{"id":3256,"date":"2016-07-22T00:00:00","date_gmt":"2016-07-22T00:00:00","guid":{"rendered":"http:\/\/localhost\/thelakes\/news\/financing-a-home\/"},"modified":"2019-02-25T18:15:31","modified_gmt":"2019-02-25T18:15:31","slug":"financing-a-home","status":"publish","type":"post","link":"https:\/\/www.centerra.com\/the-lakes\/news\/financing-a-home\/","title":{"rendered":"Financing a Home"},"content":{"rendered":"<p>Visions of the stunningly modern kitchens, luxurious baths and spacious closets are likely the first things to come into your head when shopping for a <a href=\"\/\">new home at The Lakes at Centerra<\/a>. Before you can get into the creative and fun elements of buying a home, it&#8217;s important for homebuyers to understand how to finance a home in Loveland, CO. Below is a list of helpful information for financing homes so that you can make your dream house a reality.<\/p>\n<p>First, take a moment to do a self-financial analysis check early in your process of homeowner financing to avoid surprises:<\/p>\n<ul>\n<li>Are my credit card reports accurate, up-to-date and correct?<\/li>\n<li>What information will I need to gather to apply to finance my new home?<\/li>\n<li>What can I afford in the way of a mortgage?<\/li>\n<li>What are my loan options?<\/li>\n<li>Where do I learn more about, and ultimately shop for, a mortgage?<\/li>\n<\/ul>\n<p>Once you&#8217;ve gone through these questions, start to organize yourself by creating a personal file with your credit information, documentation of income, employment, bank accounts and IRS filings.<\/p>\n<p>After your important documents have been organized, it&#8217;s time to start researching different types of loans. Before you visit with a mortgage lender, familiarize yourself with different mortgage loans by thinking of them in terms of their problem-solving characteristics:<\/p>\n<ul>\n<li><b>FHA Loans:<\/b> If you&#8217;re working with minimal cash for a down payment or your credit history has a few blemishes, a federal government-backed loan is most likely your best choice. FHA (Federal Housing Administration) loans allow down payments as low as 3.5% along with generous credit underwriting.<\/li>\n<li><b>Conventional Loans:<\/b> If you have more than 10% or 20% to put down, these may be your best bet. Be aware that conventional underwriting rules are stricter, and banks may impose add-on fees to loans, increasing your cost. Down payments below 10% may be possible but they require high private mortgage insurance premiums.<\/li>\n<li><b>VA Loans:<\/b> For military veterans a VA loan can be a great option, as they don&#8217;t require a down payment. Note that you must be a veteran to qualify.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Once you&#8217;ve done your research, you may want to consider looking online for a home finance calculator and start crunching numbers. If you have questions about the process of <a href=\"\/\">buying a home in Loveland<\/a>, or are ready to take a tour of the beautiful model homes at The Lakes at Centerra, get started by consulting our builders&#8217; onsite home-selling specialists.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Visions of the stunningly modern kitchens, luxurious baths and spacious closets are likely the first things to come into your head when shopping for a new home at The Lakes at Centerra. Before you can get into the creative and fun elements of buying a home, it&#8217;s important for homebuyers to understand how to finance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3256","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Information about Financing a Home in Loveland, CO<\/title>\n<meta name=\"description\" content=\"Before you can get into the fun parts of buying a home, it&#039;s important for many homebuyers to understand how to finance a home in Loveland, CO.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.centerra.com\/the-lakes\/news\/financing-a-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Information about Financing a Home in Loveland, CO\" \/>\n<meta property=\"og:description\" content=\"Before you can get into the fun parts of buying a home, it&#039;s important for many homebuyers to understand how to finance a home in Loveland, CO.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.centerra.com\/the-lakes\/news\/financing-a-home\/\" \/>\n<meta property=\"og:site_name\" content=\"The Lakes - 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