Home Purchase Loans
Home purchase loans in New York, New Jersey, Florida and Pennsylvania
Whether it is a Bay Ridge co-op, a Jersey City condo or a Florida second home, we shop your purchase loan across multiple wholesale lenders and hand you a pre-approval sellers and listing agents take seriously.
Key facts
- Available in
- New York, New Jersey, Florida, Pennsylvania
- Down payment
- From 3% for eligible first-time buyers on conventional loans
- Property types
- 1-4 family, condos, co-ops
- Terms
- 30, 25, 20, 15 and 10-year fixed; adjustable options
- Mortgage insurance
- Required under 20% down; removable later on conventional
Who it's for
- First-time buyers who want a clear plan before touring
- Move-up buyers selling one home and buying another
- Buyers of 2-4 family homes who will live in one unit
- Co-op and condo buyers who need a board-ready package
As a broker we are not tied to one bank's rate sheet. We compare pricing and guidelines from a range of wholesale lenders, then match the loan to the property and to you. That matters in markets like New York City, where one block can have a co-op, a new condo and a three-family, and each is underwritten differently.
Buying a 2-4 family and living in one unit is one of the most common ways New York and New Jersey buyers get in the door. Rental income from the other units can help you qualify, and owner-occupied multi-family loans allow far less down than an investment purchase.
Popular in Brooklyn
Sheepshead Bay, Brighton Beach, Coney Island, Gravesend, Marine Park, Canarsie, Bay Ridge, Bensonhurst & Bath Beach
Questions
How long does a pre-approval take?
Most complete files get a pre-approval within one business day once we have income, asset and credit documents.
Can I buy a 2-family with a small down payment?
Yes, if you will live in one of the units. Conventional, FHA and VA programs all offer owner-occupied options for 2-4 unit homes, and projected rent can count toward qualifying.
Do you work with any real estate agent?
Yes. We work with any agent, and we can also introduce you to agents we trust in your neighborhood.
Questions about Home Purchase Loans?
A licensed loan officer will walk you through the numbers, usually the same day.