a current home loan.
As you begin the process of achieving your homeownership dream and navigating the world of mortgages, you’ll come across a lot of terms that may be new to you. You’ll hear terms like “conventional loans”, “conforming loans”, “non-conforming loans” and “conforming loan limits” to name a few. We’re here to make these mortgage terms easy to understand and help you confidently consider and discuss your mortgage needs. Let’s talk about conforming loans and conforming loan limits - what do they mean to you? And where do conventional and non-conforming loans fit in?
Getting ready to buy your first home is an exciting and sometimes overwhelming time. You may have heard that there are benefits to being a first-time home buyer. Can first-time home buyer programs really make the difference and help you achieve your homeownership dream? American Pacific Mortgage is here to help explain these programs and make it easier for you to take the next step toward buying your home.
Is it your time to buy? Time to buy the home that really fits your family; time to make your backyard into an oasis; time to experience the peak of home ownership. American Pacific Mortgage can help you realize those dreams with new home loan programs. Our brand new Peak loan programs can make buying a home more affordable and help you get access to the equity you need.
It can be challenging for some to qualify for a mortgage, even with a high net worth.
Are you dreaming of moving into a new home or condo that better fits your lifestyle, but don’t know how you can confidently buy a new home while you sell the one you’re in?
At American Pacific Mortgage, we are committed to helping you make an informed decision during the mortgage process. After getting to know you, our loan advisors use their expertise to make loan recommendations that fit your particular needs. We are able to pull from a variety of options, including our specialty loan programs that were developed to help solve barriers our borrowers face.
You’re ready to take the next step toward homeownership, but want to stand out from the crowd of other buyers when it comes time to put your offer in on the home you’ve chosen. Your dream of homeownership is important to us at American Pacific Mortgage and we’re here to help set you apart from the competition with our Keys On Time loan program.
Is owning a home your dream? What has been keeping you from achieving that dream? Maybe you assume that your lower credit score will keep you renting for years. Maybe you have been turned down in the past for a home loan because your finances don’t “fit” the standard agency or jumbo program guidelines.
As an active duty service member, Veteran, or surviving spouse of a Veteran, you have sacrificed and served our country well. American Pacific Mortgage appreciates your service! We’re here to thank you for your sacrifice and contribution with our VA loans. You deserve the home of your dreams and we offer the programs that can help you get there.
You’ve finally taken the plunge and are ready to buy a home. You even have a meeting set up to meet with a loan advisor to start discussing the process and see what loan program you might qualify for. We want to help prepare you for that meeting so you can leave with the most information and knowledge possible.
Do you enjoy watching Chip and Jo tear down the walls and turn messy homes into gorgeous ones on HGTV’s Fixer Upper? If you have the desire to demolish kitchen cabinets and create your own beautifully designed space, then our Dream Home Renovation program could be just what you need.
When you are thinking about becoming a homeowner, the idea of coming up with a large down payment can feel like an overwhelming feat. Depending on what type of mortgage loan you choose, you may need anywhere from 3.5% to 20% for your down payment*.
If you’ve had to foreclose on your home in the past, you may be wondering if you’ll ever have the chance to be a homeowner again. After going through a foreclosure, it may take some time to recover, but it is possible to eventually own another home of your own.
Have you filed for bankruptcy and are wondering if buying a home is now completely out of the question for you and your family? While it may be tricky to get a mortgage loan after filing for bankruptcy, it is still possible. Even families who have a Chapter 7 or Chapter 13 bankruptcy on their credit report may be able to buy a home after some time has passed.
