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Not sure which loan is right for you?

With down payment options available as low as 3%, now is the time to take that big step with a first time home buyer loan. From conventional, FHA, VA, to 203K loans, let’s talk about your unique situation and find the low down payment option that works best for you.

Buying Your First Home without the Hassle

You’ve got this. We will help make it happen. Buying your first home can seem like a very daunting task, but with Pizarro Mortgage Banking we take all stress out of the equation. We’ll walk you through first time home buying 101 and ensure that you understand everything as a new home buyer.

Signs You’re Ready to Buy a Home

It’s the American dream, becoming a homeowner. But how do you know if you’re ready or if it’s even for you? Not everyone may want to own a home and that’s fine, but for those who do, it’s good to start planning early.

A tip we recommend at Pizarro Mortgage Banking is to start taking steps to improve your bad credit, if it will be a problem when ready to buy a home. Having steady employment and enough saved for the down payment means that you are well on your way to becoming a first time home buyer.

How Much How Can I Afford?

As a first time home buyer you’ll want to form a budget, and your down payment savings will help determine how much home you can afford. Different loan options offer various down payment requirements which help determine your monthly payments and overall interest on the life of the loan.

Some options, such as FHA Loans are more flexible with your credit score or history and allow you to buy a home for as little as 3.5% down. Other options, such as conforming loans which have a standard maximum limit, may be able to help you get a lower rate.  For properties that are typically too expensive for a conforming loan, there are jumbo loans which grant a higher maximum. We’ll help you determine which loan option makes sense for your situation.

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