Fresno, CA
Preferred Realtor in Fresno, CA
Local lender in Fresno CA Chris Merrill
Profile
As a local lender in Fresno CA, I am brokering the best loan for my borrower and lender. This is one of the many reasons why I am passionate about being a local lender in Fresno CA. Real Estate and the Mortgage Industry have been ingrained into my life growing up with our family business. My greatest strength is my accessibility to opportunities, my community, and my ability to align them. As a Mortgage Loan Originator, I am brokering the best loan for my borrower and lender. This is one of the many reasons why I am passionate about being a Mortgage Loan Originator.
Providing education and consulting throughout the entire home buying process or refinancing process has enabled me to establish strong relationships that are built on a foundation of trust and service. My team and I are committed to providing you with a great experience for your next home financing needs.
What is an FHA loan?
FHA loans are mortgages backed by the U.S. Federal Housing Administration. Lenders, such as banks and credit unions, that provide FHA loans provide funding for home purchases while requiring a lower down payment. Buyers may get into a new home with as little as 3.5% down.
As a benefit of your service, the Department of Veterans Affairs offers unique resources to help those with military experience purchase a home with a low or zero down payment. VA Loans offer flexible options as either Fixed Rate or Adjustable Rate mortgages.
VA loans are available and provide the buyer the chance to finance 100% of the purchase price of the home. This means no down payment is required. It is important to note that buyers will still need to qualify for the loan. This means that lenders will look at their credit and ability to pay the mortgage. If you are in a troubling financial position, a lender may want to see you pay down debt or save up money before they are willing to give you the loan.
You may also be responsible for closing costs, such as recording the title or paying lawyers to draw up all paperwork. This is negotiable with the seller and something to discuss with your realtor before making an offer on a home.
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