Financing Your First Home


With one of the most diverse and extensive product lines in the industry, we have mortgage products to fit a variety of home financing needs. We’ve listed some of the most popular here. To learn which loan options are best suited for your individual situation, schedule a consultation with one of our Home Mortgage Consultant. Home Opportunities SM

  • Little or no down payment required
  • Flexible income, credit and debt guidelines, including non-traditional credit histories
  • Incentives for public employees1

For homebuyers with the following consideration points:

  • High debt ratios and little savings
  • Non-traditional credit histories
  • Both documented and undocumented inc ome
  • Experienced financial difficulties
  • Qualified public employees 1

FHA Loan (Details)

  • Low down payment requirements
  • Flexible income, debt, and credit requirements to help borrowers qualify
  • Down payment and closing costs may be funded by a gift, grant or secured loan

For homebuyers with the following consideration points:

  • Homebuyers with limited savings
  • Homebuyers with low-to-moderate income

VA Loan (Details)

  • No down payment required in most cases
  • Flexible income, debt, and credit requirements to help borrowers qualify
  • Down payment and closing costs may be funded by a gift, grant or secured loan

For homebuyers with the following consideration points:

  • Qualified veterans, reservists, active-duty service members 2
  • Homebuyers with low-to-moderate income
  • Homebuyers with limited savings

Fixed-Rate Mortgage Loan

Fixed-rate mortgages give you the security of knowing your monthly principal and interest payment will not change.  Florida Home Finance Group provides a variety of fixed-rate products, with loan terms ranging from 10 to 40 years.

  • Predictable payments.  The monthly principal and interest payment is fixed over the life of the loan.
  • Protection from rising interest rates. No matter how high market interest rates go, your mortgage rate remains the same over the life of your loan.

For homebuyers with the following consideration points:

  • Prefer regular payments with no surprises
  • Have limited or fixed incomes
  • Plan to stay in their homes a long time
  • Are buying a home at a time when interest rates are comparatively low

Related Information: Fixed-rate loans backed by government agencies (such as FHA and VA mortgages).

Adjustable-Rate Mortgage

  • Interest rate that is fixed for an initial period, then adjusts periodically based on market conditions
  • Lower initial rate than with a fixed-rate mortgage
  • A variety of fixed-period options ranging from one to ten years

For homebuyers with the following consideration points:

  • People looking to increase their short-term cash flow
  • Buyers who need a larger loan amount than they can qualify for with a fixed-rate mortgage
  • Homebuyers who plan to move or refinance within a few years

1 Qualified public employees include certified, licensed or accredited teachers, healthcare workers, fire fighters, police officers and EMTs. Check with your regional VA office to see if you are eligible.

This is not a commitment to make a loan. All loans are subject to credit and property approval and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over life of loan. Reduction in payments may reflect longer loan term. Terms of the loan may be subject to payment of points and fees by the applicant. Equal Housing Lender. Corporate NMLS#18163 Licensed to originate mortgages in ID, OR ML-2304, TX residential mortgage loan originator, and UT. 2890 E Cottonwood Pkwy, Ste 350, SLC, UT 84121 | Main Office Line 8001.858.1300 | www.GraystoneMortgage.com