Buy The Home of Your Dreams

Your Trusted Home Financing Partner

Buying a home is a large investment and one of the most important decisions you’re going to make. We’re here to provide an array of financing options below for you.

Conventional Loans

The most popular mortgage for buyers with good or excellent credit scores. The government does not insure or guarantee these loans.

• Buy a home, condo, townhome
• Fixed and adjustable rates
• Borrow up to 97% to buy a home
• No mortgage insurance with down payment of 20% or more
• Low closing costs
• Maximum loan limit $726,200
• Maximum loan limit $1,089,300 (high cost counties)

First Time Homebuyer

• Purchase with good or bad credit scores
• Fixed or adjustable rates
• Finance as much as 100% to buy a home
• Loans up to $3 million

Learn more about first time homebuyer programs

Move Up Buyer

• Purchase above conforming limits
• Fixed and adjustable rates
• Borrow up to 90% to buy a home
• Jumbo loans up to $10 million
• No mortgage insurance requirement

Learn more about move up buyer options

We Offer Government Loans

FHA Mortgage

FHA loans are ideal for homebuyers who have a limited down payment and low credit scores. These loans are insured by the Federal Housing Administration.

• Fixed rate
• Requires a 3.5% minimum down payment
• Maximum loan amount: $726,200 to $1,089,300*
• Loans as much as 96.5% of the home’s value
• Requires payment of mortgage insurance premiums
• Allows lower credit scores to qualify

Learn more about FHA home loans

VA Mortgage

We’re honored to help those who serve our country. VA mortgage loans have significantly lower upfront costs than other mortgage types and are guaranteed by the Department of Veterans Affairs.

• Fixed rate
• No down payment is required
• Maximum loan: $726,200 to $1,089,300*
• Get as much as 100% financing of the home’s value
• No mortgage insurance requirement
• Offered to active duty, veterans, reserves, and military spouses

Learn more about VA loans

Buying a Home in a Suburb or Rural Area? Talk to Us

USDA Government Loan

The USDA backs loans specifically for home purchases in eligible areas.

• Fixed on a 30-year term
• No down payment requirement
• Maximum loan amount based on purchase contract or market value
• Low monthly mortgage insurance
• Borrow up to 100% of the home’s value

Being prepared financially is the first and most important step in the home buying process as it gives you negotiating power and confidence in reaching your ownership goals.

Before you start looking for a home, condo, townhome, or multi-family residence to buy, you need to get pre-qualified. All you have to do is provide some financial information to us, such as your income and how much assets you have.

Why Choose 1st Nationwide?

1. We can help determine how much you can afford.
2. We offer loan programs made for foreign buyers.
3. Our mortgage rates on fixed-rate and adjustable-rate loans are very competitive with banks and competing lenders.
4. We have experience helping buyers finance property in California, Colorado, Texas, Oregon, and Washington.

Other advantages are our “low costs” and “quick closings.”

Popular Homebuyer Questions & Answers

What would disqualify you from getting approved for a loan? To be eligible for a loan approval, you must possess a low debt-to-income ratio under 45, good credit history with scores over 620, and have sufficient liquid assets in the bank to satisfy the requirements for closing and monthly reserves.

Are Conventional loans considered strict? The conditions for a Conventional loan are considered more strict than government loans, FHA and VA, because they are not guaranteed or insured. They also have stricter debt to income ratios and a higher minimum down payment. In addition, credit score requirements are more tough than government loans.

Do Conventional loans require medical collections to be paid off? As per conventional mortgage guidelines, borrowers will need to pay open collections, regardless of whether they are medical or consumer collections.

Do sellers prefer buyers with conventional financing over FHA? Yes. Real estate agents and home sellers view an FHA loan with higher risk due to the FHA’s and VA’s stricter appraisal and property inspection requirements as well as putting in very low down payments.

How much in closing costs can be paid by the seller? The seller is allowed to pay for the buyer’s closing costs up to a certain percentage of the loan amount. It is usually between 2% to 6%. However, specific closing cost items may not be paid by the seller depending on the lender’s guidelines.