Types of Purchase Loans

Streamlined Home Purchase Loans

Purchasing a home can be as straightforward as gathering the required income documents. Our goal is to simplify the process and make your home purchase journey as smooth as possible. Once you have your pay stubs, tax returns, and any other necessary documentation ready, our dedicated team will walk you through each step—from pre-qualification to closing. We’re here to ensure you feel confident and supported every step of the way, helping you move closer to owning your dream home with ease.

Different Types of Loans

USDA Purchase Program

USDA Purchase Loans are designed for eligible borrowers looking to buy a home in designated rural areas. Unlike USDA refinances—which are only available to those who have previously held a USDA loan—purchase loans open the door to homeownership for both first-time and repeat buyers. These loans offer competitive terms, no down payment requirement, and a streamlined process tailored to your financial situation and the specific property you wish to purchase.

FHA Purchase Program

FHA purchase loans offer many of the same benefits as their refinance counterparts—namely, a more competitive interest rate and lower monthly payments. Like other home purchase programs, FHA loans require that the property be your primary residence. This ensures you’re investing in a home that meets your personal and financial needs, making homeownership both accessible and affordable.

VA Purchase Program

VA Home Purchase Loans

VA Home Purchase Loans offer many of the same benefits found in Conventional and USDA programs. One of the biggest advantages is that eligible borrowers can finance up to 100% of the home’s value without the added cost of private mortgage insurance. This makes purchasing your new home more affordable and accessible for veterans, active-duty service members, and eligible surviving spouses.

Conventional Purchase Program

Conventional Purchase Loans

Conventional purchase loans offer many of the benefits found in FHA options, including the flexibility to access cash for purposes not directly related to the property itself. One key advantage is that, unlike FHA loans which are generally limited to primary residences, conventional financing isn’t restricted by property type. This means you have the freedom to purchase not only your primary home but also second homes or investment properties.

203K Purchase Program

FHA 203(k) Home Purchase Loans

FHA 203(k) Purchase Loans combine the benefits of a standard FHA home purchase with additional financing for renovations. This means you can acquire your new home and fund necessary improvements—all in one streamlined process. One major advantage is that these loans can originate from USDA, FHA, or Conventional sources. Please note, FHA 203(k) loans do not offer a cash-out option, ensuring all funds are dedicated to purchasing and enhancing your property.

Why should you consider to Finance with REC:

Simplified Mortgage Process:

Get connected with trusted lenders to explore financing options that suit your budget and goals.

Competitive Rates:

Access competitive mortgage rates and loan programs designed to help you save.

Down Payment Assistance:

Learn about available programs that can help you secure funding for your home purchase.

Expert Loan Guidance:

Our network of loan officers will work with you to find the best financing solution, whether you’re buying, refinancing, or investing

Our Commitment to You

Real Estate Connection strongly believes in being a dependable partner and empowering our clients to achieve their goals.

FIND THE BEST LOAN FOR ME

I want a range of

down payment options

I want to build

a new home

I want to purchase

a condo

I want a great credit,

but not a lot of money for

down payment

I want to live

in a rural area

I want don’t have a lot

of money for down payment

I AM A MILITARY VETERAN

OR AM ACTIVELY SERVING

I want TO BUY A HOUSE

THAT NEEDS SOME REPAIRS

I want a home with a price that exceeds the conventional loan limit.