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PURCHASE HOME LOANS
Finding the right home loan involves consideration of your needs, finances, and history. We are here to guide you.
FIXED RATE MORTGAGE
A fixed rate loan provides stability with a set interest rate that remains unchanged for the life of the loan, offering a predictable monthly payment. Good for borrowers who want stability and security in their monthly housing costs, especially those staying in their home long-term.
NON-QM
A Non-QM loan, or Non-Qualified Mortgage loan, is a type of mortgage loan that does not meet the standards set by the government-sponsored enterprises (GSEs) for a qualified mortgage. This type of loan is ideal for borrowers who do not meet the strict guidelines of a qualified mortgage, such as those with irregular income or a high debt-to-income ratio.
REHAB
A rehab loan, also known as a renovation loan, is a type of loan used to finance the purchase and renovation of a property. It is a good option for someone who wants to buy a fixer-upper or an older property in need of repairs and upgrades, as it allows them to combine the cost of the purchase and the renovation into one loan. Rehab loans typically offer flexible terms and may include various options for financing the renovation, making it a convenient and cost-effective way to finance a home renovation project.
VA
VA Loans offer options for veterans, service members, and their surviving spouses.The VA Loan is a Zero Down Payment loan for eligible veterans. Purchase or refinance up to 100% of your homes value with no monthly mortgage insurance.
ADJUSTABLE RATE MORTGAGE
An adjustable rate loan offers lower initial interest rates and monthly payments, making it a good option for those willing to accept the risk of rising interest rates and not staying in their home long-term. Good for borrowers expecting income growth who can afford higher monthly payments if interest rates increase.
DPA
A Down Payment Assistance (DPA) loan helps cover a portion of the down payment on a home, making homeownership easier for the borrower. DPA loans are often provided by government agencies, non-profits, or private lenders with favorable terms and can lower the amount needed for a down payment.
JUMBO
​A jumbo loan is a great option for someone who is looking to finance a high-end property that exceeds the conforming loan limit and requires a loan amount larger than what is typically offered by government-sponsored enterprises. These loans are ideal for borrowers who have a strong financial profile, including a high credit score and a significant down payment, and who are looking for a loan that offers a competitive interest rate and flexible terms.
USDA
USDA loans are designed to help low- and moderate-income individuals and families buy homes in rural areas. They are particularly well-suited for first-time homebuyers who have limited savings or who are unable to secure conventional financing.
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FHA
FHA loans are mortgages insured by the Federal Housing Administration (FHA). They are a popular option for first-time homebuyers because of their low down payment requirements and more lenient credit and income qualifications.
REFINANCE HOME LOANS
​A mortgage refinance is the replacement of an existing mortgage with another mortgage under different terms. Mortgage refinancing can lower your rate, which can add up to significant savings.
CONTACT US
Noffke Homes Address
21280 SR 410 E,
Bonney Lake, WA 98391
Katharine Moore
Cornerstone First Mortgage
Bonney Lake, WA 98391
TO SPEAK WITH A REALTOR,
PLEASE CALL OR EMAIL US:
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