Home Purchase Loans

Buying a home is a significant financial decision. Sonic Loans provides guidance on application steps, documentation, program requirements, rates, fees, and terms.

Purchase Loan Options

FHA Loans

FHA loans are backed by the Federal Housing Administration and are ideal for first-time homebuyers or those with less-than-perfect credit. Benefits include down payments as low as 3.5% and flexible credit requirements.

VA Loans

If you're a veteran, active-duty service member, or eligible surviving spouse, you may qualify for a VA loan with zero down payment and no private mortgage insurance required.

Conventional Loans

Conventional-loan rates, down payments, costs, and eligibility depend on the program and complete application.

Get Pre-Approved Today

A mortgage pre-approval gives you a clear picture of what you can afford and shows sellers you're a serious buyer. Contact Sonic Loans at (313) 488-4888 to start your pre-approval process.