617-821-1757
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Apply today for the mortgage
thatโs right for you.
Unlock Low Rates with Ease
Discover how Geovanne Colon simplifies the mortgage qualification process for you.
Apply today for the mortgage
thatโs right for you.
Unlock Low Rates with Ease
Discover how Geovanne Colon simplifies the mortgage qualification process for you.
Low Rate.
Zero Hassles.
Get a free quote
Low Rate.
Zero Hassles.
Get a free quote
Feel Overwhelmed by Mortgage Choices? I Understand.
Feeling Lost in a Sea of Mortgage Options? Finding the right mortgage can be a daunting task. With an overwhelming array of rates, terms, and lenders, it's easy to feel lost and uncertain. Are you worried about high interest rates, hidden fees, or choosing a mortgage that doesn't fit your long-term goals?
Welcome to Your Gateway to Home Ownership
Embark on a seamless journey towards your dream home with Geovanne Colon, your trusted ally in mortgage solutions. With years of expertise and a commitment to securing the lowest rates, my mission is to transform the complex landscape of home financing into a simplified, transparent path leading straight to the keys of your new home.
Why Choose Us?
Ready to Start?
Your perfect home won't wait forever, and neither should you. Begin your journey today with a loan officer that puts you first. By choosing us, you're not just getting a loan โ you're gaining a lifelong partner in all your mortgage endeavors.
Start your no-obligation consultation now and join the myriad of satisfied homeowners who have unlocked the doors to their future with ease and confidence. Dive into our world of simplified lending, and let's turn your homeownership dreams into reality.
Welcome Home!
Loan Programs We Help With
Seamless Solutions, Limitless Possibilities
Residential Mortgage Programs
1. FHA Loans
Federal Housing Administration (FHA) Loans
โข Suitable for first-time homebuyers
โข Low down payment options (as low as 3.5%)
โข Requires mortgage insurance
โข Lenient credit scores accepted
โข 203K Renovation Loans Available
2. Conventional Loans
Conventional Mortgage Loans
โข Preferred by borrowers with stronger credit
โข Down payments as low as 3%
โข Available in fixed or adjustable rates
โข No government insurance premiums
โข HomeStyle Renovation Loan Available
3. USDA Loans
US Department of Agriculture (USDA) Loans
โข Ideal for eligible rural and suburban homebuyers
โข Zero down payment
โข Low insurance costs
โข Income and geographic restrictions apply
4. VA Loans
Veterans Affairs (VA) Mortgage Loans
โข Exclusively for veterans, active-duty service members, and eligible spouses
โข No down payment required
โข No mortgage insurance needed
โข Competitive interest rates
A. ITIN - No Social Security Loans
โข For borrowers with an Individual Tax Identification Number
โข Lacks Social Security number
B. 1099 Loans
โข Designed for independent contractors or self-employed individuals
โข Based on the 1099 tax form income
C. VOE Only
โข Verification of employment as the primary source of income validation
D. Asset Depletion
โข Utilizes borrower's liquid assets for qualification purposes
E. Bank Statement Loans
โข Income based on bank statements, suitable for self-employed borrowers
F. DSCR - Investor No Income Verification
โข For real estate investors, using property cash flow as a qualification metric
Non-Qualified Mortgage (Non-QM) Loans
Loan Programs We Help With
Seamless Solutions, Limitless Possibilities
Residential Mortgage Programs
1. FHA Loans
Federal Housing Administration (FHA) Loans
โข Suitable for first-time homebuyers
โข Low down payment options (as low as 3.5%)
โข Requires mortgage insurance
โข Lenient credit scores accepted
2. Conventional Loans
Conventional Mortgage Loans
โข Preferred by borrowers with stronger credit
โข Down payments as low as 3%
โข Available in fixed or adjustable rates
โข No government insurance premiums
3. USDA Loans
US Department of Agriculture (USDA) Loans
โข Ideal for eligible rural and suburban homebuyers
โข Zero down payment
โข Low insurance costs
โข Income and geographic restrictions apply
4. VA Loans
Veterans Affairs (VA) Loans
โข Exclusively for veterans, active-duty service members, and eligible spouses
โข No down payment required
โข No mortgage insurance needed
โข Competitive interest rates
Non-Qualified Mortgage (Non-QM) Loans
A. ITIN - No Social Security Loans
โข For borrowers with an Individual Tax Identification Number
โข Lacks Social Security number
B. 1099 Loans
โข Designed for independent contractors or self-employed individuals
โข Based on the 1099 tax form income
C. VOE Only
โข Verification of employment as the primary source of income validation
D. Asset Depletion
โข Utilizes borrower's liquid assets for qualification purposes
E. Bank Statement Loans
โข Income based on bank statements, suitable for self-employed borrowers
F. DSCR - Investor No Income Verification
โข For real estate investors, using property cash flow as a qualification metric
More Loan Programs
Foreign National Loans
โข Tailored for non-U.S. citizens looking to buy investment or vacation properties in the U.S.
