Financing Made Easy

How to Finance Your New Home

Hogan's Sales Counselors Help Pave The Way

Personalized Financing Options with Hogan Sales

Hogan Sales Counselors guide buyers through a variety of financing options. Get financing options personalized to your situation.

  • Flexible Mortgage Rates
  • Options for Low Credit
  • Customized Lending Options

average 30-year fixed rate (via Fed)

HERE’S THE INCENTIVE

Plot Twist: It’s Still a Great Time to Buy
Mortgage rates are actually on par with the 30-year average since April 1971. Lenders will look to make offers below the average rate.

Hogan Homes works with leading local lenders to find our new homebuyers the most competitive mortgage rate and terms.

Start Your Home Buying Journey with Hogan

Getting a mortgage, especially for the first time, can be a little daunting. Hogan Homes Sales Counselors can help ease the process and find both a home and the best financial agreement to work for you and your family for years to come.

Ideal Monthly Payment

Hogan Homes helps find your new home and the best financing from start to finish. Our local team values your time to closing and secures the best rates and incentives available.

Credit Qualifications

Not sure if you’ll be approved? Our sales counselors take the anxiety away and help find the best fit for you with our local partner lenders. Get started today with Hogan.

Custom, Personalized Options

There is nothing better than working face to face with a team you can trust. Hogan Homes has helped thousands of new homeowners and we can’t wait to help you.

Get Financing Information

Contact the Hogan’s Sales Counselors to Learn more about your personalized financing options.

Hogan Makes Home Buying Simpler

1
STEP 1

Contact Hogan Homes and let’s find a new home that fits you.

2
STEP 2

Select a lender. Your Hogan Homes Sales Counselor will help narrow the selection for you to a few preferred lenders based on your financial needs.

3
STEP 3

Choose the right mortgage. Your Hogan Homes Sales Counselor will help identify the best mortgage options and ultimately an agreement that’s right for you long-term.

4
STEP 4

Complete your mortgage application package and submit it to your lender.

5
STEP 5

Provide financial statements such as W2s for the past two years, pay stubs for the most recent months, and bank statements from the last three months along with any other information your lender may require.

6
STEP 6

Congratulations! Your mortgage is complete. Take the keys to your new home.

Learn About Your Financial Options

Contact the Hogan Sales Counselors to learn more about your personalized financing options.

50+ Years of Testimonials

“From the beginning of our contact with Hogan Homes, we felt that this was an honest builder, truly concerned about quality and service. We are impressed with the quality of our home and Hogan Homes’ customer service.”

— DARRELL M., SEA OAKS VILLAGE, ROCKPORT-FULTON

“Hello, as we approach this Christmas season, I thank God for the gift of you. You helped me and my family accomplish one of our lifelong goals. I have wanted to say thank you again. You are the best.”

— KEITH SANDERS (KINGS LANDING)

Hogan Homes Preferred Lenders

Affordable Options for Everyone

Terry Knesek

Claudia Mostaghasi

Home-Buying & Financial Resources Blogs from Hogan

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Affordable Luxury Redefined: Elevate Your Hogan Home with Thoughtful Craftsmanship and Finishes

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Popular & Frequently Asked Questions About Home Financing

If I have bad credit, can I still purchase a Hogan Home?

Perfect credit not required. There are financing options for the full spectrum of personal situations of varying credit ranges.

 

While 5% has been the norm, these days there is more flexibility. Lower down payment programs are making homeownership more affordable for new home buyers. In some cases, you might even be able to purchase a home with zero down.

 

A guideline mortgage loan approval process can typically take anywhere between 30 and 60 days.

 

Closing costs include all the fees and charges you will need to pay before you can take ownership of the house. The fees you’ll have to pay typically include origination fees, title insurance fees, prepaid escrows, and more. You pay closing costs at the closing of your home and the amount can vary, but it is usually between 2% and 3% of the home’s selling price.

 

Mortgage insurance is often required if your down payment is less than 20 percent. This insurance is an added cost which could stretch your monthly budget, so be sure to ask your lender about it. Also ask if they have any loan programs that don’t require mortgage insurance.

 

This question can only be answered by your own budget and expectations. For instance, if you want a lower monthly payment, then you will want to stretch the loan out over 30 years. But if you want to own your home quicker and you’re not worried about a higher monthly payment, then 15 years will be the better way to go.

 

When you’re in the process of buying a home, the lender will require you to deposit money into an escrow account. This account is used to guarantee the lender that the ongoing expenses of owning the property, like the insurance and taxes, will be paid for. A lump sum is deposited into the escrow account at closing, and a certain amount will be automatically deposited into it every time you make your monthly mortgage payment.

 

This answer is different for every buyer, but it is ultimately determined by the lender, based on four factors. These include the loan’s principal, the interest rate, taxes, and insurance premiums.

The amount paid to insurance will depend on whether you are paying PMI or not. If not, then just the homeowner’s insurance will be included in the mortgage amount. As for taxes, each monthly mortgage payment will include one-twelfth of your annual property tax amount.

 

Payments for an adjustable-rate mortgage regularly change because the interest rate on this type of loan changes when the national rate changes. Fixed-rate loans can also experience fluctuating payment amounts, such as when the amount of money in your escrow account isn’t enough to cover your insurance and tax payments. In this case, the lender will raise your monthly payment to make up the difference.

 

If you’re a first-time home buyer and you’re having difficulty saving for your down payment, then there are programs available that may be able to help. It always pays to ask for private assistance first, such as from parents or loved ones, but if this isn’t a possibility, then you can try one of the 2,000+ programs nationwide. You will need to meet their income and credit requirements in order to qualify.

 

Discover Your Next Home

Contact the Hogan team to schedule a visit or learn more about our listings.