New Home Loan at basic interest rates from Gem Home Loan Company. You can apply online and check your eligibility and easy EMI. Fast Approval for your new home loan.

With a  home construction loan, you borrow money to pay for the cost of building your home and then once the house is complete and you move in, the loan is converted to a permanent mortgage.

Gem Home Loans offers home loan for land purchase to make your dream home. You can compare home loan rates with our compare loan table. Apply online for Home Loan.

Get instant approval for renovation your home. Gem Home Loans offers home improvement loans. It is with basic rate and flexible EMI repayment.For more detail you can check our loan products.

Simple and predictable. Your interest rate and the mortgage’s principal and interest payment never change. This offers budgetary certainty that most homeowners prefer. The thinking is, that if you can afford the payments today, there’s a good chance you’ll be able to afford them in the future too.

For most borrowers, the answer is “yes,” but there may be alternatives that can offer similar predictability in payments for shorter time periods. That can save money in the near term and/or long-term. Thirty-year fixed rate mortgages are often best if you expect to be in your home for 10 or more years.

Payment stability at what is usually the lowest payment available for a fixed-rate mortgage. You can enjoy lower payments than a 20- or 15-year fixed rate mortgage. but you also retain the ability to prepay your loan, shortening the ultimate term and saving you interest cost.

Over a 30-year term you’ll pay less money each month, but you’ll also make payments for twice as long and pay more in interest over the life of the loan. The interest rate on a 15-year mortgage is lower and you’re paying off the principal faster, so you’ll pay a lot less in interest in the long run.

A mortgage backed by the Federal Housing Administration (FHA) is one of the easiest home loans to get. Because the FHA insures the mortgage, FHA-approved lenders can offer more favorable rates and terms — especially to first-time homebuyers.

Conventional loans are not guaranteed by any government agency, and are the most popular mortgage option. Fannie Mae and Freddie Mac set conventional loan guidelines, which tend to be more strict than borrowing standards for government-insured loans.

Lenders require proof of steady income, and will scrutinize your employment history and income from the past two years. Self-employed borrowers and those with variable incomes will have to provide additional paperwork to verify income.

The minimum down payment is 3% for conventional loans;  FHA requires a 3.5% minimum down payment.  Down payments can come from your own money or a gift from a family member.

Homebuyers making a 3.5% down payment will need a minimum score of 580. The down payment requirement jumps to 10% with a credit score between 500 and 579.

A full list of Frequently Asked Questions can be found here.