Buy or refinance your house with less stress, more clarity and helpful guidance.
Buying a home doesn't have to be scary. We are here to help you every step of the way.
Want to know how much you can be pre-approved for? Let’s start with a FREE phone consultation or apply online! ✌️ No obligation.
4.7/5 on Facebook reviews
👋 Hi there! We're Wasi Home Loans, and we're really happy you're here.
Do you want to buy a house but have no idea where to start?
That is why we offer YOU a FREE consultation. We will break down the home-buying process and answer the questions you have. The best of all, at the time and way that works better with your schedule: in-person, by phone, or video conference.
Not sure what home loan program is best for you?
Let’s find together the option that meets your situation and goals.
If you are buying your first house or looking to buy another one. Or purchasing an investment property, we have loan options for you.
With Wasi Home Loans, you can expect clear explanations and easy-to-understand estimates/quotes.
Want to know how much you can be pre-approved for? Let’s start with a FREE phone consultation!
Reviews ❤️
Chadwick L.
Ruben was an amazing person to have in our corner. We sold and bought a house simultaneously which was an extremely stressful endeavor. Ruben was a calm voice in the storm and was extremely responsive and patient with all of our questions over everything involved. I cannot imagine a better person to have on your team. 
Thank you for everything you do.
Frequently asked questions
There are loan programs that allow a down payment below 20%.
Let’s start with the FHA loans. This type of loan typically requires only a 3.5% down payment and does not require having a perfect credit score.
Let’s continue with the USDA loans. This type of loan has a no down payment option, but the property you want to purchase must be in areas considered rural by USDA. Your real estate agent can help you find a property that may qualify for this program.
Now, let’s talk about VA loans. This type of loan also has no down payment options. However, it is restricted to eligible Veterans, service members, and surviving spouses.
Finally, we have conventional loans. Programs under this type of loan may allow for a down payment as low as 3%.
You don’t need a perfect credit score to qualify for a loan to buy a house. Although there are programs that allow a credit score as low as 500, it is recommended to have a credit score above 620. The score will help determine the type of loan programs and the interest rate you might qualify for. Remember, the higher your credit score, the better.
Conventional loans require an acceptable credit score; depending on the program, the minimum down payment varies between 3 to 5 percent. If you give less than a 20 percent down payment, your loan will include a PMI or private mortgage insurance, but this is eliminated when the amount of your debt is reduced by 20 percent compared to the property’s value. Also, the loan limits for conventional programs are higher than the FHA.
On the other hand, the FHA program is more flexible in terms of credit score and requires a minimum down payment of 3.5 percent. Like conventional loans, the FHA program requires mortgage insurance, which lasts for the life of the loan.
The first requirement is to be able to demonstrate job and income stability. This means that the person has two or more years working for the same company or in the same line of work and can demonstrate a consistent monthly income.
The second requirement is a credit score that allows you to qualify. Although the minimum credit score varies depending on the type of program, it is advisable to have good credit since the interest rate for the loan depends on it.
The third requirement is to have a low debt-to-income ratio or DTI. This means that your monthly debt payments do not exceed 41 percent to 50 percent of your monthly gross income, depending on the type of loan program.
Finally, we have the fourth requirement: to have funds to cover the down payment and closing costs.