Congratulations! You're ready to buy a home
Mortgage Home Purchase Loans without the Hassle!
Need financing options on a home, or other real estate? Choosing a purchase loan product that matches your goals and making sure you get the best rate for your given scenario can feel like playing whack-a-mole.
We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with a pre-approval letter request.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The Home Purchase Loan Process
Here’s how our home purchase loan process works:
- Complete our simple mortgage pre-approval letter request.
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Do I Qualify?
To qualify for a mortgage, many lenders typically impose strict debt-to-income ratio (DTI) restrictions, often around “43/49.” This means that no more than 43% of your total monthly income (from all sources, before taxes) can be allocated to your new mortgage payment, and no more than 49.99% can go toward your total monthly debt (including your mortgage payment). However, at Paramount Residential Mortgage Group, Inc., we offer more flexibility. With VA and FHA loans, we don’t have strict DTI restrictions, allowing for higher ratios on a case-by-case basis. Additionally, VA loans don’t have minimum credit score requirements, ensuring more opportunities for our clients.
- Fixed Rates
- Adjustable Rate Mortgage (ARM)
- Conforming Loans
- Jumbo & Super Jumbo Loans
- FHA, VA, & USDA Loans
- Terms from 5 to 30 Years