We Are STRONG
Strong Home Mortgage provides first-rate home mortgage services as well as mortgage financial literacy on LinkedIn, Facebook, and Twitter. We're veteran-owned and licensed in 29 states plus Washington DC. Our team of seasoned professionals is passionate and eager to help. Enjoy single point-of-contact communications on your home mortgage for fewer handoffs, more availability, better dialogue, and a smoother closing. For today's homebuying market, we offer home loan types to assist first-time homebuyers and premium buyers, plus a useful $6,000 on-time closing guarantee.
Prepare for home buying success.
Where to Start as a First-Time Buyer?
There are many considerations when shopping your first home. There’s the location, overall style, number of bedrooms/baths, and so much more. For a mortgage lender to discuss a loan, you’ll need: 1. property value (could also be your budget), 2. property type (e.g. single family), 3. location (zip code), 4. loan term (e.g. 30 vs. 15 years), 5. range of credit score(s) (e.g. excellent is 740+).
STRONG HOME MORTGAGE seeks to expand your home buying knowledge and preparedness to help bridge the gap to more experienced buyers in the market. Next steps for FIRST-TIME BUYERS include:
HomeReady® from Fannie Mae and HomePossible® from Freddie Mac are designed to help low-income borrowers with fair credit (>620 former, >660 latter) to purchase a home. Down payment is just 3%, with cancelable mortgage insurance. Explore detailed similarities, differences, and requirements below.
Federal Housing Administration (FHA) loans offer less restrictive credit parameters and as little as a 3.5% down payment. U.S. Department of Veterans Affairs (VA) loans are reserved for active military personnel, veterans, and eligible surviving spouses. Enjoy no down payment or maximum loan amount.