Primary Residence Loans with Crestico Funding
Your Home. Your Future. Your Financing Partner. Buying a primary residence is one of the most important financial decisions you’ll make — and Crestico Funding is here to make it smarter, smoother, and more affordable.
Step 1
Check Eligibility
Step 2
Payment Option
Step 3
Get Approved
Step 4
Close the Loan
Step 5
Repayment & Loan Terms
What Is a Primary Residence?
A primary residence is the home where you live most of the year — your legal and mailing address, the center of your everyday life. Financing a primary residence offers several advantages:
Lower mortgage interest rates compared to second homes or investment properties
Low or no down payment options depending on the program
Easier qualification standards (especially for credit and income)
Access to exclusive first-time homebuyer programs and grants
Favorable tax advantages on mortgage interest (consult your tax advisor)
Why Your Primary Residence Matters
Your primary home is more than a place to live — it’s a long-term investment in your future. With rising rents and changing markets, owning your own home gives you:
- Monthly payment stability
- Freedom to personalize and renovate
- Equity-building over time
- Tax advantages (check with your CPA)
- A sense of pride and belonging
Frequently Asked Questions (FAQs)
What qualifies as a primary residence?
A primary residence is the home you live in most of the year. It must be your legal address and occupied within 60 days of closing. Lenders offer more favorable terms for primary homes than for second homes or investment properties.
When all is said and done, many full-time agents often put in more than 40 hours a week, due to the time spent working on weekends and evenings. Even so, their schedules are more flexible than salaried workers. Part-time agents often spend the bulk of their time devoted to weekend and evening work, but serve a tighter circle of customers.
When all is said and done, many full-time agents often put in more than 40 hours a week, due to the time spent working on weekends and evenings. Even so, their schedules are more flexible than salaried workers. Part-time agents often spend the bulk of their time devoted to weekend and evening work, but serve a tighter circle of customers.
Regardless of whether you plan to be a full-time or part-time agent, you need to be aware that to be successful, you need to be available when potential customers can make time. If you’re committed to success, you’ll need to occasionally compromise your time, to best serve your customers.
Can I buy a primary residence if I’m self-employed?
Yes. We offer self-employed loan solutions, including bank statement loans, 1099 income options, and asset-based programs.
What credit score do I need to qualify?
We have flexible options:
- 580+ for FHA
- 620+ for most Conventional loans
- Higher scores may qualify for better interest rates
Don’t worry if your credit isn’t perfect — we can still help.
How long does it take to close on a primary residence loan?
Typically 21–30 days, depending on your situation and how quickly documents are submitted. We offer fast-track processing for qualified borrowers.
How much do I need for a down payment?
It depends on the loan type:
- 3% down for Conventional (first-time buyers)
- 3.5% down for FHA
- 0% down for VA and USDA loans (if eligible)
Crestico also offers down payment assistance programs you may qualify for.
Are there any special programs for first-time homebuyers?
Yes! Crestico can connect you to:
- Local and state down payment assistance programs
- Grants and closing cost support
- Reduced PMI and lower-rate loans for new buyers