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.

Michelle Sansone

I had an exceptional experience working with Jason and his team! The customer service at American Pacific Mortgage is 5 star. Jason and his team were always positive and professional. They made the refinance process a breeze and helped me achieve my goals. Thank you so much for such great service! I will definitely work with them again in the future.


Christina Marie

I cannot express how awesome Jason and his team (specifically Tim) were with me. I was not ready to buy a house and my credit wasn’t great, but after our first meeting, I was motivated. They walked me through each and every step of the process. They explained everything in terms that I could understand. They were patient and understanding when I was confused or needed more assistance. Thank you so much to Jason Mata and Co. at APM.


Susanna Curry

Jason and his team are persistent, thorough, responsive, courteous, and effective with every step of the lending process. They worked hard to ensure my financial readiness to take on a home mortgage, and advocated successfully on my behalf. I love my new home and feel well-prepared to care for it across the decades I plan to live there. Thank you so much, Jason & group!


Eric Mayer

These guys are pros, and definitely experts in managing the system. However, they are frustratingly difficult to communicate with, as they are extremely busy. That said, they did get me access to the right loans and did get my mortgage done. I would recommend them for that reason, but would add the caveat that you should expect to be as independent and informed on your own as much as possible.


Anderson Silva

After interviewing 5 different lenders, Jason & his team gave us the attention we needed & best terms/rates. He was extremely responsive to my messages & reassured us throughout each step of the process. We had a good idea of what we were getting into prior to buying our first home; Jason gave us the right amount of information to make us confident homebuyers.


Lu B.

Where do I even begin?! Hands down BEST AGENT EVER! Jeremy is and was an amazing agent. I spoke with him over the phone first and he did not come off...


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...


Melanie J.

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...


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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