Welcome Home 2020 Blog photo

Mortgage rates are still very attractive! Buyers are looking for the best mortgage rates they can find, and existing homeowners might even consider refinancing. Whatever your needs, we have a loan product to help you get the home you're dreaming of.

Download the Welcome Home Program information flyer here.

If you are a low- to moderate-income household, we can contribute to your down payment or closing costs with our Welcome Home Program grant. These grants are available on a first-come, first-served basis, and applicants must be in contract before we can submit your request for funds. It usually takes four to six weeks for approval.

The limit is $7,500 for homebuyers who are honorably discharged veterans, active-duty military personnel, reservists, or surviving spouses of service personnel. For all other homebuyers, the limit is $5,000.

You qualify if your total household income is below county income limits; you must contribute $500 of your own funds; and if you are a first-time homebuyer, you must complete a homeownership counseling program. Qualifying properties include those that have one to four units and are used as the homebuyer's primary residence. Some manufactured homes may be eligible. An appraisal and HUD plate (the metal certification label affixed to the outside of manufactured homes) will be required at the time of funds reservation to verify eligibility.

If you don't qualify for The Welcome Home Program, don't worry. To help make the home buying process easier, VacationLand offers conventional mortgage loans, jumbo loans, second mortgage loans, VA loans, USDA loans, and vacation home loans. You'll find our rates and terms very flexible and competitive, with low down payment options. Interest may be tax-deductible (consult your tax advisor) and payments by payroll deduction are available. We'll help you with the pre-approval process by determining what you can comfortably spend on your monthly mortgage, so you're only looking at properties within your budget.

Get a head start with our Financial Empowerment Program on Mortgage Loans, which has important information you will need for the mortgage application process. Click on each type of loan to learn which will suit your needs.

We're here to help with refinancing options, too. For existing homeowners, refinancing is a good idea if you can reduce your interest rate by at least 2%, although some lenders say a 1% savings is enough incentive. Are you looking to lower your monthly mortgage payment or reduce the length of your overall mortgage? These are excellent reasons to contact one of our mortgage specialists today.

Whether it's our Welcome Home grant program, a traditional mortgage loan, or refinancing your existing mortgage, get more details on the application process by calling Trisha or Jennifer, our professional lenders at 419-625-9025. They'll help make the pre-approval process a snap.