Luminate Home Loans, Inc. 2

NMLS#

20295

About

Luminate Home Loans, Inc. 2

The John McGrath Team, led by John McGrath himself, is a part of Luminate Home Loans and offers affordable home loans in New Hampshire and beyond. With over 15 years of industry experience, John McGrath brings a wealth of knowledge to the team. Their focus is on providing personalized service and expertise to every customer, ensuring that they receive the best mortgage product tailored to their needs. The team is dedicated to delivering an amazing experience throughout the home buying journey. With a 5-star online rating and thousands of positive client reviews, they have built a strong reputation. They offer a simple four-step process, starting with discussing the customer's goals and timing, followed by filling out the application and getting pre-approved, and finally embarking on the home search. Located at 3 Executive Park Drive, Suite 260, Bedford, NH 03110, Luminate Home Loans can be contacted at (603) 819-1307.

Loan programs at

Luminate Home Loans, Inc. 2

Luminate Home Loans, Inc. offers the following loan programs:

1. Conventional Loans: These are traditional mortgage loans that conform to the guidelines set by Fannie Mae and Freddie Mac. They typically require a down payment of at least 3% and offer fixed or adjustable interest rates.

2. FHA Loans: Backed by the Federal Housing Administration, FHA loans are popular among first-time homebuyers. They require a lower down payment of 3.5% and have more lenient credit requirements compared to conventional loans.

3. VA Loans: Specifically designed for eligible veterans, active-duty service members, and their spouses, VA loans offer competitive interest rates and often require no down payment. They are guaranteed by the Department of Veterans Affairs.

4. USDA Loans: These loans are intended for rural and suburban homebuyers with low to moderate incomes. USDA loans offer low or no down payment options and competitive interest rates.

5. Jumbo Loans: Jumbo loans are available for home purchases that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. These loans are ideal for higher-priced homes.

6. Adjustable-Rate Mortgages (ARMs): ARMs have an initial fixed interest rate for a certain period, typically 3, 5, 7, or 10 years, after which the rate adjusts periodically based on market conditions.

7. Refinance Loans: Luminate Home Loans offers refinancing options to help homeowners lower their monthly mortgage payments, shorten their loan terms, or consolidate debt.

Note: The availability of loan programs may vary based on individual eligibility and location. Contact Luminate Home Loans, Inc. directly for more information about these loan programs.