Start Your Home Purchase with Precision
We’re here to make your home-buying journey confident, clear, and precise.
Explore our extensive portfolio of home financing options
Whether you’re a first-time home buyer or seasoned investor, we have an option to achieve your goals. Are you looking to buy an existing home or construct the home of your dreams? Are you an investor needing to rehabilitate, renovate, or expand your investment portfolio? Look no further than Precision Mortgage!
Conventional
Traditional mortgage financing through Fannie Mae and Freddie Mac. Suited for clients with good credit and stable income, offering flexible terms and down payment options as low as 3%.
Federal Housing Administration (FHA)
Provides limited down payment options of 3.5% for clients with limited or marginal credit history and stable income with higher debt ratios.
Veterans Administration (VA)
A mortgage guaranteed by the Department of Veteran Affairs for military personnel, active or retired, and surviving spouses to become homeowners.
United States Department of Agriculture (USDA)
Dedicated to home buyers with moderate incomes, offering low down payment options in rural areas.

One-Time Close New Construction
A home mortgage that combines the lot purchase, construction loan, and permanent financing into a single transaction.
Investor Options
We offer traditional financing options and debt service coverage ratio loans to suit investors with established tenancy or individuals looking to diversify their financial portfolio.
Renovation Loans
For clients looking to purchase or refinance a home and include the repair or renovation costs into a single loan.
The Everyday Hero Credit
In recognition of their commitment to serving our country and local communities, all active or retired military personnel, first responders, medical professionals, and teachers will receive a $500 appraisal credit to be collected upon loan settlement.
Frequently Asked Questions
Absolutely. Consulting with a mortgage lender or broker prior to visiting open houses or scheduling a showing is critical to your success. Identifying the best mortgage product relative to your budget and credit profile enables you to shop for your new home with confidence.
Thankfully, no. We offer down payment options as low as 3%. Under certain circumstances, you may qualify for down payment assistance. Contact us to find the perfect product for your individual needs.
With two years of stable or increasing income reported to the IRS, you’re eligible for a mortgage. During your pre-approval, we’ll evaluate your tax returns to calculate your qualifying income amount.
To protect mortgage lenders from possible mortgage default, they charge a monthly premium to minimize their risk. Conversely, it allows borrowers with less than 20% down payment to achieve their dream of homeownership.
To best determine your monthly budget, divide your monthly expenses by your gross annual income. Total debts would include your estimated mortgage, car loan, credit card, and student loan payments. Your mortgage lender will use your credit report to establish your total debt payments, and typically prefers the ratio to be 43% or lower, but higher ratios are possible under certain circumstances.
It varies by product, individual circumstances, and market conditions, but we average 15 business days from application to final underwriting approval.