Purchase Money Mortgages are used to purchase a new or existing home from another party, regardless of whether the use of the property will be a primary residence, second home, or an investment/income producing residential property. When shopping for a mortgage for this purpose it is important to understand the difference for each type of purchase, as the amount of down payment, the interest rate and points charged will vary depending on your intended use.
Dominion's Loan officers are highly experienced and are keenly aware of the importance of making sure all contract deadlines for financing are met in a timely manner. We will help you navigate through the necessary regulations, guidelines and requirments for each type of transaction.