- Meet the Team |
- Tools |
- Contact Us |
-
(724) 933-9300
First-time Homebuyers
Buying a home for the first time can be an exciting time, but it can also be a time filled with many questions and concerns. You’ll find that US Mortgage Network offers first-time homebuyers expert attention and support. We want your first home loan experience to be fantastic. We work hard to help you through the home mortgage process.
You probably have a lot of questions. We’ll do our best to answer them when you call. For a consultation about your first-time home purchase, call us at (724) 933-9300. If you would rather email, send a note to Adam Slade at Adam@usmn.com.
If you’re ready to apply for your mortgage, start your application now.
We’ve listed the types of loans we offer below. Don’t worry if you’re not sure what type of loan you want. With one phone call, we can begin figuring out your loan options and help you get closer to your dream of homeownership. We're ready to help. Have questions? You can always call us at (724) 933-9300.
Types of Loans We Offer:
New Construction
Are you dreaming of building a new home? We have great news for you: US Mortgage Network offers many types of construction/permanent loans that can help make your custom home a reality. With so many loans to choose from, new construction is a great option for many homebuyers.
With US Mortgage Network’s construction loan/permanent loan:
- Close just once on both loans (construction and permanent)
- Lock in one interest rate for both the construction and permanent loan
- Make interest-only payments during construction
- Pay land-only property taxes during construction (at occupancy,regular property taxes begin)
- US Mortgage Network disperses checks to your builder; handles construction appraisals
- Lot financing can be included in your construction loan
Need to sell your existing home first? We have unique solutions for homeowners with equity tied up in their home. Learn more today about our new construction/permanent loans. Call (724) 933-9300.
FHA Loans
An FHA loan might be right for you if:
- You have less than five percent of the home’s value as a down payment
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). The federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.
With an FHA loan, your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be rolled into the loan.
Conventional Loan (Fixed)
A Fixed Conventional loan might be right for you if:
- You like the predictability of having the same interest rate and mortgage payment terms for the life of the loan.
- You can put down five to 20 percent of the home’s value.
- You plan to stay in the home for several years.
A fixed conventional loan means you will pay the same interest rate for the length of the loan. Most conventional loans require a down payment of between five and 20 percent. If you put down less than 20 percent, the lender may require you to purchase private mortgage insurance.
Conventional Adjustable Rate Mortgage
(ARM) Loans
An ARM might be right for you if:
- You have definite plans to sell your home after a certain number of years.
- Your household income will rise after several years, and the lower ARM payment could help your household now.
- You are comfortable with your interest rate and your mortgage payment going down or up after an initial fixed term.
An adjustable rate mortgage (or ARM), has an interest rate that will change (or “adjust’) after a period of years. This rate may go up or down, so often buyers prefer the fixed rate conventional mortgage for its predictability.
ARMs generally offer a lower initial rate and monthly payment than traditional financing but are more unpredictable because of variable interest rates.
Although initial monthly payments may be lower with an ARM, it’s important to understand your loan before choosing this option.
VA Loans
A VA loan might be right for you if:
- You are a veteran (past or present).
- You do not have funds for a down payment.
VA loans offer several benefits to veterans: no down payment (in most cases); no private mortgage insurance and a negotiable interest rate, among other perks.
VA loans are available for service members (past and present) who wish to purchase a primary residence. Although the Department of Veterans Affairs (VA) does not lend money for VA loans, it backs loans made by private lenders (banks, savings and loans or mortgage companies) to veterans who qualify.
Who Is Eligible for a VA Loan?
- Veterans
- Active-duty personnel
- Reservists/National Guard members
- Some surviving spouses
TAKE IT FROM OUR CLIENTS:
Over the years, our clients return again and again to us for their home mortgage loans and refinancing needs. Read what they say about working with US Mortgage Network.
Free Mortgage Consultation
Complete This Form to Recieve a no obligation consultation. We will analyze your situation and determine the best solution.