First-time homebuyer? Looking to refinance? Another unique situation? Let's get you into the home of your dreams.
We don’t want you to feel like you’re wandering in the dark when it comes to finding the right home loan for you. That’s why we have so many illuminated loan paths for you to go down!
Between loan options for first-time homebuyers or loan options for bad credit, it’s our mission to elevate individuals like yourself and help you to unlock your full potential through finances.
A conventional loan is a mortgage that is not guaranteed or insured by any government agency, making it a little bit challenging to qualify for. But because this loan isn’t backed by the government, it often tends to be more flexible as far as properties you can choose from, fees, and loan structures available.
If you have a good credit score and the cash to put down, here are some of the benefits from a conventional home loan:
An FHA loan is a mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). FHA loans are designed for low-to-moderate income borrowers who are unable to make a large down payment or have a less than ideal credit score. As a result, this loan option is much easier to qualify for.
If you’re thinking that this loan option may be right for you, check out a few of the benefits as well:
A VA loan is a mortgage loan in the United States that is guaranteed by the U.S. Department of Veterans Affairs. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).
This is a great loan option for veterans for many reasons, but here are just a few:
A USDA loan—also known as the USDA Rural Development Guaranteed Housing Loan Program—is a mortgage loan option offered to rural property owners by the United States Department of Agriculture. This loan option is great for anyone living in the rural areas of the United States that have a lower income.
Why could a USDA loan be a great option for you? If you are below the income limits required for your county, you could benefit from:
A jumbo loan is a mortgage loan that's used for properties that go above the federal mortgage limits set by Fannie Mae & Freddie Mac. These loans are designed to finance properties that are much more expensive than the average home, so the criteria to qualify for them are much more strict as well.
Here are a few benefits of our jumbo loan program:
That’s okay—because our team is here to help guide you every step of the way. We don’t want you to feel left out in the dark, but instead to have complete clarity and transparency throughout your entire loan process.
Here at Luminate Home Loans, we truly believe in our mission and core values. We focus on people like you because we understand that character does count. We stay humble and work hard so that the lending process stays approachable and transparent every step of the way.
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NOTICE TO TEXAS CONSMERS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”