MORTGAGE LOAN
PROGRAMs
LOAN PROGRAMs
What kind of loan program is best for you?
Should you get a fixed-rate or adjustable rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer.
Fixed Rate Mortgages (FRM)
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
No
employment, No
income loans
These loans can be used to purchase or refinance your home. We do not verify income or employment in anyway. Excellent credit is required and if purchasing, a 20% down payment or more.
FHA Loans
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
VA Loans
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.
BANK STATEMENT ONLY
Ideal for people who are self-employed, Realtors, and consultants. Calculates income based on deposits not Tax returns.
REVERSE mortgages
A reverse mortgage is a type of mortgage that lets you take equity out of your home. To get one, you have to be at least 62 years old and either own your home outright or have a low balance on your current mortgage.
Reverse mortgages can be useful tools for seniors who want to stay in their homes and turn their home equity into cash they can use each month.
Reverse mortgages can be useful tools for seniors who want to stay in their homes and turn their home equity into cash they can use each month.
INVESTOR CASH FLOW NO INCOME PROGRAM
20% Down, No personal Income used to qualify, No employment required on application, Qualifications based on property cash flow.
U.S.D.A. MORTGAGES
These fixed rate mortgages offer zero down payment and reduced Private Mortgage Insurance in our Rural Areas. Contact us to get a detailed Map of areas where this loan could be an option for you.
