Home Loan Options
Whether you're a new or seasoned homebuyer, Domain Mortgage offers a variety of mortgages to fit your needs.
Select the edit icon to edit your custom html
FHA loans are ideal for first-time homebuyers seeking a loan with a lower down payment. This loan is also a great consideration for those who have a higher debt-to-income ratio and are looking to finance with as little cash down as possible.
FHA loan benefits include:
-
Down payment as low as 3.5%
-
Purchase or refinance loan options available
-
Seller may contribute up to 3% of the sales price towards closing costs
-
Allows down payment and closing costs to come from gifts
-
Fixed-rate options available
Estimated payment of $63.21 per $10,000 for a 30-year loan with an Annual Percentage Rate (APR) of 7.61% and a fixed rate of 6.5%.
Sample "Estimated Payment per $10,000" listed does not include taxes, insurance and similar items, if applicable. Actual payments will be higher.
Select the edit icon to edit your custom html
VA loans supply special financing options for military service members, veterans and their surviving spouses. A VA loan is guaranteed by the U.S. Department of Veterans Affairs and provides eligible service members an opportunity to purchase a home.
VA loan benefits include:
-
No down payment for qualified veterans, active duty personnel, reservists and eligible family members with full entitlement
-
Purchase or refinance loan options available
-
Allows closing costs to come from gifts or be paid by seller
-
Fixed-rate options available
Estimated payment of $63.21 per $10,000 for a 30-year loan with an Annual Percentage Rate (APR) of 6.932% and a fixed rate of 6.5%.
Sample "Estimated Payment per $10,000" listed does not include taxes, insurance and similar items, if applicable. Actual payments will be higher.
Select the edit icon to edit your custom html
Conventional loans are one of the most popular loans used today and are ideal for those with good or excellent credit. This type of loan typically follows conservative guidelines for credit scores, minimum down payments and debt-to-income ratios. It's available for vacation, rental and primary residences and is perfect for those seeking to make a larger down payment or refinance.
Conventional loan benefits include:
-
Low closing costs
-
Purchase or refinance loan options available
-
Fixed-rate options available
- Recasting of principal-and-interest payment allowed with additional down payment of $10,000 or more
Estimated payment of $66.53 per $10,000 for a 30-year loan with an Annual Percentage Rate (APR) of 7.456% and a fixed rate of 7%.
Sample "Estimated Payment per $10,000" listed does not include taxes, insurance and similar items, if applicable. Actual payments will be higher.
Select the edit icon to edit your custom html
Jumbo loans are designed for homebuyers looking to finance a property that exceeds the guidelines of the Federal Housing Finance Agency's conforming loan. Jumbo loans exceed the amount of $726,200 and can be used for primary residences or vacation homes.
Jumbo loan benefits include:
-
Down payment as low as 5%
-
Fixed-rate options available
-
Float-down option available
Estimated payment of $66.13 per $10,000 for a 30-year loan with an Annual Percentage Rate (APR) of 7.419% and a fixed rate of 7%.
Sample "Estimated Payment per $10,000" listed does not include taxes, insurance and similar items, if applicable. Actual payments will be higher.
Select the edit icon to edit your custom html
VA jumbo loans supply special financing options for military service members, veterans and their surviving spouses interested in higher-valued homes. Traditional jumbo loans often require a higher credit score and larger down payment. However, similar to VA loans, VA jumbo loans offer an opportunity for eligible service members to use their benefits to purchase a home with little-to-no down payment.
VA jumbo loan benefits include:
-
Little-to-no down payment for qualified veterans, active duty personnel, reservists and eligible family members with full entitlement
-
Purchase or refinance loan options available
-
Allows closing costs to come from gifts or paid by seller
-
Fixed-rate options available
Estimated payment of $63.21 per $10,000 for a 30-year loan with an Annual Percentage Rate (APR) of 6.932% and a fixed rate of 6.5%.
Sample "Estimated Payment per $10,000" listed does not include taxes, insurance and similar items, if applicable. Actual payments will be higher.
Select the edit icon to edit your custom html
ARM loans have interest rates and payments that change periodically throughout the life of the loan. The loan initially has a lower interest rate and is available at a fixed rate for the first five years.
ARM loan benefits include:
-
Down payment as low as 5%
-
Seller may contribute a portion of closing costs; however, amount depends on loan-to-value ratio
-
Float-down option available
Estimated payment of $59.92 per $10,000 for a 30-year loan with an Annual Percentage Rate (APR) of 4.953% and a fixed rate of 4.875%.
Sample "Estimated Payment per $10,000" listed does not include taxes, insurance and similar items, if applicable. Actual payments will be higher.
Select the edit icon to edit your custom html
100% financing mortgage loans can help borrowers realize their dream of buying a home without having to save for a down payment. This type of loan allows you to finance the entire purchase price of a home with no down payment.
100% financing mortgage loan benefits include:
-
No down payment
-
Seller may contribute up to 3% of the sales price towards closing costs
-
Allows closing costs to come from gifts
-
Fixed-rate options available
Estimated payment of $58.36 per $10,000 for a 30-year loan with an Annual Percentage Rate (APR) of 5.823% and a fixed rate of 5.750%.
Sample "Estimated Payment per $10,000" listed does not include taxes, insurance and similar items, if applicable. Actual payments will be higher.
Select the edit icon to edit your custom html
100% financing medical professional loans provide practicing or newly licensed physicians, medical residents, dentists and surgeons the opportunity to finance the entire purchase price of a home.
100% financing medical professional loan benefits include:
-
No down payment
-
Seller may contribute up to 3% of the sales price towards closing costs
-
Allows closing costs to come from gifts
-
Fixed-rate options available
Estimated payment of $58.36 per $10,000 for a 30-year loan with an Annual Percentage Rate (APR) of 5.823% and a fixed rate of 5.750%.
Sample "Estimated Payment per $10,000" listed does not include taxes, insurance and similar items, if applicable. Actual payments will be higher.
Select the edit icon to edit your custom html
Land loans offer a means of financing a plot of land upon which you later plan to build a home. This type of loan is riskier for lenders, so their qualifications tend to be more demanding. Plus, you typically have to pay a slightly higher interest rate. However, with a quality credit score and promising debt-to-income ratio, you may qualify for lower rates.
Land loan benefits include:
-
Down payment as low as 20%
-
Seller may contribute up to 6% of closing costs
-
Float-down option available
Estimated payment of $91.99 per $10,000 for a 15-year loan with an Annual Percentage Rate (APR) of 7.549% and a fixed rate of 7.375%.
Sample "Estimated Payment per $10,000" listed does not include taxes, insurance and similar items, if applicable. Actual payments will be higher.
Select the edit icon to edit your custom html
Investment loans are suitable for buyers who want to invest in rental houses, condos or townhomes. If you’ve ever thought of going into the rental property business, an investment loan can help. Although these types of loans may have stricter qualifications and slightly higher interest rates, there is potential for long-term returns in the form of monthly payments from tenants.
Investment loan benefits include:
-
Down payment as low as 20%
-
Seller may contribute a portion of closing costs, amount depends on loan-to-value ratio
-
Float-down option available for select terms
Estimated payment of $83.71 per $10,000 for a 15-year loan with an Annual Percentage Rate (APR) of 6.185% and a fixed rate of 5.875%.
Sample "Estimated Payment per $10,000" listed does not include taxes, insurance and similar items, if applicable. Actual payments will be higher.
Begin your homebuying journey today.