Manage your loan in one spot!
Calculate payments easily
Securely scan & upload docs from your phone
Message your loan officer instantly
Get updates as you go
Manage your loan in one spot!
Calculate payments easily
Securely scan & upload docs from your phone
Message your loan officer instantly
Get updates as you go
Financing a home loan with The Jordan Dobbs Mortgage Team means closing your mortgage on time with less hassle. Whether you are a first time buyer or a seasoned homeowner, purchasing a home can very quickly become a stressful process rather than a joyful one. We take the stress off of your shoulders by walking you through the process, every step of the way. We find the best options and programs to fit your unique needs.
When you are deciding on a home purchase loan, you want freedom to choose the interest rate, monthly payment, and term options.
We take into consideration all of your needs, finances, and history in order to help you choose the perfect home loan for you.
Our experience and expertise in the industry qualify us to assist you in finding the home loan financing that is best for you. Keep exploring our website to find out more about different types of loans available. We look forward to hearing from you!
Those with more intricate loan situations, including realtors, builders, and CPAs, continue to put their trust in us year after year. We are also often entrusted by other lenders with demanding deals that need to be closed fast.
With the Jordan Dobbs Mortgage Team, we always:
Crunching the numbers to figure out how much money to use as a down payment can be a daunting task, no matter whether you’re a seasoned home buyer or first-timer.
Setting yourself up for success with down payment planning is unique to every individual, and depends on your situation, personal circumstances, and preferences. There are four main facets that should be considered by all homebuyers and investors when it comes to down payments:
Keep reading to find more information on financing programs for down payments. This information, provided by The Jordan Dobbs Mortgage Team, is not meant to steer you towards or away from any particular program. Rather, its purpose is to provoke thought and careful consideration about the various options available.
Though we require only 3% down for many of our offerings, the typical down payment for a home is 20% of the cost of the home. That being said, few lenders still require 20% at closing. Assessing the pros and cons of putting down a 20% down payment can help you decide whether this is the correct option for you.
Pros:
Cons:
All of this being said, it is possible to buy a house with no down payment! There are several government-backed loan options available, including VA loans and USDA loans.
Additionally, various types of loans have different down payment requirements. For example, minimums for conventional loans range from 3-5%, depending on credit score, financial history, and other factors. FHA loans, however, can require anywhere from 3.5-10% (also depending on financial history and credit score).
The bottom line is, there are a wealth of options available to homebuyers when it comes to down payments.
Though lower down payments make it easier for homebuyers to produce the amount needed for a down payment, there are, as with every solution, negatives and positives.
Pros:
Cons:
At the end of the day, the size of your down payment should be a carefully thought out decision. Though lenders will walk you through the process and qualify you for a specific loan amount, that qualification level may be vastly different from the amount at which you feel the most comfortable.
This is why it is always best to do your own calculations and research prior to consulting with a loan officer.
The Jordan Dobbs Mortgage Team can help guide you through the loan process. We will get you pre-qualified for free before you even find your new home and we can match you with a trusted real estate agent through our partner networks. Our variety of loan options allow you to buy your first home with very little down and we will work to ensure the loan payments meet your unique needs.
We have helped thousands of clients get into their first homes. Speak with one of our experts to find out more and see if you qualify!
FHA Loan
Perfect for the buyer that wants to put less money down. Purchase your house with as little as 3.5% down!
30-Year Loan
The most secure loan program. Lock in a low payment and sleep tight knowing your rate will not change.
VA Loan
An amazing deal for veterans and military members. Those who qualify for this loan can purchase with no down payment and no PMI. Find out if you qualify today!
Not sure which program is right for you? Contact the Jordan Dobbs Mortgage Team today! We can get you pre-qualified and find you the loan that best meets your needs. Find out how you can get pre-qualified today!
A dream home is within reach. The Jordan Dobbs Mortgage Team can find the right loan to help you buy and finance a second home loan or investment property. Our pre-qualification process will ensure you are ready to buy and we can assist in finding a real estate agent in your area!
We have helped thousands of clients get into their dream vacation homes and buy lucrative investment properties. Speak with one of our experts to find out more.
30-Year Loan
Take advantage of low rates by locking into a low payment with a traditional 30-year loan
15-Year Loan
Get the same security of a 30-year fixed rate mortgage, but pay your mortgage off in half the time.
Get Pre-Qualified
Increase your bargaining power by getting pre-qualified with us today.
Not sure which program is right for you? Contact us today! The Jordan Dobbs Mortgage Team can get you pre-qualified and find you the loan that best meets your needs. Find out how you can get pre-qualified today!
Determining how much you can realistically afford to borrow before you start looking at homes to purchase will help you avoid falling in love with a home that falls just out of reach financially. Use the calculator below to get a good idea of a price range that works. At the same time, make sure the total monthly payment looks comfortable for you too.
Use our calculator below to determine how much home you may be able to afford.
Jordan Dobbs
Vice President & Senior Loan Officer
NMLS ID # 1053709
Manage your loan in one spot!
Calculate payments easily
Securely scan & upload docs from your phone
Message your loan officer instantly
Get updates as you go