Finance Options

Financing Options

• Conventional Mortgages

  Conventional Mortgages are backed by Fannie Mae & Freddie Mac. Offered in a fixed rate product with a term of 15, 20, 30 years as well as in ARM (Adjustable Rate Mortgages) products.

  • Fixed rate mortgage are guaranteed interest rate for the life of the loan
  • ARM products offer a lower interest rate for an initial fixed amount of time that adjusts through the life of the loan
  • Loans offered as low as 3% down for first-time hombuyers
  • Private mortgage insurance is required for down payments less than 20% down
  • Flexible loan term options
  • Primary, Residence, second home and investment options
• FHA Loans

  An FHA loan is a mortgage loan that is insured by the Federal Housing Administration, which gives borrowers the following benefits.

  • Available for 3-4 family owner occupied properties
  • Seller is able to contribute up to 6% of sale price, but no cash back is permitted
  • Low 3.5% down payment
  • Gift funds are allowed from eligible donors for down payment
  • Options for non-occupant co-borrower
• Jumbo Mortgages

  Jumbo loans offer an option for consumers who wish to borrow more than the conforming loan limit.

  • Option included for a bank account direct debt
  • Bridge loan financing is available
  • Special incentive available
  • Primary, Residence, second home and investment options
  • Fixed and ARM (Adjustable Rate Mortgages) available
• VA Loans

  VA loans are offered to veterans, active-duty service members, reservists and National Guard who have served or currectly serve on active duty.

  • 30-year fixed rate or adjustable-rate loans
  • Credit score requirements start below 680
  • Available to veterans and their spouses
  • No monthly mortgage insurance premiums
  • 100% financing options available
  • Seller can pay closing costs up to 4%
• Renovation Loans

  We offer all types of renovation loans- FHA 203K Limited & Standard, Fannie Mae HomeStyle & VA Renovation loans.

  • Add the cost of the property renovations to the purchase of the property in one mortgage transaction
  • The properties appraised value is based on the after improved value of the property
• USDA Rural Development Loans

  • 100% financing and no down payment
  • No required reserves
  • Borrower income and credit score eligibility restrictions apply
  • Seller credit towards closing costs are allowed
  • Low mortgage insurance