Now, imagine that during the 60 days, another buyer wanted to buy your home. But the buyer couldn’t purchase it. Why? Because you signed a contract with the first buyer. By the time you find out the first buyer could not obtain financing, the other buyer has already bought a house! You just lost a sale. This is why it’s so important to make sure a buyer is able to obtain financing before you sign a contract. Fortunately, I work with a mortgage lender who can pre-qualify any prospective buyer or yourself for the purchase of your new home. Jason Perino at JAVA Mortgage will tell you whether you or your potential buyer will be able to obtain financing. There are several loan options Jason offers, please reach out to see what he can do for you. This is a free service. • Conventional—A conventional mortgage can lead to a low fixed rate or adjustable rate for your primary home, secondary home, or investment property. • FHA—An FHA mortgage is a great program for buyers. Its advantages are a low-down payment without private mortgage insurance. The lender process can be streamlined, with no appraisal and reduced loan documentation to qualified applicants. • VA—A VA Mortgage offers many benefits, including no down payment and lower interest rates. • USDA—These are only available in certain areas deemed “rural” by the United States Department of Agriculture. Surprisingly, many properties on the outskirts of a metro area will qualify for these loan programs. The advantages of a USDA Mortgage are lower interest rates and zero down payment.
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