CONVENTIONAL LOAN

 

      ●  A conventional, or conforming, mortgage adheres to the guidelines set

          by Fannie Mae and Freddie Mac

 

      ●  Consistent payments which simplify planning and budgeting

 

      ●  Both fixed and adjustable rate options available

 

      ●  Put down as little as 3% of the purchase price for fixed rate loans

          (as little as 5% of the purchase price for conforming high balance)

 

      ●  Ideal for homeowners looking to keep their home long term

 

 

 

 

 

 

 

 

      FHA LOAN

 

      ●  Put down as little as 3.5% of down payment

 

      ●  The guidelines tend to be more flexible than a conventional loan

 

      ●  Financing to borrowers with less than perfect credit

 

      ●  Low down payment requirement makes it more affordable to

          purchase a home

 

      ●  Ideal for borrowers with high monthly debt obligations

 

 

 

 

 

 

 

      JUMBO LOAN

 

      ●  Loan amounts up to $3M

 

      ●  Provides financing to afford larger or luxury homes

 

      ●  A jumbo loan is a fixed or variable rate mortgage for higher priced homes

 

      ●  Avoid putting a larger down payment to meet the loan limits of other

          programs

 

      ●  For loan amounts above the standard limits of conventional loans

 

 

 

 

 

 

 

      VA LOAN

 

      ●  VA loans are great for veterans and active duty service members

 

      ●  No down payment required

 

      ●  No mortgage insurance required

 

      ●  Financing for borrowers with less than perfect credit

 

      ●  Interest rates on VA loans are typically lower than conventional loans

 

 

 

 

 

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      PHONE:   (925) 709-4375

      FAX:   (925) 848-0902

      EMAIL:   LOANS@GOLDENCASTLELOANS.COM

      NMLS #:   487891