โข May require larger down payments and proof of foreign income.
Jumbo Loans
โข Exceed the loan limits set by the FHFA for conventional mortgages.
โข Requires non-traditional underwriting to accommodate the larger loan amount.
Real Estate Investor Loans
โข Customized loans for experienced real estate investors.
โข Can include options for multiple properties under a single loan (blanket loans).
Non-Warrantable Condo Loans
โข For condos that do not meet specific requirements by Fannie Mae or Freddie Mac.
โข Necessary for financing condos in buildings with more owner-occupied spaces or litigation issues.
Credit Event Loans
โข Available to borrowers with significant derogatory credit events, such as bankruptcy or foreclosure.
โข Typically requires a higher down payment or additional reserves.
Hard Money/Private Lending
โขFor immediate or short-term financing needs
โข Higher-cost, short-term loans
โข Asset-based lending criteria
โข Terms typically around 12 months
Fix and Flips
โข Loans crafted for renovating and flipping properties
Commercial Loans
โขTailored for businesses to purchase or refinance commercial property
โข Offering solutions for office buildings, retail spaces, and industrial properties
โข Custom terms to align with business strategies
New Construction
โข Financing for ground-up construction projects
Small Business Administration (SBA) Loans
โข Federally backed to help start or grow a business
โข Lower down payments
โข Longer repayment terms
โข Focused on small businesses
Bridge Loans
โข Short-term loans to bridge the gap during transitional periods
Down Payment Assistance Programs
โข Provides prospective homebuyers with loans or grants that they can use toward the down payment for a house.
โข Most down payment assistance programs are designed for first-time homebuyers and offered by various institutions, such as government, non-profits, or lenders.
More Loan Programs
Foreign National Loans
โข Tailored for non-U.S. citizens looking to buy investment or vacation properties in the U.S.
โข May require larger down payments and proof of foreign income.
Jumbo Loans
โข Exceed the loan limits set by the FHFA for conventional mortgages.
โข Requires non-traditional underwriting to accommodate the larger loan amount.
Real Estate Investor Loans
โข Customized loans for experienced real estate investors.
โข Can include options for multiple properties under a single loan (blanket loans).
Non-Warrantable Condo Loans
โข For condos that do not meet specific requirements by Fannie Mae or Freddie Mac.
โข Necessary for financing condos in buildings with more owner-occupied spaces or litigation issues.
Credit Event Loans
โข Available to borrowers with significant derogatory credit events, such as bankruptcy or foreclosure.
โข Typically requires a higher down payment or additional reserves.
Hard Money/Private Lending
โขFor immediate or short-term financing needs
โข Higher-cost, short-term loans
โข Asset-based lending criteria
โข Terms typically around 12 months
Fix and Flips
โข Loans crafted for renovating and flipping properties
Commercial Loans
โขTailored for businesses to purchase or refinance commercial property
โข Offering solutions for office buildings, retail spaces, and industrial properties
โข Custom terms to align with business strategies
New Construction
โข Financing for ground-up construction projects
Small Business Administration (SBA) Loans
โข Federally backed to help start or grow a business
โข Lower down payments
โข Longer repayment terms
โข Focused on small businesses
Bridge Loans
โข Short-term loans to bridge the gap during transitional periods
Down Payment Assistance Programs
โข Provides prospective homebuyers with loans or grants that they can use toward the down payment for a house.
