I Want to Purchase a Home
Congratulations!
We’re excited that you have decided to purchase a home! Buying a home can be an exciting—and sometimes stressful—process. The OakStar team will be there every step of the way to make sure you get to the closing table on time with the best product and rate for your circumstances.
Which Home Loan is Right for Me?
I want a stable monthly payment and no mortgage insurance.
I want a lower rate during my initial loan period.
I need a higher purchase limit for a more expensive home.
I’m a first-time buyer and want a low down payment.
I’m a veteran and I want to use my home loan benefit.
I want to purchase an investment or rental property.
How Much Can I Afford?
The best way to find out which loan products you qualify for and how much you can afford is to talk to an experienced loan officer.
Traditionally lenders will require debt-to-income ratios of 28/36% which means that no more than 28% of your monthly pre-tax income can go towards your mortgage payment AND your monthly debt including your mortgage payment can be no more than 36%.
At OakStar we’ve been able to approve clients with 45% total debt to income ratios. Our team of experts will look at your specific situation, walk you through the loan options, help you determine which product is right for you, and how much you can afford.
Take The First Step Toward Your Future