Mortgage Lending in Holly Springs, NC
The Sherry Riano Team
At The Sherry Riano Team, we believe everyone deserves the same level of service, no matter what type of loan you’re getting. Finding the right mortgage lender in Holly Springs, NC means that you need to understand the many types of mortgage available to pursue first.
While many other lenders leave you to wade through complicated information on loans, we believe the loan process should be the easiest part of buying a home.
That is why we offer all the information you need to understand the wide range of mortgage types, including:
- Conventional home mortgages
- FHA mortgages
- First Time Homebuyers mortgages
- Rural Development (RD) mortgages
- VA mortgages
But how do you know which of these loans is right for you? We believe that what you qualify for, and what you are comfortable with are two different things, and we always want to make sure that you choose the loan that makes you feel the most confident in your ability to afford your dream home in Holly Springs.
Conventional Home Mortgages
Do you have good credit and about 5% down to pay towards your dream home now? Our mortgage lenders in Holly Springs will tell you that a conventional home mortgage is probably the best choice for you. This will offer you the lowest interest rates and the most stable premiums over a 15- or 30-year period.
If you are a veteran or a family member of a veteran, a VA mortgage is a great option for you. Special interest rates and zero down payments make it easier for you to afford your home right from the start. These types of mortgages are affordable up front and long-term, and it only makes sense for a veteran to take advantage of them.
Rural Development Mortgages
Do you want to buy a home in a rural area? You may be surprised by the fact that many homes in the Holly Springs area qualify as rural.
If you have less-than-perfect credit, and don’t want to put down a down payment, and your dream home falls into the category of rural, the USDA Rural Housing Loan program may be right for you.
FHA mortgages are insured by the federal government. There are no income restrictions with this program and gift funds came be used for down payment. With the FHA product there is a required 3.5% down payment for the transaction. This product typically has more lenient credit requirements.
First Time Homebuyers Mortgages
If you have not owned a home in the past 3 three years (or ever) First-Time Homebuyers Mortgage may be for you. If you don’t have a huge down payment, and your credit history is bare, you can still get a mortgage. We believe you can still get a loan from us even if you’ve been turned down by other mortgage lenders in Holly Springs.
These loans typically have higher interest rates to compensate for the lower down payment requirements. This makes them slightly more expensive long-term, but it can be a great way for adults just starting out to achieve home ownership early in life.
Find Out How The Sherry Riano Team Can Help
At The Sherry Riano Team, we believe that you are not just a transaction. Our team of mortgage lenders in Holly Springs, NC put families in homes, so regardless of what you qualify for, we believe that you should get the mortgage you are most comfortable with. To find out more, get started online call us at 919-234-7415.