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From first home to next move, we guide you with smart financing and a smooth, stress-free process.
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What Is a Home Purchase Loan?
A home purchase loan is the mortgage you use to buy a property, whether it's your first home, your next home, a vacation property, or an investment. It's the financing that bridges the gap between your down payment and the purchase price, and it comes in a wide range of structures to fit virtually any buyer's situation. From conventional and FHA to VA and jumbo, the right purchase loan depends on your financial profile, your goals, and the type of property you're buying.
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Who Is This For?
If you're buying a home, this is for you. Whether you're a first-time buyer figuring out where to start, a growing family that's outgrown your current space, a veteran looking to use your VA benefit, or an investor adding to your portfolio, the purchase process starts here. We work with buyers at every stage and income level to find the loan that makes the most sense for where you are right now.
What You Should Know Before You Buy
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Get pre-approved first. A pre-approval letter tells sellers you’re a serious, qualified buyer and gives you a clear picture of what you can afford. It’s the single best thing you can do before you start shopping.
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Your down payment doesn’t have to be 20%. Many loan programs allow 3–5% down (conventional), 3.5% (FHA), or even 0% (VA). We’ll help you understand your options so you’re not waiting longer than you need to.
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Your credit score matters, but it’s not everything. Different programs have different thresholds, and there are strong options available even if your credit isn’t perfect. We’ll find the right fit.
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Closing costs are part of the equation. Budget for roughly 2–5% of the purchase price in closing costs. Some of these can be negotiated with the seller or rolled into certain loan programs.
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The process is simpler than you think. From application to closing, we guide you through every step. Our job is to make the mortgage piece as smooth as possible so you can focus on finding the right home.
Steps To Apply For A Mortgage In Orlando
We'll Take You From Application to Closing in 30 Days or Less
Buying a home is one of the biggest financial decisions you'll ever make — and the mortgage process doesn't have to make it harder. At Edge Mortgage USA, we've built a clear, five-step path to help Orlando buyers go from first-time applicant to proud homeowner without the confusion or delays that slow most buyers down.
Whether you're purchasing your first home in Orlando or refinancing an existing one, our licensed mortgage advisors are with you at every stage — from preapproval through closing day.
Frequently Asked Questions
How much do I need for a down payment?
It depends on the loan type. Conventional loans start at 3–5% down, FHA requires as little as 3.5%, and VA loans offer 0% down for eligible veterans. We’ll walk through your options based on your specific situation.
What’s the difference between pre-qualification and pre-approval?
Pre-qualification is a quick estimate based on self-reported information. Pre-approval is a verified review of your income, credit, and assets — it carries real weight with sellers and gives you a firm budget to work with. We always recommend getting pre-approved.
How long does the mortgage process take?
From application to closing, most purchase loans take 30–45 days. Timelines can vary based on the loan type and how quickly documentation comes together, but we keep things moving and communicate with you at every stage.
Can I buy a home if I’m self-employed?
Absolutely. Self-employed borrowers qualify for the same loan programs as W-2 employees. The documentation is a bit different — typically 2 years of tax returns and a year-to-date profit and loss statement — but we work with self-employed buyers every day.
Should I choose a fixed rate or an ARM?
If you plan to stay in the home long-term, a fixed rate gives you certainty. If you expect to move or refinance within 5–10 years, an ARM’s lower initial rate could save you money. We’ll help you weigh the trade-offs based on your plans.
