Buying a Home
In the past people shopped for a home using a real estate agent and didn't involve the lender until after a house was selected. Today, there's a much smarter way to shop. Get AKRIDGE REALTY, Inc. involved with you and your agent from the start.
AKRIDGE REALTY, Inc. can help you determine how much home you can afford so you and your agent know your price range immediately. In addition we can:
- Pre-approve you for a loan – a valuable negotiating tool when you're bidding on a home
- Provide rate protection that holds a rate for you for up to 30 days while you shop for a home and locks it in for an additional 45 days (60 days for FHA and VA loans) during the loan process**
Here are seven steps we recommend for selecting and purchasing a new home. Follow them and your home buying experience will go a lot smoother. You'll be closing before you know it.
- Determine your price range
- Get pre-approved for a loan
- Protect your rate
- Select a real estate agent
- Shop for a home
- Make an offer
- Complete the purchase
Mobile Homes / Vacant Land
Purchase / Refinance
- Singlewides and Doublewides (on land, any age!)
- Manufactured/Modular Homes
- Equity Credit for newer homes
- No minimum square footage
- No foundation requirements
We consider each individual's financial situation and offer many financing options.
Specialty Loans
Unusual collateral is not so unusual at AKRIDGE REALTY, Inc. We provide financing for:
- Log homes
- Berm homes
- Dome homes
- Unwarrantable condominiums
- Hobby farms
- Mixed-use properties
- Unusually zoned properties (rural, agricultural, industrial, etc)
- Non-owner occupied properties
- Alternative heat/Energy source
- Small square footage
Mortgage Loan Program
Conventional 30,25,20,15,10 year fixed or ARM's
- Commercial Loans
- FHA 30 and 15 year fixed rate mortgages
- Jumbo 30 and 15 year fixed or Adjustable Rate Mortgages
- VA 30 and 15 year fixed
- Purchase and Refinance Loans - at the best competitive rate 100% Purchase - Home Improvement and Construction Loans
- Multi-family Loans
- Hard Money Loans
- Non-Owner Occupied purchase and refinances
- No Doc Loans / No-income verification
- Self employed OK
- Bad Credit, No Credit, Bankruptcy
- Debt Consolidation loans / Cash - Out Loans
- Second Homes / Vacation Homes
- Mobile Homes / Manufactured Home
- Second Mortgages
- Condo/Town homes
- Vacant Land
- Rural Properties
Low and/or No Down Payment Programs:
Whether you are a first time homebuyer or prefer to make a low down payment, AKRIDGE RELATY, Inc has several loan programs that will enable you to purchase a home.
- 3% Down Payment Program
- No Down Payment Program
- First Time Homebuyer Programs
- Up to 102% Financing/Rural Loan
Loan Programs for Special Needs:
Not all borrowers are alike or have the same lending needs. AKRIDGE RELATY, Inc offers customized loan programs to fit almost any need.
- Self Employed Borrower Programs
- Expanded Program Parameter Programs
- Programs for Borrowers with past credit problems
- Lot Loans
- Construction Perm Loans
AKRIDGE RELATY, Inc. welcomes troubled homeowners, bankruptcy clients, first time home buyer, those who are self-employed, on fixed incomes or commissioned. We won't hassle you. Our E-Z qualifier system will give you answers right away. We encourage all applicants to apply regardless of past credit history.
Residential
- Vacant Land
- Purchase / Refinance / Get Cash Out
- Unlimited Acreage
- Value for every single square foot
- Hunting Property
- Unusual Zoning
There's no need to leave vacant land out to pasture! We can help secure your dream retirement, vacation or hunting property. Our vacant land loans include financing for multiple parcels and unlimited acreage with up to 90% loan-to-value with approved credit.
Commercial
Loans from $50,000 to $100 million.
We have Commercial Loans to value to 90%
We have Hard Money Loans with No Credit
NO APPRASIAL FEE on commercial loans from $50,000 to $500,000!
- Automotive
- Bed and breakfast
- Light Industrial
- Mixed-Use
- Mobile Home Park
- Office
- Retail
- Self Storage
- Warehouses
- Churches
- Apartment Complexes
- Hotels
Refinancing
When does it make sense to refinance?
In most cases people refinance to save money. This occurs either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed rate loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. However if you are looking to save money, try this calculation:
- Calculate the total cost of the refinance
- Calculate the monthly savings
- Divide the total cost of the refinance (#1) by the monthly savings (#2). This is the “break even” time. If you own the house longer than this, you will save money by refinancing.
Since refinancing is a complex topic it is wise to consult a mortgage professional such as AKRDIGE REALTY Inc.
