Creative Ways to Save for a Down Payment
October 31, 2024
At Silverton Mortgage, we understand that one size does not fit all. Let us help you find the right loan program for your dream home. Relax. We’ve got this.
Apply NowAt Silverton Mortgage, we understand that one size does not fit all. Let us help you find the right loan program for your dream home. Relax. We’ve got this.
At Silverton Mortgage, we recognize that home loans are as diverse as the people who seek them. We’ll work closely with you to help you find the right program to fit your unique needs. We are guided by the strong belief that communication is key, which is why we take pride in helping you through the entire loan process, from application to closing, managing all aspects in-house. This way, loans close faster, and you know what's going on every step of the way.
Buying a home can be overwhelming. There are so many financing options, offered by so many different banks, lenders, and brokers. Don’t stress yourself out trying to find the perfect product and perfect rate on your own – that’s what we’re here for! Contact us today to start a conversation about which loan option is right for you.
All LoansA Conventional Purchase is a “traditional” mortgage with as little as 3% down payment, requiring no upfront mortgage insurance fees and cancellable monthly private mortgage insurance. Both Fixed Rate & Adjustable Rate Mortgage options are available.
If you’re a first-time homebuyer and your credit score isn’t great, an FHA loan may be a great option for you. FHA loans allow for as little as 3.5% down and have options available for buyers with credit scores as low as 600.
With as little as 3% down, reduced mortgage insurance, and no minimum contribution from the borrower, this option is perfect for first-time homebuyers who may have a relative helping with the down payment.
Secure your mortgage before even finding a property! We’ll underwrite your loan and lock in your rate before you purchase your home, giving you and potential sellers the security you need to compete with cash buyers. Ask us about our on-time closing guarantee!
The Silverton Foundation’s mission is to provide a mortgage and rent assistance program to help reduce financial and emotional burdens for families with critically ill children, allowing parents to focus on their child’s health. Our goal is that when their child is ready to return after the crisis, their home and loved ones are waiting.
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