Home Loan
Turning Your Home Dreams into Reality.
Your dream home is within reach, and at Loan We Do, we are here to help make it a reality. Our home loan options are designed to offer you the flexibility and support you need to finance your perfect home, whether you’re a first-time buyer, looking to upgrade, or planning to refinance your existing mortgage. We understand that buying a home is one of the most significant financial decisions you’ll ever make, and we’re committed to providing a smooth and stress-free borrowing experience.
With competitive interest rates, personalized loan terms, and a straightforward application process, we make it easier for you to secure the funding you need. Our team of experienced loan officers is dedicated to guiding you through every step of the process, from pre-approval to closing, ensuring that you understand all your options and make informed decisions.
Documents Required
FOR SELF EMPLOYED PROFESSIONALS
KYC- PAN Card and Aadhar Card
Ownership proof of Residence or Office
Income Tax Returns of last 2 years
Bank Statement of last 6 months
KYC of Entity
Partnership Deed/MoA
FOR SALARIED PROFESSIONALS
KYC- PAN Card and Aadhar Card
Ownership Proof
Income Tax Returns
Bank Statement of last 6 months
Degree Certificate & Certificate of Registration
Business Loan FAQs
A home loan is a financial product provided by banks or lenders to help you purchase or refinance a home. The loan amount is typically secured against the property, meaning the lender has a claim on the property if you fail to repay the loan.
To qualify for a home loan, you generally need to meet criteria such as having a stable income, a good credit score, and a manageable level of existing debt. Lenders will also consider your employment history and the amount of down payment you can provide.
The down payment required can vary depending on the lender and the type of loan. It typically ranges from 3% to 20% of the home’s purchase price. A higher down payment can reduce your loan amount and potentially secure better loan terms.
Common types of home loans include:
- Fixed-Rate Mortgages: The interest rate remains the same throughout the loan term.
- Adjustable-Rate Mortgages (ARMs): The interest rate changes periodically based on market conditions.
- FHA Loans: Government-backed loans that are often available to first-time homebuyers with lower credit scores.
- VA Loans: Loans backed by the Department of Veterans Affairs for eligible veterans and active-duty service members.
- USDA Loans: Loans backed by the U.S. Department of Agriculture for rural property buyers
The loan term is the length of time you have to repay the loan, commonly 15, 20, or 30 years. A longer term generally results in lower monthly payments but higher total interest costs over the life of the loan. Conversely, a shorter term usually has higher monthly payments but lower total interest.
Yes, many home loans allow for early repayment without penalties, though some may have prepayment penalties. Paying off your loan early can reduce the total amount of interest paid over the life of the loan.
Missing a mortgage payment can lead to late fees and negatively impact your credit score. If missed payments continue, the lender may begin foreclosure proceedings, which can result in the loss of your home. It is important to communicate with your lender if you are having trouble making payments to explore possible solutions.
To get started, gather your financial documents, including proof of income, credit history, and details of your current debts. Contact a lender or mortgage broker to discuss your options and begin the application process.