Secure a Primary Residence Loan
A Primary Residential Loan is a mortgage for a home you live in as your main residence. You can only have one primary residence, and it cannot be rented out or used as an investment. This loan typically offers lower interest rates and better overall affordability and can be used for properties such as condos, single-family homes, or co-ops.
This option is a great fit if you are:
- A first-time homebuyer
- A family looking for a long-term place to live
- A buyer who wants lower rates and predictable payments
- Planning to live in the property
Here’s what you can expect:
- Standard income documentation (pay stubs, W-2s, tax returns)
- Credit scores starting at 620
- Loan-to-Value (LTV) up to 99%
Speak with one of our loan experts and get clear answers based on your situation:
Key Features of Our Primary Residence Loans
Standard income documentation (pay stubs, W-2s, tax returns)
If you are an employee with regular income, you may already have everything you need to be eligible for this loan. For example, W-2s, pay stubs, and tax returns. Lenders primarily consider your income and its consistency. As a result, the process is typically straightforward and predictable from start to finish.
Credit scores starting at 620
One advantage of this loan is that you don’t need a high credit score, as eligibility often starts at 620. If you’ve had a few financial bumps in the past, that doesn’t automatically disqualify you. What matters most is your current financial standing. Over time, you can improve your credit and expand your loan options.
Loan-to-Value (LTV) up to 99%
With this option, you may be able to buy a home with very little money upfront! This can be a better option than waiting years to save a large lump sum. This loan helps remove that barrier by allowing financing of up to 99% of the home’s value in certain situations.
Why Homebuyers Choose Us
Guidance that actually feels human
If it’s your first time buying a home, you may feel overwhelmed. So we'll walk you through each step and explain what matters and what doesn’t.
A smoother, faster process
Unfortunately, delays and confusion are common in the mortgage process. We move efficiently so you can go from application to approval without unnecessary stress or delays.
Flexible options that fit real situations
Do not worry if you think you don't have the necessary qualifications, because not every borrower fits into a perfect box. That is a normal situation. We look at your full financial picture and help you find a loan that actually works for your situation.
Clear answers, no hidden surprises
Before making any decision, we keep you aware of the details and help you choose the best option. We keep things transparent and make sure you understand the numbers.
Support that continues beyond approval
After everything goes right and you get approved, we stay with you through closing and beyond. That’s because we will make sure everything goes smoothly all the way to the moment you get your keys.
Who This Loan Is Best For
First-time homebuyers taking the next step
If they are tired of renting and want to start buying a home of their own. A loan for primary residence is designed just for you. By having a steady income and a plan, you can move from renting to ownership.
Families looking for a long-term place to live
Suppose you desire a permanent home in your best interest. You can have consistency, stability, and a place that truly feels like home.
Buyers who want lower rates and predictable payments
Because this home is for your residence, it typically comes with lower rates and overall costs. You don’t want to have income from it, rent it, or use it as an investment. It has less financial pressure over time.
How the Process Works
Start with a quick, no-pressure conversation.
You can easily contact our experts, who have many years of experience and will guide you. We'll talk about your goals, budget, and current financial situation.
Get Pre-Approved
In the second step, we'll review your basic information and documents to determine how much you can qualify for.
Find Your Home
Based on the information from the previous step, you search for your favourite home. When you find it, you make your offer without second-guessing your finances.
Finalize Your Loan
We'll handle the details behind the scenes—something like verifying documents, finalizing terms, and preparing everything for closing. You'll stay informed throughout.
Close and Get Your Keys
It is time to be a homeowner! When everything is approved, you'll sign the final paperwork and officially become a homeowner.
FAQs
Yes, in many cases. In many cases, you can. Because what is important to lenders is employment stability rather than how long you’ve been at your current job.
Having other monthly obligations does not automatically disqualify you. Lenders review your debt-to-income (DTI) ratio, which measures how much of your income goes toward debt payments. As long as your DTI falls within acceptable guidelines, you can still move forward.
Yes, many primary residence mortgage programs allow gift funds from family members to help cover part or all of your down payment.
In most cases, yes. When putting down a small percentage, private mortgage insurance (PMI) may be required. However, the cost is often manageable and can sometimes be removed later once you build enough equity.
30–45 days. Also, pre-approval can often be completed much faster.
There may still be choices for you. Occasionally, minor adjustments, like paying off a credit card debt or fixing reporting mistakes, can significantly improve your score. A loan specialist can assess your circumstances and offer doable solutions.
As long as you intend to use the property as your primary residence, single-family homes, condos, and townhomes are frequently eligible for mortgage primary residence.
You are not locked in if your circumstances change in the future. Later, many homeowners choose to sell, refinance, or convert their homes based on market conditions and the lending policies of the time.
Ready to Get Started?
Ready to Take the First Step Toward Your New Home?
Call us now: