Loans for the First-Time
Home Buyer in Redding, CA

Home>First-Time Home Buyer Loans in Redding

Become an educated first-time home buyer.

Buying your first home is one of the most exciting times in life. The last thing you want to do is lose that excitement because of an over-complicated loan process. While there are a lot of different options and programs to choose from, the important thing is being confident that you get an appropriate loan and that you are being supported by your lending company.

Educated first-time home buyers who have done their research are the ones who get the optimal deals. Yes, the loan process is often unique to each person’s situation, but the goal as a first-time home buyer is to build your purchasing power. We’re here to help you get there.

YOUR CREDIT SCORE MATTERS

Ever wonder why you can go online and be approved for a credit card within 60 seconds? Or get pre-qualified for a car without anyone even asking you how much money you make? Or why you get one interest rate on your home loan, while your neighbor gets another?

HAVE QUESTIONS?
YOU’RE NOT ALONE!

What are interest rates?
How much can I borrow?
What is PMI and how can I avoid it?
What are the differences in loan types?
How much do I need for a down payment?
Is my credit good enough?

What are my loan options?

FIRST-TIME HOME BUYERS HAVE SOME GREAT LOAN OPTIONS.

Beyond choosing whether you will do a fixed-rate or adjustable-rate loan, there are many loan programs designed to help the first-time home buyer. Learning the basics about each option will help you make a smart and educated decision when you are ready to apply.

Every person has different needs and factors that affect which loan is appropriate for them, so our goal at US Lending Company is to get you the loan and terms to fit your situation. These are some popular loan programs that could be great for you to explore further:

Main Loan Options

Conventional Loans

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Conventional Loans

  • Who It’s For: Borrowers with good credit.
  • Benefits: Low monthly payments, 3% down.
  • Conditions: Interest rates increase with poorer credit.

FHA Loans

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FHA Loans

  • Who It’s For: Borrowers with moderate credit.
  • Benefits: Fewer hurdles, minimize down payment.
  • Conditions: Loan limits often apply.

NEW Construction

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NEW Construction Loans

  • Who It’s For: You’re building a new home.
  • Benefits: Streamlined application & draw process.
  • Conditions: Up to 12 months to complete construction.

USDA Loans

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USDA Loans

  • Who It’s For: Borrowers looking to buy in rural areas.
  • Benefits: 0% down, low monthly payments.
  • Conditions: Homes must be in eligible areas.

VA/CalVet Loans

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VA/CalVet Loans

  • Who It’s For: Eligible US Military Veterans.
  • Benefits: 0% down, flexible underwriting.
  • Conditions: Must live in the home for 5+ years.

CalHFA Loans

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CalHFA Loans

  • Who It’s For: First-time home buyers.
  • Benefits: Low down payment.
  • Conditions: Purchase price, household income.

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Real Estate Offices trusted US Lending as their primary recommended lender.
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Real Estate Agents worked alongside US Lending.
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Clients were able to successfully complete their loan when pre-approved by US Lending.

WHICH LOAN IS APPROPRIATE FOR ME?

To help determine which loan works for your situation, we can provide plenty of advice and free information to help you find an appropriate loan. Our goal is to give you all the tools and knowledge to make an educated decision on choosing an appropriate loan.

As well as providing information online, we are also available for a free consultation that will give you an opportunity to ask us any questions about the different loan options and programs, or about interest rates, and how to avoid private mortgage insurance. To learn more about the loan process, download our complimentary home buyer guide, and start understanding your options and increasing your buying power.

SET UP A FREE CONSULTATION!