Home Purchase Center from Lend America

If there's a will, there is a Lend America way to your new home

By now you've probably heard all the reasons why you can't buy a home. Now let our Lend America mortgage experts tell you all the ways you can! Anyone can afford to buy a home even if you have past credit problems or have been turned down by other lenders. See how you can buy with one of our many home purchase mortgage products.

Use Government Insured Financing to Achieve Your Goals

Lend America insures its mortgages through the world's largest mortgage insurer, The Federal Housing Administration (FHA). We are FHA-approved and one of the largest regional lenders. Our staff has over 20 years experience; we make the decisions and cut the red tape. Our program has the following great features:

Lock in a low 30-year fixed-rate.

No minimum credit score required, explainable credit challenges permitted.

Bankruptcy eligible - as recent as 1 year with extenuating circumstances.

Purchase a home with zero cash in most cases using a Liberty Grant!

Quick and easy approval and closing process directly with Lend America!

No pre-payment penalty.

Loans are insured by the Government but issued directly by Lend America.

See HUD.gov for more information on FHA loans.

Buy a home with little or no cash out-of-pocket!

With our exclusive Liberty Grant and the use of Government Insured financing guidelines, you can buy a home with little or no cash out-of-pocket!

Lend America has been the only lender chosen by the not-for-profit, community development corporation, Nehemiah Corporation of America, to offer the Liberty Grant to provide gift funds for those who need additional money in the pursuit of homeownership.

We are proud to be a part of this amazing opportunity because the Nehemiah Corporation has helped over 225,000 individuals and families get into the home of their dreams with payment assistance and homeowner counseling to reduce the fear and cut out the red tape of buying a home.

The Liberty Grant is not limited to first-time homebuyers. Anyone can qualify.

If you qualify for an FHA loan, you automatically qualify for the Liberty Grant!.

Liberty Grant offers a gift of up to 2.25% of the home purchase price toward your closing fees.

There are no credit or income qualifications for the grant.

Liberty Grant is a true gift with no repayment of gift funds.

Everyone is included - even if you have the money for a down payment we prefer that you keep most of it for reserves.

If you can afford to rent - YOU CAN AFFORD TO BUY!

Think of all of the advantages of owning your own home:

1) Fire your landlord! – When you own it's your home, not a house!
2) Build equity – you'll now build equity with every payment!
3) Market Value Increases - Studies have shown that over the long run, the best investment is your own home. While you are at work, so is your home-appreciating in value.
4) Pride of ownership - Homeowners live better, maintain their homes better, and are active in their community, not to mention that kids are happy playing in their own backyard!
5) Peace of mind. We all need to feel rooted
6) Tax deductions – Let the government "chip in" with you to own your home!

The biggest obstacle to owning a home is the down payment and the closing costs. That obstacle is removed when you finance your home with Lend America. At Lend America we have combined the use of Government Insured financing with Homeownership Grants available through a Not-for-Profit Corporation committed to promoting affordable housing.

Trade up to a larger home or purchase that dream vacation home

Lend America is here to help you buy more home than you already have. Whether your family is getting bigger and you need the extra room, or you are looking at a house to get away from it all, our programs are tailored to your needs.

Get a low payment without high risk

Try Lend America's Interest-Only Mortgage. When you call one of our lending experts, we can put you into a mortgage where for a fixed number of years you pay just the interest. Since you can prepay as much of the loan as you want, every time you pay down some of the balance, you actually lower your interest cost from that point forward. Best of all, your rate can be fixed for the entire life of the loan, so there will be no surprises.

Low payment for up to 10 years.

Comfort of a Fixed Rate.

Easy Qualifying.

Pay Option Loans: Choose the Payment That's Best for You

Manage your money the way you like with our Pay Option Loans. Your monthly statement comes with a choice of payments. Pay a low adjustable rate payment and defer your interest until later, or pay one of the fixed-rate payments to speed up your term and save on interest. Then there is the option to pay an interest-only payment. Best of all the alternative payments are available every month.

Ideal for people who have seasonal jobs and find it hard to pay that high fixed rate payment every single month, especially when their income is lowest.

Investment property owners like this loan because they want the optional low payment during vacancies.

Self-employed borrowers love this loan because it helps them manage their cash flow.

Those whose income is increasing love this loan because they can afford the home that they want and make a low payment at the same time.

Whatever the reason, Lend America gives you the flexibility to make your own decisions based upon your lifestyle.

Take a Little Longer to Pay Back Your Loan or Lower Your Fixed Rate Payment

Consider one of Lend America's extended term loans. Let us help you find a solution. You can finance a larger mortgage over 40 or even up to 50 years! Gone are the days when your term was capped at 30 years. Breathe easy and know that you have time on your side when you fix your rate for half a century.  

Fixed Rate Loans Offer Stability

They are best if you want a reliable payment over a very long period of time with no surprises. The peace of mind of a fixed-rate loan will offset the slightly higher payment over the long term. When rates are very low, refinance into a fixed-rate loan to lower your monthly payment or convert the uncertainty of an Adjustable Rate to a reliable fixed-rate.

But don't be fooled if you locked in a low fixed-rate first mortgage already. If you have a large Home Equity Loan or high interest credit cards that are not fixed, they are already going higher and refinancing them all into a fixed-rate loan will save you thousands in the long term.

An Adjustable Rate Mortgage May Be Just What You Need!

Most ARM products offer a low introductory rate that is fixed from 1 to 10 years and then the remaining life of the loan adjusts either annually or every six months. Our ARM programs come with a lifetime cap on the rate. This means that your rate will never go higher than a certain amount even if the rates skyrocket. There is a ceiling on how much you can possibly pay.

ARM loans are good if you:

Plan to stay in the home for less than 5 to 7 years.

Are in a high interest rate environment because the rate goes down when rates fall over the years.