Begin your Home Buying Journey
We recognize that every family has different needs in their home buying journey. Depending on your circumstances, one home loan may be better than another. Fellowship Home Loans has many years of experience in helping get home purchasers into their dream houses.
When you decide to purchase a home, you’ll have several things to consider from price, location, features, home loans and more. As mortgage lenders, we take a number of factors into consideration when looking at your mortgage application. Though we do everything we can to seek out the lowest rates and most favorable terms for those who come to us for help while purchasing a house, there are a few things you can do on your own before the mortgage loan qualification process begins to help get you the home of your dreams.
Different types of home loans we offer: FHA Financing
Federal Housing Administration (FHA) Financing provides a safe and affordable loan option for homeowners.
Why should you choose FHA Financing?
- Lock in a low 30-year fixed-rate
- 580 minimum credit score
- Bankruptcy eligible – as recent as 1 year with extenuating circumstances
- Quick and easy approval and closing process directly with Fellowship Home Loans
- No pre-payment penalty
Fixed Rate Conventional Loans
The ideal option for stability. These are best if you want a reliable payment over a very long period of time with no surprises.
Fellowship Home Loans will give you lending advice as to whether this loan option is right for you. There is peace of mind with a fixed-rate conventional loan since you will make the same payment every month for the duration of the loan.
Community Lending Programs
The Community Lending program was established to reinforce our commitment to our local growing community. This program was designed with the intent to help make homeownership more affordable and achievable with buyer incentives and more flexible guidelines.
Along with other benefits, the Community Lending program helps you with preferred pricing, reduced payments, lender credits and low down payments. At Fellowship Home Loans, we are committed to your community’s growth. Check with us to see if your neighborhood is eligible for this program!
Trade Up to Your Dream Home
Fellowship Home Loans is here to help you buy.
Whether your family is getting bigger and you need the extra room, or you are looking at a vacation house to get away from it all, our home trade up programs are tailored to your needs.
Are Adjustable Rate Mortgages Right for You?
- Do you plan to stay in the home for less than 5 to 7 years?
- Are you located in a high interest rate environment?
Most adjustable rate mortgages offer a low introductory rate that is fixed from 1 to 10 years and then adjusts either annually or every six months during the remaining life of the loan. Adjustable mortgage rates can go down as rates fall over time.
Some adjustable rate home loan programs come with a lifetime cap on the rate.
If you can afford to Rent, you can afford to buy
This is the truth, and we will help you make the absolute best decision empowering you to make the move!
Whether your family is getting bigger and you need the extra room, or you are looking at a house to get away from it all, our programs are tailored to your needs.
The Goal of Homeownership is Within Reach
Unless you need to move often for work or you’re not sure what the next few years will bring, homeownership is a better path than continuing to rent. Instead of paying monthly rental fees to a landlord, you can put that money towards a new home, allowing you to increase equity and start building a stable future for your family.
Homeownership is the American dream, and there’s no reason to automatically assume that dream is out of reach because you can’t afford a 20% down payment or don’t qualify for a conventional mortgage. We can help you explore options, including FHA loans and other government-funded assistance programs.
There is no wrong time to buy a home. If you’re ready to start looking for the perfect property, Fellowship Home Loans can help you understand your financial options. We’ve helped countless families find the homes of their dreams, we want to help you, too.
Featured Highlights of
Home Purchase Loans:
Holistic Home Buying Solutions
In the dynamic world of real estate, having a trusted advisor as your loan officer can make all the difference. Your Nationwide Mortgage Bankers Loan Officer serves as your experienced guide, providing valuable insights, tools, and information to ensure you’re always one step ahead in your home-buying journey. Whether it’s understanding credit details, choosing between mortgage options, or getting clarity on market trends, we’ve got you covered.
Our comprehensive platform doesn’t just stop at providing information. With interactive tools, calculators, and dedicated support, every question or concern you may have is promptly addressed, ensuring a seamless home-buying experience.
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How long is the typical home buying process?
This can vary widely based on individual preferences and market conditions. It can be weeks or months depending on the intricacies of your unique circumstances. Although the duration from application to move-in may fluctuate, our dedication to ensuring you’re prepared for any home loan scenario remains unwavering. We’ll work with you to apply online, get approved, and be ready to make a compelling offer when the perfect opportunity arises.
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How much down payment do I need?
While many believe a 20% down payment is standard, options exist that require as little as 3-5%, depending on the loan type. There are even loan types that are eligible for a 0% down payment. Make sure to consult with your NMB loan officer to find out which option is right for you.
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Can I proceed without a real estate agent?
Yes, but having an agent can offer invaluable insights and simplify the process. They are an advocate for you and your family in a sometimes extraordinarily complex transaction. It’s never a bad idea to have good council in your corner.
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What's the difference between pre-approval and pre-qualification?
Pre-approval involves a thorough financial assessment by the lender, whereas pre-qualification is a preliminary evaluation. A Pre-approval therefore carries more weight when you go to make an offer on a home. Make sure to check with your loan officer to position yourself to make the strongest offer when you find the ideal home.
Turning Dreams into Reality
Every home has a story, and every homeowner has a journey. Our platform ensures a journey with clarity, confidence, and care. As you embark on this thrilling journey, rest assured that we will guide you every step of the way, ensuring that each decision brings you closer to your dream home.
Ready to take the next step? Connect with a Nationwide Mortgage Bankers (NMB) Loan Officer today and let’s transform your vision into reality.
Ready to learn more about Home Purchase Loans or explore your options? Get started today!*
*All product information represented on this page is subject product guidelines and can change at anytime. It is for educational and informational purposes only and not a commitment to lend. Please contact your Fellowship Home Loans Loan Officer today to get the latest product guidelines and guidance on what loan programs fit your unique financial picture and goals.
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