ThatMortgageGuide.com
Lending Advice, Guiding You Home.
Powered by the strength of
"I am dedicated to helping you navigate the mortgage process with confidence and ease. I offer you mortgage advice that will help you truly understand the process, giving you the clarity you need to make the best decision for your future. I don't just pull credit; I guide you down your path home". Brad Powers
Loan Options
Mortgages don't have to be a mystery. My services are built on the belief that when you understand your options, you make better decisions for your future. Whether you're a first-time buyer using an FHA loan, a Veteran utilizing your VA benefits, or an investor scaling with DSCR, I provide a modern, tech-forward experience powered by the strength of Cornerstone First Mortgage, LLC. I don’t just process applications; I map out paths to homeownership with zero jargon and total clarity. Let's get started today and find the right loan for your future!
FHA Loans: A Path to Homeownership for Everyone The FHA loan is one of the most popular and accessible options for first-time homebuyers and those looking for more flexibility in their financing. Insured by the Federal Housing Administration, this program is specifically designed to lower the barriers to homeownership by allowing for lower down payments and more lenient credit requirements than traditional loans. Whether you have had some financial bumps in the past or are just starting to build your credit history, FHA loans focus on your overall ability to manage a mortgage today. They also offer the unique flexibility of using gift funds for your down payment and closing costs, making it easier to get into your new home sooner. My approach is to help you understand how this versatile tool can work for your specific situation, providing a clear and stress-free path to the front door of your primary residence.
VA Loans: Benefits for Those Who Served The VA loan is arguably one of the most powerful home-buying tools available today, exclusively for Veterans, Active Duty Service Members, and eligible surviving spouses. It is designed as a specialized benefit to honor your service, allowing you to achieve homeownership with a $0 down payment and no monthly mortgage insurance (PMI). This unique structure can save you hundreds of dollars every month compared to traditional financing. Because VA loans offer more flexible credit guidelines and competitive terms, they are often the most affordable path to a new home. My goal is to help you navigate the eligibility process with total clarity, ensuring you maximize the benefits you’ve worked so hard to earn.
DSCR Loans: The Investor’s Edge A Debt Service Coverage Ratio (DSCR) loan is a powerful tool built specifically for real estate investors who want to scale their portfolios without the traditional hurdles of personal income verification. Instead of focusing on your personal paystubs, W2s, or tax returns, qualification is based primarily on the rental income the property generates compared to the mortgage payment. This "property-focused" approach allows you to scale faster because you aren't limited by your personal debt-to-income ratio, and it even offers the flexibility to close in the name of an LLC for added personal protection. If the numbers on the property make sense, the loan makes sense—it’s the ultimate streamlined experience for building long-term wealth through real estate.
Conventional Loans: Flexibility and Long-Term Value Conventional loans are the gold standard for many homebuyers, offering a high degree of flexibility and long-term financial benefits. Unlike government-backed programs, these loans adhere to guidelines set by Fannie Mae and Freddie Mac, making them an excellent choice for primary residences, second homes, and investment properties alike. They are particularly advantageous for those with solid credit and a stable down payment, as they often feature lower mortgage insurance costs that can eventually be eliminated entirely as your equity grows. Whether you are looking for a fixed-rate term for maximum predictability or an adjustable-rate option for a shorter-term stay, I can help you tailor a conventional loan to fit your unique financial goals and long-term wealth strategy.
USDA Loans: Zero Down for Rural Living If you are looking for a little more space and don't mind living outside the city center, the USDA loan is a hidden gem in the mortgage world. This government-backed program is designed to encourage homeownership in rural and suburban areas by offering a true $100% financing option, meaning you can often get into a home with zero money down. Beyond the benefit of no down payment, USDA loans feature reduced monthly mortgage insurance costs and predictable fixed rates, making them an incredibly affordable long-term option. Whether you’re looking for a quiet suburb or a home with some acreage, I can help you quickly determine if a property is in an eligible zone so you can take advantage of this unique path to homeownership.
Bradley Powers
Loan Officer
937-673-2163
14 W 1st Street, Suite 201, Dayton, Ohio 45402