15 or 30-year fixed rate mortgages-the most common type of home loan-feature interest rates which do not change with time, and often have a lower total cost than more specialized types of mortgages. FHA mortgage loans are insured by the U.S. Federal Housing Authority and allow first-time homeowners to more easily qualify for loans and pay smaller down payments.
VA loans are guaranteed by the U.S. Veterans Administration, and carry significant advantages, such as no required down payment or prepayment penalties. USDA loans help lower and middle income families buy homes in qualifying rural and suburban areas. While many loans have maximum loan amounts that can make it difficult to buy in expensive areas, jumbo loans allow you to exceed this 'conforming' loan limit.
VA loans are guaranteed by the U.S. Veterans Administration, and carry significant advantages, such as no required down payment or prepayment penalties. USDA loans help lower and middle income families buy homes in qualifying rural and suburban areas. While many loans have maximum loan amounts that can make it difficult to buy in expensive areas, jumbo loans allow you to exceed this 'conforming' loan limit.
Services
When you make your first appointment with PMG Home Loans, you'll have to provide us with some basic information about your finances. This includes proof of income for the last two years, typically in the form of W-2s, tax returns, pay stubs, year-to-date income statements, and documentation showing any other income, such as bonus pay or alimony.
Maybe you've been in your home for a few years now, and things have changed. Interest rates may have fallen lower than they were when you financed your home, or perhaps your financial circumstances have improved due to being more established in your career. Either way, your current mortgage is a little more pricey than you would like, or maybe you have a couple mortgages that you would like to consolidate.
You may have heard the term "conventional loan" before, and wondered what it meant. A conventional loan is simply any type of home loan not offered or secured by a government entity, such as the Department of Veterans Affairs (VA) or Federal Housing Administration (FHA).
Conventional loans can also be guaranteed by one of two government-sponsored enterprises, the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac").You can find more information on conforming loans below. Fixed-rate loans are simple and east to understand.
Conventional loans can also be guaranteed by one of two government-sponsored enterprises, the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac").You can find more information on conforming loans below. Fixed-rate loans are simple and east to understand.
FHA loans allow you to make a down payment as low as 3.5%, as long as you have a credit score of 580 or better. While PMG Home Loans will work face-to-face with you to help you secure an FHA mortgage loan, FHA loans are actually insured by the Federal Housing Administration.
This is because FHA loans are designed to allow first-time homebuyers who don't have the credit or income necessary for a conventional loan to still secure a loan with a good interest rate.One of the biggest selling points of FHA loans is that, with a credit score of 580 or higher, you can make a down payment of as little as 3.5%.
This is because FHA loans are designed to allow first-time homebuyers who don't have the credit or income necessary for a conventional loan to still secure a loan with a good interest rate.One of the biggest selling points of FHA loans is that, with a credit score of 580 or higher, you can make a down payment of as little as 3.5%.
PMG offers home loans that are specially designed to meet the needs of military servicemembers and veterans looking to buy or refinance a home. VA loans are guaranteed by the Department of Veterans Affairs, which means that as a servicemember, you can qualify for lower interest rates and better loan terms than you might otherwise.
Reviews (7)
Tracy Porche
Dec 15, 2021
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Amber Thomas
Dec 10, 2021
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Katie Korte
Nov 06, 2021
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We had a wonderful experience with PMG Home Loans! I would recommend PMG to ANYONE. Michael Drake and his team are extremely knowledgeable. Michael went above and beyond to make our loan process a breeze. He patiently and professionally guided us through the entire process with attention to detail. Michael was in constant contact with us and was available to us with all of our questions. We will absolutely use PMG Home Loans again in the future!
Linda Mayorga
Aug 23, 2021
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After shopping around, and been turned down many times, Xavier convinced me to try PMG Home Loans. Believe me, its the best . Abel is fantastic; very sweet, professional, respectful. He was there for every question and doubt I had through the process. Even though it wasn't an easy loan, they pulled it thru, and I am very happy with the results. Thumbs up to the PMG Home Loans Team!
Xavier Castillo
Aug 22, 2021
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PMG is the way to go, excelente customer service. My situation was trick and special and PMG was the only mortgage company able to help me. Abel was my loan officer and thanks to his experience was able to help me get approved and buy my first house. PMG made my home loan process super easy and simple and most important where able to get it funded. Now I am in my new house all set up thanks to PMG home loans. Search no more PMG is the way to GO!!!
Jean Noutoua
Aug 17, 2021
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John Cotter
May 26, 2021
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