A Consumer Purchase Loan is designed to help homebuyers finance the purchase of a primary residence. With options such as fixed-rate or government-backed loans, buyers can secure affordable financing with manageable down payment requirements. These loans make it possible for individuals and families to achieve homeownership by spreading the cost of a home over time with predictable monthly payments. Whether you’re a first-time buyer or upgrading to your next home, a consumer purchase loan provides the flexibility and stability needed to make owning a home more accessible. Purchase Price: $985,000 Loan Type: 30-Year Fixed, FHA High-Balance Loan Down Payment: 5% Interest Rate: 5.75% Buyer Contribution: Only $60,000 needed to purchase this home