Your Homebuying Journey Begins Here
Your dream home is closer than you think. With Richmondmortgages Purchase Loans, we help you turn that vision into keys. Whether you’re a first-time buyer or experienced homeowner, our flexible mortgage options, clear guidance, and competitive terms make buying a home smooth, affordable, and stress-free.
Why Choose a Purchase Loan with Richmondmortgages?
Low Down Payment Options — Get started with as little as 3–5% down (depending on program)
Flexible Credit Criteria — Our programs accommodate more credit profiles
Competitive Rates — We shop across lenders to secure you a favorable interest rate
Customized Loan Terms — Fixed, adjustable, or hybrid—choose what fits your goals
Support at Every Step — From pre-approval to closing, we guide you fully
Equity Building from Day One — Your payments start creating value immediately
How the Purchase Loan Process Works
Pre-Approval & Budgeting
We assess your income, debts, and credit to estimate your buying power and ideal home price range.Find Your Home & Lock Rate
Work with your Realtor, make an offer, and lock in your rate while underwriting begins.Application & Underwriting
Submit income documents, credit checks, and property info for review.Appraisal & Verification
We order an appraisal and verify property condition and title.Closing & Funding
Sign final paperwork and funds are disbursed so you can take possession.Move In & Manage
Congratulations — you own your home. We stay available if you want to refinance or tap equity later.
Purchase Loan FAQs You Should Know
Ans: It depends on the loan type. Some allow as little as 3% down; others may require more.
Ans: Yes — many of our programs allow gift money from family members for your down payment or closing costs.
Ans: Typically 30 to 45 days, depending on underwriting, appraisal, and document completeness.
Ans: Absolutely. Once approved, you can lock in your rate for a set period to protect against market swings.
Ans: Single-family homes, condos, multi-unit/investment properties (depending on the lender).
How It Works
Make Your Homeownership Dream a Reality
At Richmondmortgages, we simplify the path to buying your dream home with our flexible Purchase Loan programs. From pre-approval to closing, our team ensures a smooth, transparent, and stress-free experience so you can move forward with confidence.
Step 1
Discover Your Buying Power
We evaluate your income, credit, and goals to determine the right loan amount and program that fits your needs.
Step 2
Select the Perfect Loan Option
Our experts guide you through different loan types—helping you choose the one that aligns with your financial comfort and future plans.
Step 3
Fast Approval & Clear Communication
Experience a quick, hassle-free approval process with full guidance at every step, ensuring no surprises along the way.
Step 4
Close & Move Into Your New Home
Once approved, we finalize your paperwork, fund your loan, and hand you the keys—making homeownership a reality with ease.