FHA Home Loans
FHA loans are a popular choice for first-time homebuyers. With as low as a 3.5% down payment, these loans may make homeownership more accessible. Whether you’re a first-time buyer or looking to refinance*, Supreme Lending’s FHA loans may be your option.
VA Home Loans
VA** loans offer incredible benefits for our active-duty service members, veterans, and surviving spouses. Thanks to the U.S. Department of Veterans Affairs, one of the most significant advantages is that no down payment is required. This makes it easier for those who have served our country to achieve the American dream of homeownership.
USDA Home Loans
If you’re looking to buy a home in rural areas, USDA loans could be your ticket to homeownership. These loans come with zero down payment requirements, which may make it easier for low-income homebuyers to get into their new homes without the need to save a large amount of money upfront. Property must qualify for USDA program
Conventional Home Loans
Even with conventional loans, Supreme Lending offers options that require as little as a 3% down payment. However, to avoid private mortgage insurance (PMI), a borrower will need a 20% down payment. Our mortgage professionals can help you navigate the various options and find the loan program to fit your financial situation.
Saving Up a Down Payment
Does the idea of saving up for a down payment get you down? Here are some ways to get down payment assistance:
Think Outside the Box
There are many places you may seek assistance for a down payment on your new home:
· City Grants: Check with your city for local assistance programs.
· Employer Grants: Some employers offer grants just for working at their company.
· Non-Profit Organizations: Research non-profits; some provide financial assistance to first responders and other groups.
· Local Churches: Some church organizations offer down payment assistance to their members.
Down Payment Assistance Programs
Connect with a mortgage professional at Supreme Lending to explore the various down payment assistance programs available in your area. These programs are often designed to help first-time homebuyers and those with limited income. Still, there may be options for higher-income individuals as well.
Contact Us
Your dream home may be closer than you think! Contact us today to discuss what loan options are available for getting down payment assistance and to get started on your journey to homeownership. Our team at Supreme Lending is here to help you every step of the way.
*By refinancing an existing loan, total finance charges may be higher over the life of the loan.
**Must be Veterans, Active Duty Personnel, Reservist, National Guard and some surviving spouses. VA funding fee will apply. VA funding fee can vary based on usage.