At Loomis Homes, we believe that relationships are the key to our continued success and are dedicated to creating the most efficient and satisfying experience for our borrowers.

What to Expect

At Loomis Homes, we have distinguished relationships with select mortgage companies and offer affiliated title insurance and settlement services. We suggest our financing package as it presents significant value to our client’s home buying experience, but there are many other options out there you should also consider. The most common are:

FHA Loans

FHA, or Federal Housing Administration, loans allow down payments as low as 3.5 percent with generous credit underwriting. This type of loan is great if you have minimal cash to make a down payment and there are a few flaws in your credit history.  

VA Loans

If you are a veteran, you will qualify for a VA loan. These require no down payments and are generally limited to areas with small populations and can possibly have income restrictions.

USDA Rural Development Loans

USDA loans allow for low down payments with close to zero down.  In order to be eligible for many USDA loans, household income must meet certain guidelines. Also, for the home to be purchased, it must be located in an eligible rural area as defined by USDA.

Conventional Loans

If you have more than 10 percent or 20 percent to put down, a conventional loan may be your best option. The only downside to these loans is the rules tend to be stricter and banks are known to impose add-on fees which increases your cost.

What’s Next?

Let’s start building!