Gift her a home for Valentines Day

Finding the perfect match isn’t just for relationships; it applies to mortgages too, especially during this time close to Valentine’s Day. Your ideal mortgage depends on your current life stage, much like finding the right partner at different times. Let’s explore some mortgage options: 

• FHA Home Loan: The Young Professional 

• Insured by the Federal Housing Administration. 
• Easier qualification for first-time homebuyers. 
• Low down payment options, starting at 3.5% for credit scores above 620. 

• Temporary Buydown: Getting Set Up with a Match 

• Offers a fixed-rate mortgage with lower initial payments. 
• Similar to getting set up on a date, it requires collaboration with the home seller. 
• Guaranteed Rate Affinity’s program, RateReduce, provides five options for easing into homeownership. 

• VA Home Loan: Your Match Looks Good in Uniform 

• Available to active or retired U.S. military members and qualifying relatives. 
• Benefits include lenient credit requirements and no required down payment. 

• USDA Home Loan: The Outdoorsy Type 

• Aimed at making homeownership affordable, guaranteed by the USDA. 
• Limited to qualifying rural areas with income limits. 

• ARM Loan: Mr. or Ms. Right Now 

• Adjustable Rate Mortgages offer a fixed initial period with lower payments. 
• Ideal for those planning to stay in the home for a short period. 

• FirstHome+: The Sweetheart Deal 

• Eliminates certain terms and upfront fees for households below specified income levels. 
• Offers premium pricing up to 2% lower, depending on qualifications. 

• Community Lending 

• Offers alternatives for those not meeting traditional mortgage qualifications. 
• Flexible guidelines, sometimes focusing on underserved areas.