"Your Personal Realtors"

If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing.

There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.

We would be happy to refer you to some very good mortgage contacts I have in Metro Louisville or to help you in any other way we can to secure the best possible rate for your home purchase.

As a company Schuler Bauer is partnered with 5 different preferred lenders that guarantees you a quality financing experience. Also, we personally have contacts that will assist you with alternative financing options.

Conventional: Conventional loans are loans made by private companies and non-government lending institutions. These loans are not insured or guaranteed by the government. They may be conforming or non-conforming. They can be insured or non-insured. Typically, a conventional loan can be made up to 80% of the property’s value without requiring insurance. If the loan exceeds 80% of the property’s value, most lenders require the loan to be insured by a private mortgage insurance company.

FHA: The Federal Housing Authority (FHA) is a division of HUD (Housing and Urban Development). FHA loans are non-conventional loans that meet FHA program criteria by approved lenders. FHA insures these loans against losses in the event of default. Being backed by the government allows lenders to make loans with a high loan-to-value ratio.

RHS: Rural Housing Service is a department of the United States Department of Agriculture. RHS loans are made in rural markets for low-to-moderate income families. Rural housing allows up to 100% loan-to-value financing with a guarantee.