Starting a family, home value, or the simple joy of ownership buying a home is a big decision; Crystal the Closer can assist you and clarify the best options for you.
Buying a home can be overwhelming; entrust the process with Crystal the Closer to guide you all the way to your new home!
A jumbo loan, or jumbo mortgage, is a home loan for an amount that exceeds the “conforming loan limit” set on mortgages eligible for purchase by Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that ultimately buy and administer most single-family-home mortgages in the U.S.
A non-qualified mortgage (Non-QM) is a home loan designed to help homebuyers who can’t meet the strict criteria of a qualifying mortgage. For example, if you are self-employed or don’t have all the necessary documentation to qualify for a traditional mortgage, you might need to look at non-qualified mortgages.
Loans are backed by the Federal Housing Administration, and they are a good option for first-time homebuyers or borrowers with low credit scores. FHA loans can be used to buy different types of homes or when conducting fixer-upper projects.
USDA – Loans are issued by the United States Department of Agriculture to encourage homeownership in rural and semi-urban areas. USDA loans require low to no down payment.
Loans are issued by the Department of Veteran Affairs and are offered at zero down payment. Both active and retired veterans plus their families are the ones that qualify for VA loans.
Homeowners in California who are 62-years old or older can use a reverse mortgage to tap into the equity of their home while remaining in it. Borrowers cannot be evicted from their homes; the reverse mortgage loan only comes due upon a borrower’s death or when they move out.
A conventional loan is a mortgage loan that follows the lending rules set by Federal Home Loan Mortgage Corporation (Freddie Mac) and Federal National Mortgage Association (Fannie Mae) and is not backed by any government agency.
A home equity loan is a type of loan in which the borrower uses the equity of their home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution.
Crystal the Closer offers Strategic Real Estate Financing Consultations that include:
RSA, Realty Inc.
Offering customized service, specialist knowledge, and skills that connect individuals with the perfect property; making one’s real estate investment a success!
Crystal Calhoun-Epps is the founder of Crystal the Closer company; a firm dedicated to helping people easily access mortgages, acquire funding, and achieve their homeownership goals.
