FHA /VA

Reverse Mortgage

USDA Home Loan

Federal Housing Administration (FHA) home loans are backed by the agency of the same name. Loans come from FHA-approved lenders, and the program has been in place for decades in order to afford low-income citizens the opportunity to obtain loans that they wouldn't usually be eligible for.

Because they target low-income families, FHA loans also provide lower down payments than other mortgage products. In addition, they incorporate very flexible credit guidelines and let you take out loans in downswing markets. If you're a first-time homebuyer and you're still working your way up the economic ladder, you should definitely contact us about your potential eligibility for FHA home loans
Borrowers must be 62 years of age or older, however a younger non-borrowing spouse has additional protections offered by FHA once the borrower vacates the property. You must own the property and have considerable equity or use a reverse mortgage to purchase your retirement home. You must occupy the property as your principal residence and not be delinquent on any federal debt.  Other conditons and requirements apply.
Research the ZIP code you intend to live in, the number of dependents you can claim and your credit history before selecting a loan. You may find that your new purchase is eligible for a USDA home loan.

Although these loans were formerly for farmers, they now apply to a number of purchases outside of urban areas. It's important to work with an experienced agency like ours, however, because the federal eligibility rules are complicated and explicit.

Conventional Fixed 30 and 15

Construction / Perm

Interest Only Loans

A Construction Perm loan, also known as a C/P loan, is a hybrid loan that allows for a Construction period and then, when the Construction phase has been completed, the loan changes, or modifies, into a Permanent loan. This product bridges the gap of Construction financing and separate "End loan" (Permanent) financing.
Interest only loans don't make you pay anything but interest during an initial period. This lower starting payment makes it easier for you to get your loan started and save up money for other expenses while you get on your feet. These loans have great features, but they also come with responsibilities, so always consult with us before taking one out.
Fixed-rate home loans are pretty straightforward. The monthly interest and principal you owe will remain constant throughout the life of your loan, be it 10 years or 40. People who have dealt with loans before know how hard it can be to budget when your fees suddenly increase decades down the line, so make things easier on yourself by talking to us about fixed-rate loans today.

203K

When consumers use FHA financing, the most traditional source of funding is an FHA 203B loan.  However, FHA 203B loans have specific requirements of a property for purchase;  namely the condition of the property and habitability requirements.  Typical requirement issues are a bad roof, a broken air conditioning system, leaking plumbing, failed septic tank or drain field, wood rot, termite damage…..the list goes on.  In these cases, and others, the FHA 203k rehabilitation loan can be used to bring the house up to standards.  Additionally,  the 203K loan can be used for upgrades, flooring, painting, new appliances, cabinets, new windows, new doors and much, much more.

Jumbo Loans

Jumbo loans exceed the caps set by agencies like Fannie Mae and Freddie Mac. These loans are often used for luxury property purchases. They represent a higher risk for lenders, so they usually include higher interest.