Home Loans

Finding your forever home starts with securing the perfect mortgage.

Designing mortgages that suit your one-of-a-kind goals.

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(Checking your rate won't impact your credit score.*)

1 How to qualify for a home loan first-time buyer?

Qualifying for a home loan as a first-time buyer is achievable and straightforward. Factors we typically consider are your credit score, employment history, income stability, and the amount of debt you carry.


Pro Tip -

A higher credit score, typically above 620, can improve your chances of quicker approval and secure better interest rates.

Consulting our mortgage specialist can help you navigate the process easier and find the best options to suit your needs.


Here’s how

2 How to get approved for a home loan?

For a home loan pre-approval, you'll typically need to follow these steps:

  1. First, review your credit report and ensure it's accurate.

  2. Next, gather your financial documents, including pay stubs, bank statements, and tax returns.

  3. Explore the types of home loan we offer to find the one that best suits your requirements.

  4. Lastly, complete our easy to apply online application process, ensuring you provide all necessary documentation promptly.

  5. Ta-da! There you go. Lounge and sip on your drink while we get your application reviewed.

Pro Tip -

Saving for a down payment and closing costs can lead to more favorable loan terms.

Throughout the process, our team will work closely with you and provide transparent guidance to facilitate a successful approval.


Get pre-approved now

3 How do home improvement loans work?

It's pretty simple! We provide you with the funds you need to make those fantastic home upgrades. You'll repay the loan we fund you on your terms that suits your situation the best.


These funds are your ticket to transforming your home, whether it's a kitchen makeover or fixing up that leaky roof. Keep in mind, the interest rates and terms can vary depending on factors like your credit score and the loan amount.


And our home improvement loans can be tailored to your needs, whether or not they're tied to your home's value. So, it's all about finding the perfect fit for your home improvement dreams!


Explore your options

Discover your home mortgage match with us


Purchase a Home

Use a home loan to buy your dream house, offering a comfortable and secure living space.

Invest in a second home

Explore the opportunity to acquire a second property through a mortgage, leveraging current market conditions to diversify your real estate portfolio.

Home Renovations

Fund home improvements, renovations, or expansions, increasing your property's value and comfort.

Debt Consolidation

Consolidate high-interest debts like credit cards into a lower-interest home loan, reducing overall interest payments.

Investment Property

Purchase an additional property as an investment, generating rental income or potential long-term profits.

Emergency Fund

Access your home's equity for unexpected expenses or financial emergencies, providing a safety net for unforeseen costs.

Why HLRI for home loan?

Buy Now,
Save Later

Special pricing on 30-year terms, with waived admin fee upon refinancing.

Flexible
Term Choices

Pay on your own terms! Choose from a range of 10, 15, 20, and 30 year fixed terms to pay your monthly dues.

Seamless Online Application

Our user-friendly online application makes the homebuying process easier, guided by dedicated Mortgage Loan Officers.

Low Down Payment Options

Down payments as low as 3% for first-time borrowers or 5% for others, with even lower options for government-backed loans.

Easy Home Loan Options for Every Individual’s Needs

Calculate your potential savings swiftly - Get a quick savings estimate

Access potential savings effortlessly with our mortgage calculator. Get a rapid estimate of your potential financial benefits in just moments.

Get my estimate

Compare & choose what suits you the best

Feature FHA Loan VA Loan USDA Loan Conventional Loan
Down Payment ✔Low (3.5% minimum) ✖None (in most cases) ✔Low (0% down) ✔Typically higher
Credit Score Requirements ✔More flexible ✔More flexible ✔More flexible ✔Generally higher
Mortgage Insurance ✔Required ✖Typically none ✔Required ✔Sometimes required
Eligibility ✔Limited ✔Eligible veterans,
active-duty service members,
and certain others 		✔Income
and location-based 		✔Broad eligibility
Property Eligibility ✔Broad eligibility ✔Must meet VA standards ✔Rural areas ✔Broad eligibility
Loan Limits ✔Varies by area ✖No VA-specific limits ✔Varies by area ✔Typically higher
Seller Contributions ✔Allowed ✔Allowed ✔Allowed ✔Allowed
Funding Fee ✔Yes (can be rolled into the loan) ✔Yes (but waived for some disabled veterans) ✔Yes (can be rolled into the loan) ✖None
Interest Rates ✔Competitive ✔Competitive ✔Competitive ✔Competitive
Apply
FHA 		Apply
VA 		Apply
USDA 		Apply Conventional

Home Loan Eligibility

Your ideal home is calling - assess your loan compatibility

  • A good credit score, typically 620 or higher demonstrates your ability to manage debt responsibly.

  • Stable source of income to ensure you can make mortgage payments.

  • Down payment, usually 3-20% of the home's purchase price to reduce the loan amount.

  • A DTI of 43% or lower, indicating that your debt payments don't exceed 43% of your income.

  • Steady employment history, often with two years of consistent work.

  • The property must meet appraisal requirements to ensure it's worth the loan amount.

  • Proof of legal residency or citizenship in the USA.

  • Providing accurate and complete documentation of your financial situation, including income, assets, and debts.

  • Meeting specific requirements for the chosen home loan type - FHA, VA, USDA, conventional.

First time home buyer loan requirements

Ensure you have these documents ready.

  1. Proof of Income

    • Pay stubs (typically covering the last 30 days)

    • W-2 forms for the past two years

    • Tax returns for the past two years (if self-employed)

    • Proof of any additional income sources (e.g., rental income, alimony, investments)

  2. Employment Verification

    • Verification of employment letter

    • Contact information for your employer

  3. Bank Statements

    • Bank statements for the past two to three months for all accounts

    • Statements for any other assets (e.g., investment accounts, retirement accounts)

  4. Credit Report

    • Make sure to review your credit report for accuracy beforehand.

  5. Identification

    • Government-issued photo ID (e.g., driver's license, passport)

How HLRI home loans work?


At HLRI, we've streamlined the home loan application process for your convenience, making it easy and hassle-free. Here's how it works:

Home Loan Rate of Interest process shape

Rate Assessment

Take just a few minutes to check out your personalized interest rate options. The best part? It won't impact your credit score, and there's no commitment required.

Term Customization

Tailor your mortgage to match your financial objectives. With choices ranging from 10 to 30 years, we have the flexibility to accommodate your unique needs.

Expert Guidance

Our team of dedicated Mortgage Loan Officers is always ready to assist you. From understanding down payment options to reaching the closing stage, we're here to provide you with one-on-one support and expertise.

Trustpilot

Get your approval today - Begin your journey here


Turn your homeownership aspirations into reality in a click.
Kickstart your journey by completing our seamless online application and unlock your approval today!


By submitting your contact information, you consent to having Homeloan rate of interest along with our mortgage partners to contact via text message or phone (automatic telephone dialing system / an artificial / pre-recorded voice) to your residential or cellular telephone number you have provided which could also be on a corporate, state, or national Do Not Call Registry.