With a variety of different loan programs available, it is important to choose the type of loan that will best suit your needs. The right type of Loan mainly depends on how long you plan on staying in the house and the amount of monthly payment you can comfortably afford. If you don't plan to stay in your house for at least 5 to 7 years, it will be reasonable to consider an Adjustable Rate Mortgage, Balloon Mortgage or Two-Step Mortgage. ARMs traditionally offer lower interest rates during the early years of the loan than fixed-rate loans. A Two-Step Mortgage will give you a lower interest rate than a 30-year mortgage for the first five or seven years. A Balloon Mortgage offers lower interest rates for shorter term financing, usually five or seven years. Because of a lower interest rate it is easy to qualify for these type of mortgages. However don't accept the ARM unless you can afford the maximum possible monthly payment. Generally, you can start to consider 15 or 30 year fixed rate mortgages if you plan to stay in your home for more than seven years. I have a Dream to own my own House, but I'm not sure I can afford it. Where do I start? We can help people to achieve their dream to own a House. Many people don't even consider buying a home because they're afraid they can't afford it. In the same token most people, home ownership is within reach - especially with some of the special programs for first-time home buyers. In fact, for many, home ownership is as affordable as renting - in some cases even more affordable. The best place to start is with a mortgage broker or talk to our loan officer so we can prequalify you, a process that shall determine your credit worthiness, this process will clearify the type of Loan to be offered to you. For example, if you are employed or self employed with sporatic income – we can offer you a stated-income loan. If you work but earn cash – we can offer you with a Loan without disclosing your W-2 in which you were not issued one. We understand each individual is unique – call us so we can help you decide.  Is there any downpayment grant/ assistantship available ? Yes. Please call us for more information.

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