โข Most down payment assistance programs are designed for first-time homebuyers and offered by various institutions, such as government, non-profits, or lenders.
Who We Help?
Seamless Solutions, Limitless Possibilities
First Time Home Buyers
We know how overwhelming the process of buying a home is, especially if it is the first time that you're doing it. We will work closely with you to explain the process, to protect you from making mistakes that could cost you later, and to ensure that your mortgage gets approved and you get the home that you are so excited to be buying!
Move Up and Second Home Buyers
Buying a new home when you currently own one has it's own unique set of concerns. We can answer all of your questions about how to qualify and purchase a home when you already own one whether you're buying a new primary residence or a second vacation home.
Refinancing Home Owners
If you already own your home but you are looking to refinance to either save money with a lower interest rate or possibly take some cash out for any reason, we can help you with that. We also can show you how to make sure you are structuring your new financing to get the best deal possible.
Investment Buyers
If you're buying real estate for investment purposes, we can help you secure low rate financing to maximize your ROI.
Seniors Seeking Reverse Mortgages
If you are 62 years or older and are looking for options to stay in your home without a mortgage payment or to access your home's equity while still living there, I can answer your questions about reverse mortgages so you can decide if they are right for you.
What My Clients Say
Ready to Find Your Perfect Mortgage?
Are You A First Time Home Buyer?
Download Our Free Home Buyer's Guide
Other Resources You'll Find Helpful
Buyer's Guide for Real Estate Agent
(English)
Buyer's Guide for Real Estate Agent
(Spanish)
Seller's Guide for Real Estate Agent
(English)
Seller's Guide for Real Estate Agent
(Spanish)
Calculate Your Mortgage Payment
Our Blogs
Navigating the Massachusetts Housing Market: A Guide for First-Time Homebuyers
Navigating the Massachusetts Housing Market: A Guide for First-Time Homebuyers
Understanding the Massachusetts Housing Market
Buying your first home in Massachusetts can be exciting yet overwhelming. With competitive markets in cities like Boston, Cambridge, and Worcester, being well-prepared is essential. This guide walks you through key steps, financing options, and common mistakes to avoid to ensure a smooth homebuying journey.
Why Buy a Home in Massachusetts?
Massachusetts offers diverse housing options, strong job markets, and excellent schools. Some key benefits of homeownership here include:
Equity Growth: Property values tend to appreciate over time.
Tax Benefits: Mortgage interest and property tax deductions can save you money.
Stability: No more rent increases or dealing with landlords.
Key Steps to Buying Your First Home
1. Assess Your Financial Readiness
Before starting your home search, evaluate your financial situation:
Check Your Credit Score: A higher score leads to better loan rates.
Determine Your Budget: Factor in down payments, closing costs, and monthly payments.
Calculate Your Debt-to-Income (DTI) Ratio: Lenders prefer a DTI below 43%.
2. Get Pre-Approved for a Mortgage
A mortgage pre-approval strengthens your offer and clarifies how much you can afford. Lenders review your income, credit history, and financial documents before issuing a pre-approval letter.
Loan Options for First-Time Homebuyers
MassHousing Loans: State-backed loans offering low down payment options and mortgage insurance benefits.
Conventional Loans: Best for buyers with strong credit.
FHA Loans: Lower down payment options for those with moderate credit.
VA Loans: Exclusive to veterans and active military personnel.
USDA Loans: Designed for buyers in eligible rural and suburban areas.
Lender-Based Down Payment Assistance Programs: Some lenders offer grants or assistance programs to help with down payments.
3. Work with a Knowledgeable Real Estate Agent
A real estate agent familiar with the Massachusetts market can help you:
Find properties within your budget.
Negotiate the best deal.
Navigate paperwork and legal requirements.
4. House Hunting and Making an Offer
Tour homes in your preferred neighborhoods and submit a competitive offer based on:
Recent sales data
Home condition
Market trends
Avoid These Common First-Time Buyer Mistakes
Skipping Pre-Approval: Sellers take pre-approved buyers more seriously.
