Finance
Conventional Loans
Conventional financing is often the preferred option for well-qualified buyers. With competitive interest rates, flexible term options, and the ability to remove private mortgage insurance once equity is built, conventional loans offer a clear path to long-term wealth accumulation.
FHA Loans
FHA financing provides an accessible entry point into homeownership with as little as 3.5% down. With more flexible credit and income guidelines, FHA loans can help buyers who may not meet conventional standards.
VA Loans for Veterans
VA loans offer one of the strongest financing structures available, including zero down payment and no monthly mortgage insurance. Backed by the Department of Veterans Affairs, this program provides competitive rates and flexible qualification standards to those who have served.
Advantages:
- Ability to remove private mortgage insurance as equity increases
- Strong long-term wealth-building structure
Advantages:
- Purchase with as little as 3.5% down
- More flexible credit and income guidelines
Advantages:
- No Down-Payment required
- No Mortgage Insurance
Licensed in WA, TX, FL
FAQs
This is the legal contract a buyer and seller enter into once the buyer’s offer has been accepted by the seller. It outlines the terms and conditions of the sale and is signed by both parties.
This is when a buyer agrees to pay a percentage of the home’s asking price into an escrow account to show the seller they are serious about buying the home. In return, the seller agrees to take the home off the market. When the sale closes this money is used towards the down payment and closing costs.
A home inspection is when a home inspector is hired to examine the home’s health, safety, and major mechanical systems. If any issues arise from an inspection, the buyer may be able to renegotiate their offer.
Escrow is a third-party process in which documents and funds are deposited by buyers, sellers, and lenders to facilitate the closing of a real estate transaction.
Closing costs are processing fees you pay to your lender. Lenders charge these fees in exchange for creating your loan. These fees include but are not limited to; underwriting fee, appraisal fee, credit report fee, title & escrow fee, recording fee, and homeowners insurance and property tax impounds.
IPM, LLC dba
IPM Real Estate
License #: 23008673
IPM Mortgage
NMLS #: 2488721
