Lincoln Purchase Mortgage

Within the City of Lincoln, NE there are many choices when it comes to buying your home. The most common and popular Purchase Mortgage programs are the 30-year and 15-year conventional home loans. These programs have great interest rates, straightforward underwriting, and reasonable PMI, and if you have 20% down, there is no mortgage insurance requirement. It is also very flexible, with minimum down payment requirements as low as 3%.

FHA mortgages offer a great option for a first-time home buyer to purchase a mortgage. With a low down payment and more relaxed underwriting guidelines. Also, FHA allows non-traditional credit, such as insurance, utilities, and rental history, for borrowers with little or no credit history.

The VA mortgage is often the best route for our veterans and current service members. With low mortgage interest rates, no downpayment requirement, and zero monthly mortgage insurance, it is a great program.

Finally, there is a USDA program for those outside the city limits. This allows a home buyer to purchase a home with zero percent down and very attractive interest rates.