Let us guide you with a generation of experience and the best rates in the industry.
Every generation faces home lending needs depending on where they are in their journey. With 60 years of combined lending experience, GenPoint Mortgage can guide you through whatever obstacle you are facing. We take the stress out of buying a home so you and your family can experience the joys of home ownership.
GenPoint Mortgage’s focus is on delivering the best possible mortgage rates in the industry quickly and efficiently. As a team, we have closed over $15 Billion in mortgage loans. With that kind of experience, we can help you get to closing faster and easier.
Generation Alpha:
Born 2010-2025
Generation Alpha
Alphas are too young to buy right now, but time will go by in a flash. Our future first time homebuyers can benefit from early education in good credit practices, opening saving accounts and budgeting money. We will be ready to help when you need us!
Gen Z
They are off and running; adulthood has kicked in and depending on their needs and desires, buying their first home is becoming a reality. We have the right team that can guide them step-by-step throughout the process. We have programs specifically tailored to first time homebuyers that provide low down payment options and low start rates to ease them into new homeownership.
Gen Z:
Born 1997-2010
Millennials:
Born 1981-1996
Millennials
Needing no introduction, they are the biggest generation in human history. Millennials are at the forefront of the home buying market. First home or move-up home, they insist on an experienced lender who can provide the best rates, execution, and communication available. GenPoint Mortgage can take the guessing out of the equation and provide a smooth home buying experience.
Gen X
Gen X home loan needs are as tough as this generation is – settling for nothing, but the absolute best. Purchasing a second home as lifestyles are changing or an investment property for future income can be options to think about now. They need a true professional to make their loan expectations become reality.
Gen X:
Born 1965-1980
Baby Boomers:
Born 1946-1964
Baby Boomers
There are not many generations that have accomplished what they have. Baby Boomers are in full career wrap-up and retirement mode. Our expert loan officers at GenPoint Mortgage can show you ways to use your home’s equity as a true asset.
Silent Generation
Goals for this generation vary. Home buying doesn’t have an age ceiling. If you have the right mortgage team assisting you, it can be easy. GenPoint Mortgage is the right team.
Silent Generation:
Born 1928-1945
Mike and his team are truly mortgage experts. They did an excellent job on our loan and we are definitely using them again! The loan process was simple, quick and smooth.
Mr. McBride provided top tier professional service for the closing of my single family home purchase. Mr. Mcbride and his team supplied vital mortgage information and excellent customer service.
Frequently Asked Questions
Answers to common questions about mortgage loans.
Buying a home can feel daunting with so many options and complex terminology. Take some time to familiarize yourself with the different types of home loans so you can proceed with assurance. Our mortgage rates calculator will help you determine rates and loan options suited to your needs.
Fixed-Rate Loans: These loans feature an interest rate that remains constant throughout the loan term, ensuring that your mortgage payments for principal and interest are stable. Fixed-rate loans are typically available in terms of 10, 15, 20, 25, or 30 years.
Adjustable-Rate Mortgages (ARMs): ARMs come in various forms, with the most common having a fixed rate for an initial period (such as 5, 7, or 10 years), after which the rate adjusts annually based on market conditions.
FHA Loans: Backed by the Federal Housing Administration, FHA loans require a lower down payment, making them accessible for many buyers.
VA Loans: Designed to assist U.S. military veterans and, in some cases, their spouses, VA loans offer the advantage of no down payment and are guaranteed by the Department of Veterans Affairs.
Jumbo Loans: These loans exceed the limits set by the Federal Government for purchase or guarantee, with the maximum amount varying by county.
To assess how much house you can afford, experts generally recommend that you spend no more than 28% of your gross monthly income on housing expenses and keep total debt, including housing, student loans, car payments, and credit cards, under 36% of your income.
Various home loans come with different terms and rates, with some requiring lower down payments than others. Use our straightforward mortgage loan amortization calculator to estimate your payments and help determine the maximum home price that fits your budget.
Generally, if you’ve never owned a home before, you are classified as a first-time homebuyer. Additionally, if you haven’t owned a primary residence in the past three years, you may still qualify as a first-time homebuyer. First-time buyers often benefit from significant financing options and flexibility, with down payments starting as low as 3%. FHA loans are especially popular among first-time buyers due to their low down payment requirement of 3.5%.
Pre-approval involves obtaining approval for a specific loan amount before you start searching for a home. The lender reviews your loan documents and commits to a certain loan amount. Having a strong pre-approval can give you an edge, especially if other buyers are interested in the same property.