Purchase Loan

Overview

A purchase loan is the most common home financing scenario: a buyer borrows money from a lender to acquire a property, then repays the loan over time — typically 15 or 30 years. The right purchase loan depends on the property type, your down payment, your credit profile, and your long-term plans.

As a broker, my job is to look at your full picture and pair you with the lender and program that fits best. That might be a Conventional, FHA, VA, Jumbo, or one of many specialty programs I have access to.

Who it's for

First-time buyers
Move-up buyers selling and re-buying
Buyers of second homes or investment properties
Self-employed borrowers who need a non-traditional income approach

What's typically reviewed

Credit history and score
Income documentation (W-2s, tax returns, or alternative — depending on program)
Asset statements showing down payment and reserves
Employment verification
Property type, occupancy, and appraisal

This is a general description, not a guarantee of approval. Specific requirements vary by lender and program. Final qualification is determined during underwriting.

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