Learn more about moving on to your next home
Iwant to move up to a better home. What can I afford? Each buyer is unique - and we'll help you find out just what you can afford. You already know that monthly income and financial obligations are most important in determining your price range
I'm buying a second home. Is it a different process? No. Whether you need to be near the water or in the mountains, a vacation home offers an opportunity for fun and relaxation - and we make it just as easy to obtain a mortgage. But keep in mind you'll need to identify sources for your down payment, since you're not selling your current house and using the proceeds, and you'll need to expect a larger monthly obligation for housing expenses. We'll work with you to create a customized loan program with the best combination of rate, points, and closing costs for your needs - we call it our personalized rate because no two are alike!
What about my less-than-perfect credit report? Our special solutions program can help: We offer loan options ideal for those who have a few "dings" on their credit report. We try to work with every customer to develop an individual mortgage program - we call it your personalized rate, because no two are alike. So we try to develop a custom program based on your credit worthiness.
Will I need an appraisal on my new home? Not necessarily. You may qualify for a more streamlined loan process. We can look at your credit history and consult our property assessment model to determine if we can complete your loan application without an appraisal.
Do I have to pay Private Mortgage Insurance (PMI)? Private Mortgage Insurance is not required on our loan programs for down payments of 20% or less, however beginning with your first payment we will collect a monthly Low Down Payment Fee in lieu of PMI. Once your loan reaches 78% of the original appraised value of the property or sales price, whichever is less, this fee will no longer be required..
What if I don't sell my current house? You may qualify for a new loan without even selling your current home. We'll help you determine what might work for you.
What if I'm building a home? If you are working with a builder within a sub-division or development and just making carpeting, lighting and appliance selections for a brand-new home, you can probably obtain a standard mortgage loan. But if you're hiring contractors, electricians, plumbers, and painters, you probably need a construction loan, which provides funds to pay subcontractors as work progresses.
If you have a property in mind or even just a general question, please don't hesitate to
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