For both lifestyle and monetary reasons, the financial strength homeowners create when buying a home is unmatched. Having a permanent residence with a fixed mortgage payment eliminates the costs of rising rent and the need to relocate every few years.
What are the benefits of Purchasing a Home?
Learn more about why you should consider Home Ownership:
Financial Stability
Tax Benefits
As a homeowner, you may qualify for several tax deductions that aren’t available to renters, this means less required to pay and therefore more money in back in your pocket! For more information on the tax benefits of homeownership, be sure to ask your Bydand mortgage advisor how you can take advantage today.
Sense of Community
Buying a home allows you to establish roots in a neighborhood, creating long-lasting connections with neighbors and others in the surrounding community. Settling down in a neighborhood can provide a deeper level of support, security, and therefore peace of mind for you and your family.
Not sure what Type of Loan you'll need?
There are a variety of loan options available, but how will you decide what is best? This is where the professionals at Bydand Home Loans shine. Your personal mortgage concierge will provide custom tailored home financing solutions that best suit your needs, and be right there alongside you throughout the entire process.
Conventional: Fixed & ARM
- 100% Financing Available
- Min Down: 3% w/PMI
- Min Down: 10% w/no PMI
- FICO Credit Score: 620+
- Debt-To-Income Ratio less than 50%
- Primary, Secondary, Investment
- Gifts Funds Allowed
FHA: Fixed & ARM
- 100% Financing Available
- FICO Credit Score: 500-579 (10% down)
- FICO Credit Score: 580+ (3.5% down)
- Debt-To-Income Ratio less than 57%
- Primary Occupancy
- Gifts Funds Allowed
VA: Fixed & ARM
- 100% Financing Available
- Minimum FICO Credit Score: 500
- Debt-To-Income Ratio less than 60%
- Primary Occupancy
- Gifts Funds Allowed
Jumbo: Fixed, ARM & I/O
- 90% Financing up to $2Mil
- 80% Financing up to $3Mil
- FICO Credit Score: 680+
- Debt-To-Income Ratio less than 45%
- Primary, Secondary, Investment
- Gifts Funds Allowed
Bank Statements: Fixed, ARM, I/O
- 90% Financing: $100k – $3Mil
- FICO Credit Score: 600+
- Debt-to-Income Ratio less than 55%
- 3, 12, 24mo. Personal/Business Statements
- 2-4YR Self-Employed History
- Owner Occupied, Second Property, First-Time Buyer
- Single-Family, Condos, PUDs, 2-4 Unit, Townhomes
Investment: Fixed, ARM, I/O
- Debt Service Coverage Ratio .75-1.5+
- 80% Financing up to $2Mil
- Qualify Based on Rental Income
- Debt-to-Income Ratio less than 55%
- Single-Family, Condos, PUDs, 2-4 Unit, Townhomes
- Non-Owner Occupied Only
- PERFECT For: AirBNB, Second Home, Investment Rental
Stated Income: Fixed, ARM, I/O
- Residential & Commercial
- Invest 1-4 Units, Multi-Family 5+ Units
- Commercial: Retail, Office, Warehouse, Storage, Automotive
- Loan to Value Max: 75%
- Fico Score: 600+
- Full Doc or No Doc
1099/VOE/P&L
- Loan to Value Max: 80%
- 1099s: 1-2yrs, Income calculated on 12/24mo. average
- Written VOE, 2mo. Statements, 2yr. History
- P&L: Must own 50% of business, most recent tax returns
See why more homeowners say ``Bydand Is Better!``
Some of the more popular reasons for our raving 5-Star client reviews:
Top-Rated Service
Our Mortgage Advisors provide a concierge-style experience to all of our clients. We provide professional insight and advice to get you the best possible loan for your needs. We’ll work closely with you throughout the entire process. Our motivation is your complete satisfaction.
Modernized Approach
At Bydand Home Loans, we’ve invested heavily in our technologies, which allows us a competitive edge over other mortgage companies. Our user-friendly mobile app allows for simplified accessibility to your application, real-time status updates, and empowers you to conveniently scan and upload documents.
Lightning-Fast Funding
Our attention to details and meticulous efforts for our clients, eliminates a lot of the time consuming back-and-forth that comes with the loan application process. We work hard to ensure you are funded within 14 days!
Don't take our word for it, Read Our Reviews.
See why countless Bydand Home Loan clients recommend us to their friends and family, and return for all of their purchase and refinancing needs.
Stop Wondering, Get Pre-Qualified Today!
Take advantage of our fast and FREE Home Purchase Qualifier tool to see what you can afford. There’s no pull or impact on your credit, simply answer a few questions, and get an immediate live response. Don’t wait any longer to fulfill your dream. Secure your future, build generational wealth, become a homeowner today.
Homeownership can help you increase your net worth over time.
According to U.S. census data, home equity and retirement accounts combined made up more than 60% of a typical household’s wealth. And those who owned rather than rented had a median net worth more than 80 times greater than the median for renters
Still Have Questions? Let's Talk.
Buying a home is one of life’s major decisions. Being cautious, inquisitive, or wanting to educate yourself further is a great sign of character. Bydand Mortgage Advisors are here to answer any questions or concerns you may have. There’s no obligation, so what are you waiting for? Give us a call or schedule one today! Or shoot us a message below, we’d love to hear from you.
