At Homestead Mortgage, we strive to offer only the best mortgage programs and services in the industry. Since the branch opened its doors in 2009, Tim Barr has been a valuable member of the team. By combining our exceptional services with a local mortgage consultant who lives right in your neighborhood, we’re confident that you will receive the personal service and attention that you deserve.
Obtaining a mortgage loan is one of the most significant financial decisions you will ever make, and it is important that you have an experienced adviser like Tim Barr to help you every step of the way. Everyone has a unique situation. Because Homestead Mortgage recognizes this, we offer an extensive mortgage program portfolio to provide you with a completely customized and personal mortgage experience.
Conventional Home Loan
A conventional loan is not part of a government insured loan program, and it conforms to the loan limits set forth by Freddie Mac and Fannie Mae’s underwriting requirements. This loan is considered the most common type of mortgage.
FHA Home Loan
An FHA loan is insured by the Federal Housing Administration (FHA), which helps people with less than stellar credit or a low down payment. This loan is for first-time home buyers, or borrowers with financial limits on what they can afford.
Jumbo Home Loan
A jumbo loan is also known as a non-conforming mortgage. This is a loan a lender like Homestead Mortgage makes for an amount that exceeds the conforming limits regulated by guidelines of Fannie Mae and Freddie Mac’s underwriting requirements.
Multi-Family Home Loan
A multi-family loan is a mortgage that’s used for purchase or refinance of smaller 2-4 unit properties, and large apartment buildings with numerous units. Multi-family home loans are great tools for both first time real estate investors and seasoned professionals.
Second Home Loan
A second home loan uses your current home as collateral, and similar to a loan you have used to purchase,. This loan taps into the equity in your current home, which you have built with monthly payments or market value increases.
USDA Home Loan
A USDA loan is backed by the United States Department of Agriculture (USDA), and designed to provide a mortgage alternative for eligible home buyers in rural and suburban areas who have limited financing options to realize their dream of home ownership.
VA Home Loan
A VA loan is guaranteed by the U.S. Department of Veterans Affairs (VA), that helps millions of veterans, active duty military members and their families to purchase homes or refinance without needing a down payment or excellent credit.