First-Time Homebuyer
Buying a home for the first time is often one of the most memorable events in one’s life. If you are self-employed or own your own business, the prospect of investing in and owning your own home may seem too far out of reach or in some cases, even impossible.
However, this is simply not the case. At QuestRock, we strive to provide top-notch service whether you are investing in your new home, looking to finance your business, or if you are seeking ways to consolidate your debt.
We will work to match you with a trusted and partnered real estate agent through one of our very own networks. Whether you have experience in buying homes or if you are new to the process, we are here to help meet your needs while working with any financial limitations you have.
Our specialists will work with you if you are buying a second home or if you are looking for a way to reduce your mortgage by up to 20-30%, even if you already own your own business or if you are self-employed.
Looking to gather up some additional cash and capital to grow your business or build that cabin in the world? We can help.
If you do not have a traditional credit history and financial setup, Quest Rock will work to ensure you are able to achieve your dreams as a new homeowner. Comparing loan types can help you to determine which path is right for you as a first-time homebuyer.
30-Year Fixed Rate Mortgage
A 30-year fixed-rate mortgage is typically considered a standard mortgage with a lower-than-average interest rate. Choosing a 30-year fixed-rate mortgage is optimal for those who are seeking a lower interest rate that is locked in and will not change, even with inflation and an unpredictable economy.
FHA Loan
For those who are interested in putting less money down for their new home, an FHA, or Federal Housing Administration loan may be right for you. With the approval of an FHA loan, you can put as little as 3.5% down and still move forward with placing a bid or making an offer on a home.
If you are seeking flexibility with mortgage term lengths, an FHA loan may be right for you. FHA loans are typically available in 15, 20, 25, and 30-year terms, providing plenty of options to suit your plans and future goals.
VA Loan
If you are serving in the military or if you have served and are now a veteran, consider checking into a VA loan for your new home purchase. Those who qualify for a VA loan will have the ability to purchase a home without PMI, or private mortgage insurance, or any money down.
This solution is ideal for military members and veterans who are looking to become a homeowner but do not currently have the financial means for a standard downpayment.
Which Loan is Right for Me?
With an abundance of loan options on the market, it can be difficult to tell which one is right for you, especially if you are a first-time homebuyer. At QuestRock, we will help you every step of the way to ensure you are on the right track with the best deal and mortgage rate possible.
Even if our specialists are unable to directly help you now, we can point you in the right direction at no cost. At Quest Rock, we always put our relationships before our loans. We never pull credit or require any documents to provide our clients with guidance.
Are you ready to take the first step towards becoming a first-time homeowner? Get in touch with Quest Rock to learn more about how we can help you to get started today.