The Many Loan Options for Home Buyers

Gavin Ekstrom pic

Gavin Ekstrom

With over 20 years of experience helping people with their mortgages, Gavin Ekstrom serves as senior area manager at Citywide Home Loans in Colorado. Since he began in 2010, Gavin Ekstrom has built the company from a single employee to more than 175, over five locations.

There are many different options available to those seeking a loan for their first home. Conventional loans often require a down payment of around 5 percent as well as reasonably good credit, but there are many ways to get a homeowner’s loan that Citywide can help with.

State bond programs offer a low-cost loan option with low interest rates that may be more accessible to many people than a conventional loan. There are also mortgages available that are insured by the Federal Housing Administration (FHA) that tend to have lower down-payment requirements as well as flexible terms, so many people who may not qualify for a conventional loan could find this option very attractive.

The US Veterans Affairs office can provide longer-term loans with favorable terms to veterans as well as to those in active service and surviving spouses. If your home is under construction, special loans are also available that can help finance the home being built. Citywide works to ensure that people find a loan from these options and others, so that they can comfortably invest in their own home.


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