[cs_content][cs_element_section _id=”1″ ][cs_element_row _id=”2″ ][cs_element_column _id=”3″ ][cs_element_gap _id=”4″ ][/cs_element_column][/cs_element_row][/cs_element_section][cs_element_section _id=”5″ ][cs_element_row _id=”6″ ][cs_element_column _id=”7″ ][cs_element_text _id=”8″ ][/cs_element_column][/cs_element_row][cs_element_row _id=”9″ ][cs_element_column _id=”10″ ][x_icon type=”l-coins” icon_color=”hsla(0, 0%, 0%, 0.58)” bg_color=”” icon_size=”50px” bg_size=”50px” bg_border_radius=””][cs_element_accordion _id=”12″ ][cs_element_accordion_item _id=”13″ ][/cs_element_accordion][/cs_element_column][cs_element_column _id=”14″ ][x_icon type=”l-warehouse-alt” icon_color=”hsla(0, 0%, 0%, 0.58)” bg_color=”” icon_size=”50px” bg_size=”50px” bg_border_radius=””][cs_element_accordion _id=”16″ ][cs_element_accordion_item _id=”17″ ][/cs_element_accordion][/cs_element_column][/cs_element_row][cs_element_row _id=”18″ ][cs_element_column _id=”19″ ][x_icon type=”l-money-bill-wave” icon_color=”hsla(0, 0%, 0%, 0.58)” bg_color=”” icon_size=”50px” bg_size=”50px” bg_border_radius=””][cs_element_accordion _id=”21″ ][cs_element_accordion_item _id=”22″ ][/cs_element_accordion][/cs_element_column][cs_element_column _id=”23″ ][x_icon type=”l-truck-container” icon_color=”hsla(0, 0%, 0%, 0.58)” bg_color=”” icon_size=”50px” bg_size=”50px” bg_border_radius=””][cs_element_accordion _id=”25″ ][cs_element_accordion_item _id=”26″ ][/cs_element_accordion][/cs_element_column][/cs_element_row][/cs_element_section][/cs_content][cs_content_seo]Mortgages 101

What Can I Afford?

To determine how much you can afford, analyze the percentage of your monthly income going toward debts. Your remaining income after all debts and taxes must cover living expenses, savings goals, and emergency funds.

Loan Types

Read More: Conventional Loans, Jumbo Loans, FHA Loans, VA Loans, USDA Loans

Down Payment Options

A common misconception is that you must have 20% of a home price for a down payment to purchase. Tradition Mortgage offers multiple mortgage products for require far less than 20% down; sometimes as little as 3% down!

New Construction Financing

Building a new home doesn’t have to be complicated when it comes to your financing. Tradition Mortgage offers internal funding for both construction loans and permanent financing.[/cs_content_seo]