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What loan options are available for seniors 55+ looking for a first time home purchase?

by geoffrey846 from McEwen, Tennessee. Jul 1st 2016 Reply


William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,917 contributions

Many options available, but we would need to see your complete loan profile to advise you properly. For this reason, I suggest you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. They can also put together a side by side comparison so you can see which way would be most beneficial to you.. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jul 1st 2016
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