Know before you Go: The best advice is to review options with a lender before you begin the search for a new home. Just a few of the options typically available are as follows:
- Typical 15 or 30 Year Loan at closing of purchase.
- Conventional
- FHA
- VA
- Construction to Permanent Loan
- Possible Home Equity Line of Credit (HELOC) for the /downpayment
- Potential for a Bridge Loan on current home
- HECUM Loan
Find a lender you like, trust, and that has competitive rates. It does not cost anything to get the facts and know what your purchasing capabilities will be.