A wide variety of home loan options

We like spending time together! Low angle view of happy little boy stretching out hands while his father carrying him on shouldersAt Primary Residential Mortgage, we know that every home buyer is unique. That’s why we offer a variety of mortgage options, such as FHA home loans, for home buyers. Home loans insured by the Federal Housing Administration offer a lower downpayment requirement and less stringent underwriting criteria than conventional loans, often making it an ideal choice for first-time home buyers. Is your credit less than stellar? An FHA loan might be right for you.

Buying a home that needs a lot of work can be challenging in more ways than one. That’s why we work the FHA 203(k) home loan program, too. Eligible borrowers can purchase a fixer-upper with one loan for both the purchase price and improvements. That means you don’t have to scramble to make repairs before closing on your loan. It’s another low-downpayment option that provides our customers with even more flexibility in their home buying choices.

We also proudly work with the VA home loan program. If you meet the qualifications, you can enjoy lower closing costs, lower mortgage payments, and the possibility of no down payment! The VA home loan program is an incredible benefit for military personnel, veterans and some surviving spouses, and as a lender with a national presence along with an intimate local market knowledge, we can offer better VA loan terms and rates than most.

Ever heard of a USDA home loan? It’s not for people buying farms! This no-downpayment program allows eligible borrowers to purchase homes in rural areas. The USDA determines what “rural” means, and that varies widely by state. If the home you’re buying qualifies, it could be a good financing option for you and your family.

At PRMI, we also offer conventional loans, jumbo loans, reverse mortgages and more. Which one is right for you and your family? Let’s talk.