Mortgage Loan Options

Fannie Mae and Freddie Mac offer great mortgage financing options.  While they both fall under conventional guidelines, each is slightly different.  Examples of differences are proof of tax return requirements, reserve requirements, down payment requirements, and even the need for an appraisal.   

FHA loans are a popular choice for first-time home buyers.  However, an FHA guaranteed loan can still be a great option for any home-buyer looking for a low down-payment option.  With less stringent credit requirements and flexible debt-to-to- income ratios, FHA loans can offer a benefit over conventional financing under the right conditions.  

VA guaranteed loans provide an extra assurance to mortgage lenders which allows eligible borrowers to get a competitive mortgage rate.  Little or no down payment purchase options and simple Interest Rate Reduction Refinance Loans (IRRRL) give eligible borrowers access to the best mortgage loans available. 

Shopping for the perfect home can be challenging.  Finding the best mortgage loan should be easy.  Competitive Home Lending has access to many national mortgage lenders and can eliminate lenders with restrictive lending criteria.  Matching borrowers with the right lender makes the home buying process simple. 

When it is time to reduce your monthly mortgage payment or accelerate the time it will take to payoff your home loan, Competitive Home Lending will help you leverage your financial goals.  When refinancing makes sense, get the most out of your refinance with the best mortgage loan rate.   

If refinancing your mortgage to consolidate debt will save you money, then getting the lowest possible rate is priority.  As a mortgage broker, Competitive Home Lending will help you save the most by finding the lowest mortgage rate for your cash-out home loan.  Use the same national mortgage lenders but avoid retail mortgage rates.