New Home Mortgage Loan

Whether you're a first-timer, or an experienced homebuyer, searching for a new home mortgage loan can be quite an intimidating task without the right knowledge. That's why the experienced professionals at Maverick Funding work closely with you to make the home purchase process an enjoyable experience. As a direct lender, Maverick Funding has access to a wide range of new home mortgage loan programs and can offer you the best rates available. When choosing a mortgage program, there are many factors to consider in order to find the best possible loan, such as:

How long do you intend to stay in your new home?

If you plan on staying in your new home for a long period of time, you may want to consider a fixed-rate mortgage if interest rates are low. If you only plan on staying for a short time, you may benefit from the lower interest rates and lower initial monthly payment of an adjustable rate mortgage. Be sure to have a general idea of how long you plan to stay in your home when choosing a mortgage program.

Make sure your finances are in order. 

Your personal finances have are important in determining not only how much home you can afford, but also the type of loan program and interest rate you qualify for. Be sure that your credit score is well maintained and you have enough saved for a down payment. But don't worry, if you only have a limited amount for a down payment or have less than perfect credit, you may still qualify for an FHA home mortgage loan.

How much can you afford? 

When considering a home purchase, one of the first steps is to determine how much you can afford. Maverick Funding offers free online home loan mortgage calculators to help you determine how much you can afford.

Getting Pre-Approved for a mortgage:

Getting pre-approved for a mortgage will allow you to know home much home you can afford and will give you a competitive edge over other buyers. A pre-approval gives you an advantage because the seller knows that you already have financing secured and the sale is more likely to close.

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