S&A Homes is committed to making your home-buying process as simple and worry-free as possible. Here are just a few things we provide:
Perfection Through Partnership
When it comes to financing your home, there are many reasons we choose to partner with the nation’s #1 residential mortgage lender. In addition to Wells Fargo’s comprehensive loan portfolio, the Wells Fargo team is committed to service and reliability and maintains detailed knowledge of each S&A community to provide financing solutions that fit your needs.
- #1 Provider of New Construction Home Loans
- Competitive Interest Rates
- Free Individual Consultations & Estimates
- Extended Rate Locking Programs
- Construction Financing Available
Perhaps the trickiest part to buying a home is learning about the ins and outs of the financing programs that are available to you. When it comes to home loans there is no such thing as “one size fits all”. Everything from credit history to how long you want to live in a home will play a role in the loan program you decide on. Here is a guide to a few of the most popular home loans and their key features.
Fixed Interest Rate over life of loan protects home owners from inflation and market fluctuations.
Buyers must have optimal credit to secure published rates. 5% Down Payment required. May pay more in interest for peace of mind.
Lower initial payments allows purchasers to ease into payments. Great for those who will only live in the home 5-7 years.
Buyers who stay in home longer than the initial fixed period risk dramatically higher payments.
Allow purchasers with blemishes on credit to obtain loan. Only 3.5% total cash outlay required. Gift monies can be used for the entire cash outlay.
Maximum purchase limits vary county to county. Mortgage Insurance Premiums apply.
No Down Payment or Mortgage Insurance payments required. Interest Rates competitive with conventional loans. No maximum purchase limits.
Only available to borrowers purchasing in rural communities (as deemed by the USDA). Underwriting process can take longer and require more documentation than traditional loan.
Designed to ensure veterans are able to financing a home with favorable loan terms and interest rate. Allows Veteran to use gift monies for entire cash outlay.
Must provide Certificate of Eligibility. Funding Fees apply and range from 1.25% to 3%.