Overlooking Hidden Costs: Property taxes, HOA fees, and maintenance add up.
Making Big Financial Changes: Avoid new debt or job changes before closing.
Massachusetts Housing Market Trends for 2025
Interest Rates: Expected to stabilize, making affordability more predictable.
Housing Inventory: More listings expected, offering buyers more options.
Competitive Market: Desirable areas may still see multiple offers.
First-Time Buyer Incentives: Some towns and cities offer additional homebuying incentives.
Final Thoughts
Buying your first home in Massachusetts requires careful planning, but with the right approach, you can secure your dream home with confidence.
Need Expert Mortgage Assistance?
At South Wind Financial, we specialize in guiding first-time buyers through the mortgage process. Contact us today!
๐ Call 617-821-1757
๐ง [email protected]
๐ LoanswithGeo.com
Navigating the Massachusetts Housing Market: A Guide for First-Time Homebuyers
Navigating the Massachusetts Housing Market: A Guide for First-Time Homebuyers
Understanding the Massachusetts Housing Market
Buying your first home in Massachusetts can be exciting yet overwhelming. With competitive markets in cities like Boston, Cambridge, and Worcester, being well-prepared is essential. This guide walks you through key steps, financing options, and common mistakes to avoid to ensure a smooth homebuying journey.
Why Buy a Home in Massachusetts?
Massachusetts offers diverse housing options, strong job markets, and excellent schools. Some key benefits of homeownership here include:
Equity Growth: Property values tend to appreciate over time.
Tax Benefits: Mortgage interest and property tax deductions can save you money.
Stability: No more rent increases or dealing with landlords.
Key Steps to Buying Your First Home
1. Assess Your Financial Readiness
Before starting your home search, evaluate your financial situation:
Check Your Credit Score: A higher score leads to better loan rates.
Determine Your Budget: Factor in down payments, closing costs, and monthly payments.
Calculate Your Debt-to-Income (DTI) Ratio: Lenders prefer a DTI below 43%.
2. Get Pre-Approved for a Mortgage
A mortgage pre-approval strengthens your offer and clarifies how much you can afford. Lenders review your income, credit history, and financial documents before issuing a pre-approval letter.
Loan Options for First-Time Homebuyers
MassHousing Loans: State-backed loans offering low down payment options and mortgage insurance benefits.
Conventional Loans: Best for buyers with strong credit.
FHA Loans: Lower down payment options for those with moderate credit.
VA Loans: Exclusive to veterans and active military personnel.
USDA Loans: Designed for buyers in eligible rural and suburban areas.
Lender-Based Down Payment Assistance Programs: Some lenders offer grants or assistance programs to help with down payments.
3. Work with a Knowledgeable Real Estate Agent
A real estate agent familiar with the Massachusetts market can help you:
Find properties within your budget.
Negotiate the best deal.
Navigate paperwork and legal requirements.
4. House Hunting and Making an Offer
Tour homes in your preferred neighborhoods and submit a competitive offer based on:
Recent sales data
Home condition
Market trends
Avoid These Common First-Time Buyer Mistakes
Skipping Pre-Approval: Sellers take pre-approved buyers more seriously.
Overlooking Hidden Costs: Property taxes, HOA fees, and maintenance add up.
Making Big Financial Changes: Avoid new debt or job changes before closing.
Massachusetts Housing Market Trends for 2025
Interest Rates: Expected to stabilize, making affordability more predictable.
Housing Inventory: More listings expected, offering buyers more options.
Competitive Market: Desirable areas may still see multiple offers.
First-Time Buyer Incentives: Some towns and cities offer additional homebuying incentives.
Final Thoughts
Buying your first home in Massachusetts requires careful planning, but with the right approach, you can secure your dream home with confidence.
Need Expert Mortgage Assistance?
At South Wind Financial, we specialize in guiding first-time buyers through the mortgage process. Contact us today!
๐ Call 617-821-1757
๐ง [email protected]
๐ LoanswithGeo.com
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South Wind Financial, Inc.
Mortgage Broker Lic #MB9462
Branch NMLS #86116
1356 Atwood Ave. Johnston, RI 02919
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