Making Home Ownership Simple
Securing a home loan can be a complex process, but at Gerken Home Loans, we aim to simplify it. Our commitment is to guide you through the diverse landscape of loan options, ensuring your path to homeownership is not only accessible but tailored to your unique needs.
What Sets Us Apart
Versatile Loan Options
At Gerken Home Loans, we understand that every homeowner's journey is unique. That's why we offer a range of versatile loan options. Whether you're a first-time homebuyer, an investor, or exploring refinancing, our solutions are designed to align with your financial goals.
Competitive Rates
One of our core principles is to provide you with access to the most competitive mortgage rates. We believe that securing your dream home should not come at the expense of your financial well-being. Experience the advantage of our competitive rates as you navigate the home loan process with confidence.
Low Down Payment Options
Gerken Home Loans empowers you with options for low down payments, ensuring that your dream of homeownership remains within reach. We recognize the importance of financial flexibility, and our commitment to low down payments reflects our dedication to making homeownership accessible to a broader audience.
Personalized Guidance
Our experienced loan originators are here to guide you through every step of the home loan process. From understanding low down payment options to choosing the loan that aligns with your goals, our experts provide personalized guidance. Your journey to homeownership begins with our dedicated support.
Adjustable Rate Loan
An adjustable-rate mortgage loan (ARM loan) might be the right option for you if you plan to move within seven years, since they feature lower introductory interest rates. Highlights of adjustable-rate mortgage loans include:
- Lower initial monthly payments
- The ability to qualify for higher loan amounts
- Fluctuating rates and payments
Conventional Loan
If you have good credit and stable income, a Conventional loan might be the right option for you, since Conventional loan programs traditionally offer more options to the borrower. Highlights of Conventional loans include:
- Lower interest rates for borrowers with good credit
- Down payments that range from 3%–20%
FHA Loan
The FHA was formed in 1934 to spur greater homeownership numbers in the U.S. The FHA mortgage loan is designed to help low- to moderate-income families attain homeownership. Highlights of FHA mortgage loans include:
- Low down payment requirements
- Flexible income and credit requirements
- The ability to use gift funds from a relative or employer for the down payment
VA Loans
VA mortgage loans provide affordable home financing options for eligible service members, veterans and surviving spouses. We are proud to help our service members and veterans achieve the American dream of homeownership. Highlights of VA mortgage loans include:
- No prepayment penalties
- No private mortgage insurance (PMI)
- 100% financing with full VA entitlement
Jumbo Loan
Jumbo loans are non-government loans that are typically used by borrowers looking for larger loan amounts. Unlike conventional loans, Jumbo loans exceed the limits set by the Federal Housing Finance Agency (FHFA), which means they are great options for borrowers looking to buy a more expensive home but who have higher credit scores and a strong financial situation. Highlights of Jumbo mortgage loans include:
- Higher purchase limits
- The ability to purchase more home
- Options for primary residences, second homes or rental properties
USDA Loan
If you're looking to buy a home in a rural or suburban area with no down payment and minimal investment, you might consider the USDA Rural Development Loan. Highlights of USDA loans include:
- The ability to finance up to 100% of the appraised value
- The ability to finance the up-front portion of the guarantee fee
- Lower credit score requirements
- Lower interest rates
- Lower closing costs
- The ability to use gift funds for closing costs
Home Equity Loans
Open the door to new possibilities by accessing your home’s equity–whether it’s to afford tuition, renovate, consolidate high-interest debt, purchase a second home or tackle an emergency expense. Highlights of home equity loans:
- Credit scores as low as 620
- Loan amounts up to $500,000
Get in Touch
At Gerken Home Loans, we're not just about securing your home loan. We're about empowering you to establish roots in your community through homeownership. Start a conversation with us, and let's turn your dream of owning a home into a reality. Your journey to financial empowerment begins here.