Primary Residence Loans
Buying a home is one of the biggest investments you will ever make. Choosing the right mortgage can make the entire experience more affordable and less stressful. At Crestico Funding, we help individuals and families secure primary residence loans that fit their financial goals, budget, and long term plans. Whether you are purchasing your first home or moving into a new primary residence, our experienced mortgage professionals guide you through every step of the financing process.
We offer a wide range of home loan programs with competitive rates, flexible qualification options, and personalized support. From your initial consultation through closing day, our team works to simplify the mortgage process so you can focus on finding the home that is right for you.
What Is a Primary Residence Loan?
A primary residence loan is a mortgage used to purchase the home where you plan to live most of the year. This property becomes your legal residence and serves as your primary address for tax records, voter registration, banking, and other official purposes.
Because lenders consider primary residences less risky than vacation homes or investment properties, borrowers often qualify for lower interest rates, lower down payment requirements, and more flexible lending guidelines. Many government backed and conventional mortgage programs are specifically designed to help qualified buyers purchase a primary residence with affordable financing.
Whether you are buying your first home, relocating for work, upgrading to a larger property, or downsizing into a more manageable home, a primary residence loan can provide the financing you need to achieve homeownership with confidence.
Step 1
Check Eligibility
Step 2
Payment Option
Step 3
Get Approved
Step 4
Close the Loan
Step 5
Repayment & Loan Terms
Benefits of Financing a Primary Residence
Purchasing a primary residence offers financial advantages that are typically not available for second homes or investment properties. Choosing the right mortgage program can reduce your upfront costs while creating long term financial stability.
Who Can Qualify for a Primary Residence Loan?
Primary residence loans are available to a wide range of homebuyers. Whether you are purchasing your very first home or planning your next move, Crestico Funding can help you explore loan programs that match your financial situation and homeownership goals.
First Time Home Buyers
First time buyers may qualify for low down payment options, homebuyer assistance programs, grants, and flexible mortgage solutions that make purchasing a home more affordable.
Repeat Home Buyers
If you are purchasing another primary residence, you may qualify for competitive mortgage options that support upgrading, downsizing, or relocating.
Self Employed Borrowers
Self employed borrowers can explore flexible financing options, including bank statement loans and alternative income documentation programs for qualified applicants.
Veterans and Active Military
Eligible veterans and active duty service members may qualify for VA home loans with no down payment, competitive rates, and valuable financing benefits.
Primary Residence Loan Options
Choosing the right mortgage is just as important as choosing the right home. Crestico Funding offers a variety of home loan programs designed to meet different financial needs, budgets, and purchasing goals.
Conventional Loans
FHA Loans
VA Loans
USDA Loans
Jumbo Loans
Conventional loans are an excellent option for qualified borrowers with good credit and stable income. These loans offer competitive interest rates, flexible loan terms, and low down payment options for eligible homebuyers.
FHA loans are popular among first time homebuyers because they allow lower credit score requirements and smaller down payments. They provide an affordable path to homeownership for many qualified borrowers.
VA loans provide exceptional benefits for eligible military service members, veterans, and surviving spouses. Qualified borrowers may purchase a primary residence with no down payment and no private mortgage insurance.
USDA loans help eligible buyers purchase homes in qualifying rural and suburban communities. These loans may offer one hundred percent financing with affordable monthly payments for qualified applicants.
If you are purchasing a higher value property that exceeds conventional loan limits, a jumbo loan may provide the financing you need while offering competitive mortgage solutions for qualified borrowers.
Frequently Asked Questions
What is considered a primary residence?
A primary residence is the home you live in for most of the year. It serves as your main address for tax purposes, voter registration, and other official records. Most lenders require you to occupy the property within a specified period after closing.
Can I buy a primary residence with a low down payment?
Yes. Many home loan programs offer low down payment options for qualified buyers. FHA loans may require as little as 3.5 percent down, while eligible VA and USDA borrowers may qualify for no down payment.
What documents are needed to apply for a primary residence loan?
Most lenders require proof of income, recent bank statements, tax documents, photo identification, employment verification, and information about your assets and debts. Additional documentation may be requested based on your loan program.
How long does it take to close on a primary residence loan?
The closing process typically takes between 21 and 30 days, depending on the loan program, property appraisal, and how quickly all required documents are submitted. Crestico Funding works to keep the process efficient and on schedule.
Why should I choose Crestico Funding for my primary residence loan?
Crestico Funding offers access to a variety of mortgage programs, personalized guidance, competitive financing options, and dedicated support throughout the home buying process. Our goal is to help you secure the right loan with confidence and make your path to homeownership as smooth as possible.