ZION INVESTORS mortgage lending AFFILATED WITH MALISSA BROWN BUSINESS INC Since 2019
Before You Start House Hunting
Get Pre-Approved For A Mortgage
✔️ Know your budget and avoid looking at homes outside your price range.
✔️ Show sellers you’re a serious buyer.
✔️ Lock in a potential interest rate.
📌 What You Need for Pre-Approval:
- Proof of Income (pay stubs, tax returns)
- Credit History & Score Check
- Employment Verification
- Debt & Asset details
LOAN EXAMPLES
FHA Loan (3.5% Down, $289,500 Loan)
Loan Principal & Interest $1,783
Mortgage Insurance (MIP) $137
Property Taxes & Home Insurance $300
Total Monthly Payment $2,220
🔹 Upfront Cost: $10,500 down + $5,250 upfront MIP (can be rolled into loan).
🔹 MIP stays for life unless you refinance into a conventional loan later.
VA Loan ($0 Down, No PMI)
Loan Principal & Interest $1,847
VA Funding Fee (If Applicable) $0 (if exempt) or $10,500 (3.5%, can be financed)
Mortgage Insurance (PMI/MIP) $0
Property Taxes & Home Insurance$300Total Monthly Payment$2,147
🔹 No down payment required
🔹 No private mortgage insurance (PMI)
🔹 VA Funding Fee (if not exempt) can be rolled into the loan
🔹 Best option for qualified veterans & active military
$300,000 Conventional Loan (5% Down, $285,000 Loan)
Loan Principal & Interest $1,849
Private Mortgage Insurance (PMI) $125
(until you reach 20% equity)
Property Taxes & Home Insurance $300
Total Monthly Payment $2,274
🔹 Upfront Cost: $15,000 down (5%)
🔹 PMI can be removed after 5-7 years if you pay down 20% equity
🔹 Lower long-term cost once PMI is removed
USDA Loan ($0 Down, Requires Mortgage Insurance)
Loan Principal & Interest $1,896
USDA Annual Mortgage Insurance $100 (0.35% of loan amount)
Property Taxes & Home Insurance $300
Total Monthly Payment $2,296
🔹 $0 down payment required
🔹 Lower mortgage insurance cost than FHA (but still required)
🔹 Location restrictions apply – must be in eligible rural/suburban areas
🔹 Income limits apply – household income must meet USDA guidelines
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Get A Home Loan Today
Pre-Approval, Purchase, Refinance, HELOC, ITIN, DSCR, FHA, Conventional, VA, USDA and Many More...