Guardian Mortgage is a licensed mortgage lender located in Plano, Texas. Guardian Mortgage appears to be licensed in most states and offers conventional, FHA, VA, USDA, and jumbo mortgage financing.
FHA Mortgages
FHA mortgages, funded by private lenders like Guardian Mortgage and insured by the Federal Housing Administration, provide an excellent choice for first-time homebuyers. With a typical minimum down payment of 3.5%, FHA financing is especially advantageous for those with limited funds and less-than-perfect credit.
Mortgage insurance is mandatory for all FHA loans, irrespective of down payment or loan-to-value ratio.
FHA-approved lenders such as Guardian Mortgage typically offer a variety of FHA mortgage products, including 30-year fixed, 15-year fixed, and adjustable-rate mortgages, are available.
VA Mortgages
Tailored for veterans, VA loans are written and funded by private lenders, but backed by the Veterans Administration.
With 0% minimum down payment and no mortgage insurance, VA financing offers an attractive option for eligible homebuyers. The credit and income criteria for VA loans also tend to be more flexible than for conventional financing.
There are a variety of VA products available, including 30-year fixed, 15-year fixed, and adjustable-rate mortgages.
Conventional Mortgages
Conventional loans are the most common form of mortgage financing. The minimum down payment is usually around 5% to 10% of the purchase price with excellent credit. Private mortgage insurance is required for down payments of less than 20%.
Conventional financing offers a broad spectrum of products, including 30-year fixed, 15-year fixed, 10-year fixed, and various adjustable-rate mortgage products.
USDA Mortgages
USDA mortgages are funded by private lenders like Guardian Mortgage, but backed by the United States Department of Agriculture. The goal of USDA financing is to facilitate homeownership in rural areas by offering low interest rates and flexible lending requirements. To be eligible, your home must be located in an eligible rural area.
Jumbo Mortgages
Jumbo mortgages are a form of conventional financing designed for higher home values and borrowers who intend to borrow more than the conforming loan limit.
There are a wide variety of jumbo products available, including 30-year fixed, 15-year fixed, and various adjustable-rate mortgages.
