Homes With Trace's Purchase service equips you with diverse mortgage options, ensuring you find the ideal financing for your homebuying journey, regardless of whether you're a first-time buyer, upgrading, or investing. ere are the detailed options available for the Purchase service:

- 2-1 Buydown Loan: Reduces initial monthly payments by lowering interest rates for the first two years, making it easier for borrowers with limited funds to afford a home.
- Adjustable-Rate Mortgage (ARM): Offers a lower starting interest rate that adjusts over time, providing initial savings and increased buying power.
- Conventional Loans: Not government-backed, these loans require higher credit scores but offer competitive rates and involve lender-assumed risks.
- Down Payment Assistance: Provides essential information and support to help homebuyers manage upfront costs of purchasing a home.
- FHA 203k Loan: Combines purchase and renovation costs into one loan, backed by the FHA, ideal for renovating primary residences.
- FHA Loans: Insured by the Federal Housing Administration, these loans are favorable for Americans with lower down payments and credit scores.
- Fixed Rate Mortgage: Offers a constant interest rate and monthly payments throughout the loan term, providing financial stability.
- Jumbo Loans: Designed for high-value properties that exceed standard loan limits, requiring larger loan amounts.
- Non-QM loan: Suitable for borrowers who do not meet traditional lending criteria, offering flexibility in loan terms.
- Self-Employed Loan: Specifically designed for self-employed individuals, accommodating fluctuating incomes and non-traditional income verification.
- USDA Loan: Facilitates home purchases in rural areas, promoting economic development with no down payment requirements for eligible families.
- VA Loans: Guaranteed by the Department of Veterans Affairs, these loans offer favorable terms like no down payment and flexible credit standards for eligible veterans.

Purchase service caters specifically to the needs and ambitions of diverse homebuyers. Offering a comprehensive suite of financing options, we ensure that each client can secure a loan that best fits their financial landscape and homeownership goals. Reach out to us at Homes With Trace, and let us help you secure the keys to your future. Get started with Homes With Trace

Mortgage brokers at Independent Home Loans in Sandy, UT offer competitive rates and exceptional service for home loans and refinancing   Read More >