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Purchase Loan

Financing to help you buy your next home.

Whether buying a first home, upgrading to a larger space, or purchasing an investment property, a purchase loan can provide the financing needed to secure the right property.

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Purchase Loan Features

Purchase loans come with flexible options tailored to homebuyers' needs.

Variety of Loan Programs

Options range from conventional, FHA, VA, and USDA loans, catering to different financial situations and eligibility.

Down Payment Options

Depending on the loan type, down payment requirements can vary, with some options requiring as little as 3% down.

Fixed and Adjustable Rates

Choose what works best for your budget and goals.

Loan Term Flexibility

Purchase loans offer a range of repayment terms, from short-term to longer 30-year options.

Benefits of a Purchase Loan

Stability Over Renting

Buying a home offers long-term stability and security, eliminating the uncertainty of rising rent costs.

Build Equity Over Time

As you pay down your mortgage, you gradually build equity. This equity can be leveraged for future financial needs, including retirement planning.

Personalize Your Living Space

Enjoy greater freedom to customize and renovate your home to fit your lifestyle.

Tax Benefits

In many cases, homeowners can take advantage of tax deductions on mortgage interest, potentially reducing tax liability.

Expert Guidance for Homeownership

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Let A and N Mortgage guide you through the home-buying process with personalized support and years of experience.

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loan FAQ

Loan Program

Frequently Asked Questions

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Some loans will allow you to secure just a 5% down payment plus closing costs. Another option is a piggy-back loan where you get approved for the first and second mortgage to avoid PMI. You could also apply for an FHA loan which only requires a 3.5% down payment.

However, your interest rate will likely be higher, and you will be required to buy private mortgage insurance (PMI).