How to Choose a Loan Program

August 7, 2013

How Do You Choose a Loan Program?

There is no straight forward and simple answer to this question. How you choose a loan program is dependent on several factors. Here are a few questions that will help illustrate what information is needed in order to identify the right program for your specific home financing needs:

How long do you want to stay in your home?
How much do you have for a down payment?
Are you a military veteran?
Do you live in an eligible USDA area?
How is your credit score?
What is the purchase price of the home you want to buy?
Would you prefer fixed payments?
Would you be amenable to fluctuating payments?
How long have you been with your employer?
Do you have a stable credit history?
Do you plan to live in the home?
Do you plan to buy-to-rent?

Choose a Loan Program

The best option when choosing a loan program is to sit down with a licensed mortgage loan officer and discuss your specific situation. Major loan programs available at Inlanta Mortgage include VA, USDA, FHA, Conventional and 203k Rehabilitation Loans. The loan program you qualify for will be dependent upon how you answer many of those questions above.

Here are some links to general information regarding these major loan programs.

As you will see, these loan program guidelines are general in nature. Meeting with a loan officer will help you better understand each program’s unique benefits and qualification requirements. Use our branch locator to find a loan officer near you, or click here to apply now. If you apply now, we will forward your application to a loan officer licensed to originate in your area.

About Inlanta Mortgage – Celebrating 20 Years

Celebrating its 20th Anniversary, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is proud to be named to the Scotsman Guide Top Mortgage Lenders 2012 list and to be among the Top 100 Mortgage Banking Companies in America in 2012 and Fastest Growing Milwaukee-Area Firms.

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