Financing Options

 
Everyone’s situation is different. Insight Financial works with you to find the best loan program to meet your individual needs. Here are highlights of finance options for your new purchase:  

Conventional Mortgages

   Our most popular way to finance

• Offer 0% down options
• Available on single-family homes and most townhouses and condominiums
• Offer both Fixed Rate Mortgages and Adjustable Rates Mortgages (ARM)
• Parents can purchase a property as a second home, investment property, or as a co-borrower with their child.
• Offer flexibility to fit a multitude of financing scenarios
• Mortgage Insurance can be avoided in many cases.

FHA

   Pros & Cons

• Offers low 3% down payment which can be a gift from an acceptable source
• Offers both Fixed Rate Mortgages and Adjustable Rates Mortgages (ARM)
• Available on single-family homes and approved townhouses and condominiums. The FHA approval process for condominium loans is stricter than with conventional loans.
• The loan is in the student’s name as the owner occupant with the parent as co-borrower.