Centerville, MA

Homestead Mortgage, LLC

Headquarters Office

1600 Falmouth Road, Suite 2

Centerville, MA 02632

Meet Camille, 24 years old and a Cape Cod homeowner! 

Like many of you, Camille had over $20k in student loans, and credit cards with balances in good standing. Camille had a steady income. Camille had a low-down payment.

 

Thanks to Homestead Mortgage, Camille is now out of the often-over-priced Cape Cod rental rat-race and owns her own home, along with many others!

 

Have you explored buying vs. renting here on Cape Cod? Do you have a similar situation? Have a steady income, bills in good standing? Can't justify paying outrageous prices for a property that isn't your own?  It might be easier to achieve owning than you think.

 

Let us explain!

Income

If you have a job or steady source of income, you’re off to a great start. If you’re able to pay your rent on time each month, this could be easier than you might think.

 

Assets

You rarely need a 20% down payment. There are many programs that will work with 5%, 3.5%, and in some cases, even 0% down. As well, closing costs can sometimes be paid by lenders, sellers, or come from gifts or grants. So, if you think you’re out of luck because you don’t have tons of cash, no worries. Chances are still good there’s a solution that may work.

 

Credit

If you pay your bills on time and have avoided major issues like bankruptcy, foreclosure, short sales, and judgments, it’s likely your credit is in good shape. Requirements will always vary, but there can still be reasonably flexible loan options, such as the FHA loan guarantee programs.

 

That’s it.

These three items are the fundamentals of mortgage lending. Exceptions will exist, but don’t be fooled into thinking the process is impossible. For those who work and pay their bills, there may not be a whole lot standing in the way of homeownership.

Drop us a line, someone will reach out and help discuss your options.

We're here for you, and we're here to help!

Equal Housing Opportunity

NOTICE: This is not a commitment to lend or extend credit. We arrange loans, we do not lend. Information and/or data is subject to change without notice.
All loans are subject to credit approval. Homestead Mortgage, LLC | MA & CT  Broker License #: MB153492 | Licensed by the NH Banking Department #:14996-MBR  | FL Broker Lic. #MBR1549 | PA Licensed by the Department of Banking of the Commonwealth of Pennsylvania - PA Broker Lic #69631 | Rhode Island Mortgage Broker Lic #:20183665LB | ME Broker Lic#153492 | NC Broker Lic#B-186379 | Homestead Mortgage, LLC NMLS ID# 153492  

NMLS Consumer Access
National Association of Mortgage Brokers
National Reverse Mortgage Lenders Association