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LOAN PROGRAMS
FHA
- Great product for everyone, especially First Time Home Buyers.
- Flexible credit requirements
- Gift funds for down payment and closing cost permitted
- Low monthly mortgage
- Sponsored by the Federal Housing Administration
VA
- For Veterans and Veteran with spouse
- Flexible credit requirements
- Guaranteed by U.S. Dept. of Veterans Affairs
USDA Rural Housing
- Special product for specific areas and income limits
- Flexible credit required
- No monthly mortgage insurance
Conventional
- Any mortgage other than FHA, VA or USDA Rural Housing
- Follows the guidelines of Fannie Mae and Freddie Mac
- Financing for Primary Homes, Second Homes and Investment properties
Jumbo Products
- For higher loan amounts
- Designed for the well qualified borrower
- Financing for Primary Homes, Second Homes and Investment properties
Reverse Mortgages
- For borrowers 62 years and older
- Qualifying is based on down payment on the property, not credit or income
- Homeowner buys a home and will not have a mortgage payment
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