September 17th, 2018


Of all the steps you will take in life, few will be as profound or as impactful as the moment that you purchase a home. It is likely to be the largest purchase you make, and one that will not only impact your financial future but every day of your life that you spend living within that home. And while finding a great home isn't that difficult thanks to the many options on the market, what can be difficult is finding the right mortgage for your needs.

There are numerous things to consider, but three points are the most important. If you're ready to start shopping for your home, you'll need to know which loan option is the best for you. Here's a look at the three key things to consider.

Mortgage Type

You'll have two options here - conventional loans or those that are backed by the government. Conventional loan options are guaranteed by private lenders, while government-backed loans are insured by a branch of the US government. Government loan options include:

FHA Loans

These are designed for first time home buyers and those who struggle to qualify for traditional loans

VA Loans

Insured by the Department of Veterans Affairs, these are available to current military members and veterans

USDA Loans

These loans are focused on rural areas and those who meet various income level requirements

Each of these loans are backed by the US government and as such will often have lower down payment requirements, lower credit score requirements, and - in most cases - lower interest rates. Conventional loans are backed by private entities and as such are often harder to qualify for. However, they may be the only option if you don't qualify for government loan programs.

Interest Rates

Obviously, you want to secure the lowest possible interest rate when you secure a loan. But you also need to decide on a fixed or adjustable rate mortgage. Both have pros and cons to consider.


Adjustable rates mortgage start off with much lower interest rates, then increase after a period of time. This means that monthly payments start low, but over the years could increase dramatically.

Fixed Rates

Fixed rate mortgages have interest rates that never change throughout the loan. They start with a slightly higher interest rate than an ARM will have, but won't change over time.

In general, the ARM is a better option for those who plan on selling their home in the future, while the fixed rate option is better for those who are planning on staying in their home for years to come.

Loan Size

Finally, you'll have to decide on the size of the loan. Conforming loans are capped at $453,100 in most locations. Going beyond the conforming limit means that you may end up with much higher interest rates and need a larger down payment in order to get the loan.

No matter the type of loan that you are looking for, contact a local mortgage expert today to get the right loan for your home purchase.

AP Mortgage

980 9th Street Suite 1780, Sacramento, CA 95814 707-592-1732
At AP Mortgage, they embrace the concept of ownership with enthusiasm and optimism for the future of housing in America. As individuals, every employee at American Pacific Mortgage takes personal ownership in the process of originating home loans that will make your dream of ownership a reality.

Herlin Guerra-Sagastume

Jason and his Team exceeded our expectations while they helped us getting the loan to buy our first home! Jason was respectful of our knowledge of acquiring a home (or lack thereof) and helped us understand the loan process by telling us about what to expect and answering basic and complex questions (many of them!). Understandably we all have different priorities and expectations; regarding ours, Jason and his Team were able to gain our respect for various reasons. Just to mention a few, we LOVED how they tailored the process and dealt with us virtually (phone, txt, email, their app) until there was a need to meet in person. Also, they communicated constantly and made the process appear seamless. We definitely felt like we received a personalized treatment package. Thank you Jason and Team! !


Dina Aghashani

As a first time home buyer I was very nervous and didn’t know what to expect about the home buying process, but thanks to Jason it soon became the best experience ever. Him and his whole office staff were with me every step of the way making sure I understood everything and making the whole thing as simple and straight forward as possible. I have already recommended Jason to all of my family and friends and can only say that I am so happy I chose him as my lender and will be going only to him for all of my future home financing needs whether it be refinancing or upgrading to a bigger home. Thank you Jason for everything, We are so happy in our beautiful new home!


Debbie Nakata

We had a great experience with Jason and his staff at American Pacific Mortgage. They made the process easy and were very responsive to our questions. The customer service was excellent and we would use American Pacific Mortgage again.


Fernando Gonzalez

If I could give 10 stars I would! Jason Mata and his team made it possible for me to own my first home through an FHA program. Jason took the time to explain the home buying process and made it easy to understand. I was fortunate enough to have Nicole Weber as my realtor. Nicole went above and beyond to make sure every step involved in the home buying process went smoothly. Words can’t describe how much of an amazing job she did! I highly recommend APM! Thank you everyone from APM!


Wolf Eclipsed-03

Jason Mata with American Pacific Mortgage is amazing, excellent customer service and excellent team, all super friendly and easy to work with willing to help. Me and my wife met with him at his Davis office and within 20-30 minutes, we were approved! I had been working with another broker that just wasted our time, pulled our credit report twice to later tell us we were not approved. I truly wish we had gone to Jason Mata in the first place but we are glad we met with him to help us purchase our house. I only spoke with Jason during the application process and then when he called me to tell us. How are you? Hey! You are going to be home owner today! Your realtor will be in touch to make arrangements and give you your keys. We rate Jason five stars because is the highest but with my own words here I am rating him ten starts. I have already referred Jason Mata to some friends and relatives and will not recommend anyone else but Jason.


Misty W.

Jeremy was extremely helpful with the loan for our first home. He communicated every step of the way and was really easy to work with, which made the buying...


Desiree S.

Jeremy was so calm and supportive and gave me direction every step of the way! Even when I was anxious out of my mind throughout the whole process. He kept...


Adrian N.

Jeremy was with Brianna and I every step of the way. Any questions we ran into we're quickly answered in great detail. When we ran into an issue with...


Carina Kool

Jeremy was a pleasure to work with. He was very responsive to all of our inquires. We highly recommend him to anyone looking to purchase a home or to refinance their home.


Melanie Jordan

Jeremy was really great to work with! He was very responsive to all of my requests and made the entire loan process very easy to understand. I highly recommend Jeremy to anyone looking to buy or refinance!


Dustin Dravland Robinson

If you don’t think you can afford to own your own home or if you want the best pricing/terms on the purchase of an investment property, talk to Jeremy! Jeremy has amazingly innovative lending structures to help just about anyone (and anywhere) get onto the home ownership ladder and get off the rental circuit. I highly recommend Jeremy as a lender after he has consistently helped many of my clients get pre-approved and find their dream home after they never thought it was possible. Call/Text/Email Jeremy today! Sincerely, Dustin Dravland Robinson, Realtor who has sold over 100+ homes with over a decade of experience in California real estate.


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