Suburban Mortgage Company Welcomes You
Are you in the market for your first home? Congratulations on the next big step in your life.
Suburban Mortgage Company can help you get the funds you need as well as help you get the information
you need with all the steps you need to take.
Consumers need to get pre-qualified for a loan before looking for a home and Suburban Mortgage
can provide you with the loan you need to secure your first home.
Suburban Mortgage Company can provide first-time homebuyers with a network of mortgage brokers
and licensed lenders that will take their application, process your loan documents, and see the
loan through each phase.
Suburban Mortgage Company specializes in the following services:
• First Time Homebuyers Programs
• First Time Homebuyers Loans
• First Time Homebuyers Grants
• First Time Homebuyers Assistance
• First Time Homebuyers Mortgages
• First Time Homebuyers Guides
• First Time Homebuyers Tips
Buying a house requires a down payment, which can be anywhere from 3% to 20% depending on the type
of the loan. Suburban Mortgage can help you get down payment assistance. Click on apply and a lender
will provide you with the needed information.
Securing your new home will require closing costs. These charges are for services related to the
closing of your property transaction. Such services can be mortgage insurance fees, title policy
fees from the title insurance company, escrow fees from the company conducting the transaction,
and homeowners insurance. Suburban Mortgage can help you find a lender who can give you an actual
estimate of these costs and information about loan programs that can help you with your closing costs.
Loans can have points. A point is a loan origination fee that is equal to 1% of the amount of
the loan. With the interest rate they comprise the yield on your loan for the lender. Lenders
may charge a higher interest rate and charge no points. Suburban Mortgage will help you find a
lender to make sure your loan has a competitive rate.
First-time homebuyers can have a loan with 2 types of rates, a fixed rate or an adjustable
rate. The one you choose will depend on the current mortgage rates. For higher interest
rates, an adjustable rate might be a better option. If interest rates are low, consumers may
want to take advantage of the current rate and not be threatened with a possible increase in
interest rates. We can help you determine which is the better option after taking all your
factors into consideration.
There are two types of loans. Government loans are Federal Housing Administration (FHA)
and Veterans Administration (VA). An FHA loan has both fixed and adjustable interest rates.
VA loans have fixed rates. Conventional loans have interest rates that may be fixed or
adjustable. These loans are available up to 97% loan to value.
Once you have decided to buy your first home, Suburban Mortgage can help you find the best
loan customized to your needs. We will assist you in every process and help explain the
We provide online mortgage calculators to help you get in control
of your financing process and explore your options to assist you in making the right decision for you.
Fill out the quick rate form to receive a rate quote from a licensed lender
or a participating mortgage broker.
Suburban Mortgage -- your source for first-time buyer home loans and other loan information in:
Click on the banner below to apply for a Suburban Mortgage Company loan.