Other Loan Types
You decided to build a new home instead of buying an existing house. Owning a brand-new house can offer many advantages such as higher energy efficiency, lower repair costs, and the opportunity to customize many features. If you have your eye on a newly constructed home or a home that’s nearly complete, Fairfield Home Lending can meet your needs with the support of a strong financing team along with products and programs specifically designed for newly constructed homes.
- Contact our lending professionals to determine the right loan for you
- Make a wish list, including features and locations
- View new home communities and builders in your selected price range using an experienced real estate agent to guide you
Getting a home loan for a property on the market, also known as a resale purchase, is different from the purchase of new, under-construction properties. Existing properties offer a bit more flexibility for the buyer, both in cost and location. However, there's more to the cost of a home than the listed price, and it is important to consider the need for any repairs or renovations to the property you are buying.
- Meet with our lending professionals to get prequalified for the amount you can afford
- Obtain an inspection of the property to account for future repairs and renovations
- Close the loan
When you refinance, you apply for a new home loan just as you did when you bought the house. But this time, instead of using the loan money to purchase a home, it’s used to pay off your existing mortgage. Refinancing allows you to choose the rate and loan terms on your new mortgage, so you can take out a new loan that’s more affordable or better matches your current finances.
- Set your home refinance goal
- Compare rates and fees
- Submit all documents and apply with Fairfield Home Lending
- Lock your interest rate
- Receive approval for the loan