Assist My Realtor’s Preferred Lender!
Victor Bals
Sr. Loan Officer NMLS# 162273
I’m here to guide you through your loan options while my expert team ensures a smooth process. You may not hear from me daily, but your loan is in the best hands. If you have any questions, I’m always available. We appreciate the opportunity to serve you!
Fast and Efficient Home Buying Process!
Get Prequalified - You will need paystubs, W2s, and bank statements. Knowing what you can afford is important to a successful home shopping experience.
Meet with a Real Estate Agent - Discuss the type of home you’re looking for, including style, price, and location.
Search for Homes - The fun part! Your real estate agent will schedule showings and help you find the perfect home.
Make an Offer - Your agent will prepare the offer based on the price and terms you choose.
Negotiation & Contract - It may take a few tries to get it just right, but hang in there. You’re on your way!
Under Contract - You and seller have agreed to the price and terms. The home is effectively held for you until closing.
Final Details - The inspection is conducted, the appraisal is ordered, and you will provide the lender with any other documents they find necessary for your specific financial situation.
Closing - This is the transfer of funds and ownership! A title company typically acts as an independent third party to facilitate the closing.
Congratulations! You are a new homeowner!
Available Loans Include:
Conventional
5% minimum down payment requirement
Seller concessions are limited to 3-9% of sales price
PMI required over 80% LTV
Additional options are available
VA
0% down payment required*
Seller concessions up to 4% of purchase price of appraised value
Loan amount based on entitlement
No MI
VA funding fee financed into loan (disabled veterans can waive funding fee)
FHA
3.5% minimum down payment required
Upfront Mortgage Insurance premium financed into the loan
No income limits
Seller concessions up to 6% of sales price
Gifts allowed
Bridge Loans
Allows borrower to purchase a new home while their current home is listed for sale or in the process of being sold
Borrowers receive cash out of their existing property prior to sale
Interest only second mortgage
6-month term
*100% financing up to the appraised value of the property
**This offer is subject to all conditions stated on the Certified Home Buyer Certificate. This guarantee is not valid if Buyer and/or Sellers choose not to close on loan or a delay caused by reasons beyond the control of USA Mortgage. This advertisement does not constitute as a loan approval or a loan commitment. Loan approval and/or loan commitment is subject to final underwriting review and approval.