Purchase
Take the stress out of home buying
Buying a home can have all kinds of emotions; excitement, stress, anxiety, joy, satisfaction. The home loan process should work in concert with your goals. Everyone is different. At GenPoint Mortgage we’ve seen 10’s of thousands of scenarios. Let our expertise take the stress and guessing out of home buying.
SHARE DETAILS
Provide us your specific information to start the process. Apply on our link above. Our experts will review and set you of for the next step.
GET PRE-APPROVED
This step is a must in today’s real estate market. This lets everyone involved that you are a serious buyer.
FIND YOUR HOME
Now that the loan is done. You can go buy a home. We’re here to assist you and your realtor or builder secure your home!
CLOSE LOAN ON YOUR HOME
Whether it’s your first home, a second home and investment property. There is nothing quite like finalizing your purchase.
How We Work
GenPoint Mortgage has lender experts that can answer your questions. Guide you to the right loan program. Make sure you get the best rate available to you! Making the payment affordable and within your budget. We also focus on short term and long term goals. Not every home is the forever home.
Buying real estate is a great way to create true wealth. We use our extensive experience to make sure we are setting you up for your life goals. We have loan monitoring software that allows us to make sure you are aware of all market conditions in the future as well.
Frequently Asked Questions
Answers to common questions about home loans.
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.
Once you are under contract to purchase a home and a closing date has been set, you can choose to lock in or float your interest rate. Your loan officer will provide guidance and discuss your options at the right time.
There is no fee for obtaining a pre-approval initially. However, appraisal fees will be incurred if you decide to proceed with your loan application.