The G.W. Robinson team has been helping homebuyers
realize their dream of home ownership for more than 40 years.
During that time, we’ve built nearly 2,500 homes in Alachua, Bradford,
Clay, Columbia, Levy and Union counties.
At G.W. Robinson, we have developed relationships
with some of the finest financial institutions and mortgage lenders
in the country. We’ll help you get your dream home financed and:
Assist you with filing loan applications
Help you locate most competitive interest rate
Assist you in determining how much you can afford
Help you calculate a down payment and corresponding monthly
payments
Shop for your best financing
options
Feel free to consult with these preferred mortgage partners to review the various financing options available for your new home.
Check this glossary of mortgage terminology for help in understanding
your financing options.
Mortgage.
A long-term loan, commonly used to buy a home. Uses real
estate as collateral. Is usually full amortized, which means
the note will be fully paid off in the number of monthly
principal and interest payments stipulated on the note.
Conventional Mortgage.A mortgage not guaranteed or insured by the government.
These loans generally require private mortgage insurance
if the down payment is less than 20%. This is to protect
the lender in case the homeowner defaults on the loan.
FHA-insured loans.
The U.S. Department of Housing and Urban Development (HUD)’s
Federal Housing Administration (FHA) operates low down payment
mortgage programs that can be used to help purchase a home.
FHA-insured loans generally require the buyer to pay at
least 3% toward down payment and closing costs.
VA-guaranteed loans.
The Department of Veteran Affairs (VA) may guarantee your
loan if you are a veteran of military service, on active
military duty or are in the military reserves. These loans
require little or no down payment.
Adjustable Rate
Mortgage (ARMs).These mortgages have variable
interest rates, usually related to an index like Treasury
bill rates. Your mortgage payment may go up or down during
the life of the loan.
What are closing costs? Find out the ins and outs of what is included.
