When it comes to home mortgage loans, one size does not fit all. Your mortgage loan is affected by:

• Your credit score.
• An analysis of your ability to repay the mortgage based on the monthly payment, including property taxes and insurance on the property, plus recurring monthly expenses compared to existing and projected monthly income.
• Your liquid financial resources seasoned for 60 days prior to application.
• An independent appraisal of the property.
• A government loan—FHA, VA or FmHA mortgage—may offer:
• No money down or small cash layout
• Lower interest rates
• Long loan terms
• No prepayment penalties.

 A variety of other loan products, such as jumbo loans for more expensive purchases, are considerations too. The counsel of an experienced EBA professional will help you identify the right mortgage for your needs with the best rate and terms possible.

NAEBA-member EBAs adhere to the strictest Standards of Practice .

Before you buy, refer to our list of questions a homebuyer should ask their mortgage lending institution .