1st Time Buyers

If you are a new home buyer you have come to the right place.At Community Mortgage we make Home Buying Easy.We have many loan programs that will help you purchase your first home with ease.In fact you will wonder why you wasted all that money payng rent when you could have bought your own home.

Some myths about home buying,You do not need a 5 or 10 year job to buy a home.To purchase a home we just need to show 2 years of steady employment.You do not need to be on your job 2 years,just 2 years of stable employment.

You do not have to have a 700 credit score to buy a home.We are able to finance borrowers with no credit score if we can get a landlord rating,and some additional credit references like cell phone bill,insurance,ect.On FHA loans we can work with credit scores down to the 550 range for borrowers that had credit problems that were caused by problems beyond their control,job loss,illness,accident,ect.We are on your side at Community Mortgage.We do are best to see that you get Approved.

You DO NOT NEED 20% Down,Many home loans done today are Zero Down.We use FHA and FNMA loan programs that offer No Down Payment Options.FHA loans are safe 30 year fixed rate mortgages that allow the use of a Grant Program for your Down Payment.FNMA Flex 100 and My Community Mortgage are Zero Down Conventional loans that are also 30 year fixed rate Loans.None of these loan programs have pre payment penalties.You can pay off or refinance these loans at anytime.

FHA Financing is probably the easiest way to get financed today.Your total funds to purchase a home using FHA is about $1,200 spread out over 30 days.The first thing you pay for is the Earnest Money Deposit to hold the Home with the Realtors.This is normally around $250.The $250 is credited back to you at closing toward your closing costs.The next thing you pay for is the Appraisal.That normally runs around $300.That is part of your closing costs and will be collected at loan approval.The last thing you pay for is your Homeowners Insurance.That Will normally runs around $600.You will pay this to your insurance agent right before closing.If you ask the seller to pay your closing costs many times you will get money back at closing.

It is very important to contact us before you write your purchase agreement so we can help the Realtors get your Down Payment and closing costs written correctly in to your purchase for maximum benefits to you.We are experts in FHA lending and help new Home Buyers Every Day.Please let us Help you purchase your New Home.We look forward to working with you.

Community Mortgage - 5534 St. Joe Road - Fort Wayne, IN 46835
Office Phone: (260) 485-5555 Fax: (260) 485-3540 Cell Phone: 574-457-6643
Toll Free Phone: 800-333-2992

We lend in the following states: INDIANA

Equal Housing Lender