Let’s Get You into Your Dream Home.
When you’re ready to buy but aren’t sure which mortgage is right for you, Coast is here to help. We can explore several options with you so you make the right choice for your circumstances.
Conventional Loans
Coast offers qualified borrowers excellent conventional mortgage loans for most property types with low interest rates and a variety of down payment options. As a broker to the leading Banks we streamline the entire loan process, with fewer underwriting restrictions, a simplified process, and faster closing.
Lower Down Payment Options
Fannie Mae HomeReadyTM and Freddie Mac Home Possible are ideal for low-to moderate-income, qualified homebuyers in high-cost or underserved communities. HomeReadyTM and Home Possible offer conventional alternatives to FHA loans with competitive pricing on fixed-and adjustable-rate loans with down payments as low as 3%.
FHA, VA, and USDA Loans
Veterans, farmers, and other qualified buyers can take advantage of affordable financing options.
FHA(b) Loans
These government-insured loans enable borrowers to buy a home with a low down payment, as low as 3.5%. Often, fees can be included in the loan. Sellers, builders, and lenders can pay some closing costs, including appraisal, credit reports and title expenses.
VA Loans
Active-duty service members, veterans and some surviving spouses are eligible for significant benefits from Veterans Affairs. Benefits of VA loans include 100% financing, mortgage insurance is usually not required, qualifying terms are less restrictive, and there are refinance or finance-to-buy options available.
USDA Loans
The U.S. Department of Agriculture provides these loans to buyers in rural areas or small towns. They feature low-interest rates or no down payments, and are tailored to farmers and other qualified borrowers with low-to-moderate incomes.
Jumbo Loans
When your mortgage costs more than the conforming loan limit, a Jumbo loan may be your best option. This might be the case if you are buying in a high-cost location, purchasing an expensive or luxury home. If the purchase cost exceeds Fannie Mae and Freddie Mac conforming limits, the mortgage is considered “Jumbo.” Jumbo loans can have the same or lower interest rates as conventional loans, but with stricter approval requirements.