Need financing options on a home, or other real estate? Choosing a purchase loan product that matches your goals and making sure you get the best rate for your given scenario can feel like playing whack-a-mole.
We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
Here’s how our home purchase loan process works:
To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of “43/49.” This means that no more than 43% of your total monthly income (from all sources, before taxes) can go toward your new mortgage payment, and no more than 49.99% of your monthly income can go toward your total monthly debt (including your mortgage payment). VA and FHA loans even allow for higher debt ratios on a case by case basis.
The first step in buying a home is getting pre-approved for a mortgage. At Convoy Home Loans, we guide you through the pre-approval process so you know exactly how much you can afford and can confidently make offers on properties.
The ideal down payment varies depending on the loan program, but many buyers put down between 3% and 20%. Convoy Home Loans offers a range of mortgage options, including low down payment programs for qualified buyers.
Convoy Home Loans provides a variety of loan solutions, including conventional, FHA, VA, and jumbo loans. We work closely with you to determine the best fit based on your financial goals and homebuying needs.
Most home purchases close within 30 to 45 days, though timelines can vary depending on the loan type and transaction details. Our team works efficiently to ensure smooth, on-time closings for all our clients.
Yes, we offer specialized loan programs and incentives for first-time buyers, including lower down payments, reduced mortgage insurance, and government-backed options. Our team will walk you through your options and eligibility.
Convoy Home Loans combines local expertise with personalized service to help you secure the right mortgage quickly and confidently. As trusted El Segundo mortgage brokers, we prioritize transparency, speed, and long-term financial success for every client.
Convoy Home Loans is dedicated to helping other families and individuals improve their quality of living. We have the trust of our clients and partners because we earned it. We hold ourselves to the highest standards and deliver on those standards in every case.