Purchasing

Purchase

Buying a home can be a stressful process, but choosing a lender and a mortgage shouldn’t be.

At Insight Loans, we understand that our role is to facilitate, not complicate, your home buying experience. We’ve devoted ourselves to providing clients with the lowest rates, the best mortgage products, and the most personalized service in the industry. Our friendly, professional mortgage experts take the time to answer all of your questions and guide you smoothly from application to closing.

If you aren't already working with a top realtor in your area - ask us and we can refer you to one.  We work with a network of experienced real estate agents in your area that would love to help you.

We also offer "Fast and Easy" pre-approvals.  If you haven't been pre-approved yet, contact us and we can get it done fast.  You should be pre-approved prior to making an offer on a home.


FHA

FHA loans are mortgage loans that are insured by the Federal Housing Administration (FHA). The federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.

FHA programs are great for first time home buyers and experienced home buyers alike. Some of the benefits of FHA programs include:

  • Down payment requirements as low as 3.5%
  • Relaxed credit and income requirements
  • Can be assumable
  • The ability to include the costs of home improvements.

If you have a less than excellent credit profile and or are seeking to put less money down than FHA financing may be for you.

VA

VA loans are mortgage loans designed for service members, veterans, and eligible surviving spouses. The Department of Veteran Affairs guarantees loans for VA-approved lenders in order to reduce the risk of loss if the borrower defaults on their mortgage payments.

VA programs offer many advantages to those who qualify. Some of the benefits of VA programs include:

  • No down payment requirement 100% financing
  • Relaxed credit and income requirements
  • Can be assumable
  • Mortgage insurance is not required

If you are a service member, veteran or eligible surviving spouse than VA financing may be for you.

USDA

USDA loans are mortgage loans designed to assist low to moderate income rural homebuyers achieve home ownership.

USDA programs are designed to assist low to moderate income rural homebuyers achieve home ownership. Some of the benefits of USDA programs include:

  • No down payment requirement 100% financing
  • Relaxed credit and income requirements
  • Minimal mortgage insurance

If you are seeking a home that is in an eligible rural location than USDA financing may be for you.

Conventional

Conventional loans are mortgage loans designed for individuals with excellent credit profiles. These programs have stricter credit and income qualifications.

Conventional programs are designed for individuals with excellent credit profiles. These programs have stricter credit and income qualifications. Some of the benefits of conventional financing include:

  • Down payment requirements as low as 5%
  • Mortgage insurance not required with 20% down
  • Mortgage insurance will end once 20% equity is reached
  • Mortgage insurance is usually less when compared with FHA financing
  • The ability to include costs of home improvements

If you have an excellent credit profile and in a position to make a larger down payment then conventional financing may be for you.

JUMBO

JUMBO programs are designed for those seeking financing that extends above the county loan limits set forth by Fannie Mae and Freddie Mac. If you are not located in a high cost area as determined by Fannie Mae and Freddie Mac and are looking for financing in excess of 417,000 than a jumbo program may be for you


Need Help?

Have any questions or just ready to get started?

Open Today 8:30am EST - 6:00pm EST



Insight Loans
27780 Novi Rd. #210, Novi, MI 48377
500 N. Commercial St #502, Manchester, NH 03101
8000 IH-10 West, Ste. 600 San Antonio, TX 78230
734 West Port Plaza, Ste 216, St. Louis, MO 63146


Top Rated Lender




View Reviews

Follow Us