Loan Programs for all your needs.

Conventional Home Loan

Conventional home loans offer flexibility and competitive terms for qualified borrowers. If you have a strong credit profile and can afford a reasonable down payment, this type of mortgage may be an excellent choice.

Choosing a conventional mortgage offers several advantages, including:

  • Lower Overall Costs: Unlike government-backed loans, conventional loans do not require mortgage insurance if you put down at least 20%.

  • Flexible Loan Terms: Borrowers can choose from a variety of loan terms, including 15, 20, or 30 years.

  • Competitive Interest Rates: With a strong credit score and financial stability, borrowers can secure lower interest rates.

  • Higher Loan Limits: Compared to FHA loans, conventional loans generally allow for higher borrowing amounts.

Whether you’re a first-time homebuyer or looking to refinance, understanding the ins and outs of conventional loans can help you make an informed decision on your home purchase journey.

FHA Home Loan

FHA home loans are an excellent choice for borrowers who may struggle to meet the strict requirements of conventional mortgages. With lower down payment options, flexible credit requirements, and government backing, FHA loans make homeownership more accessible.

FHA loans offer several advantages, including:

  • Low Down Payment: Borrowers can qualify with as little as 3.5% down if they have a credit score of at least 580.

  • Lenient Credit Requirements: FHA loans are more forgiving for borrowers with lower credit scores (as low as 500 with a 10% down payment).

  • Competitive Interest Rates: FHA loans often come with lower interest rates compared to conventional loans.

  • Assumable Loans: Future buyers can assume an FHA loan, which can be beneficial if interest rates rise.

  • Flexible Debt-to-Income (DTI) Ratio: Borrowers with a higher DTI may still qualify for an FHA loan compared to conventional mortgages.

Jumbo Home Loan

Jumbo loans are an excellent option for buyers looking to finance high-value homes beyond conventional loan limits. While they require strong financial qualifications, they offer competitive rates, flexible terms, and the ability to purchase luxury properties. If you're considering a jumbo loan, give us a call to explore your options and secure the best possible terms for your investment.

Benefits of a Jumbo Home Loan

  • Higher Loan Amounts: Jumbo loans allow borrowers to finance homes beyond the conforming loan limits.

  • Competitive Interest Rates: Despite the higher risk, jumbo loan rates can be competitive, especially for well-qualified borrowers.

  • Flexible Loan Terms: Borrowers can choose from fixed-rate or adjustable-rate mortgage (ARM) options.

  • No Private Mortgage Insurance (PMI): Unlike conventional loans with lower down payments, jumbo loans typically do not require PMI.

  • Financing for Luxury Homes: These loans make it possible to buy high-end homes in competitive real estate markets.

VA Home Loan

VA home loans provide an incredible opportunity for veterans and military families to achieve homeownership with no down payment, no PMI, and lower interest rates. If you qualify, this loan program can offer significant savings compared to conventional or FHA loans. We love serving our Veterans. We are always happy to go to work for our Veterans. Just give us a call to talk about how this home loan can make home ownership affordable.

VA loans offer numerous advantages, including:

  • No Down Payment: One of the biggest benefits is that eligible borrowers can purchase a home with no down payment.

  • No Private Mortgage Insurance (PMI): Unlike FHA or conventional loans, VA loans do not require PMI, reducing monthly costs.

  • Competitive Interest Rates: VA loans often have lower interest rates compared to conventional loans.

  • Flexible Credit Requirements: Borrowers with lower credit scores may still qualify.

  • Limited Closing Costs: The VA restricts lender fees, making home buying more affordable.

  • No Prepayment Penalty: Borrowers can pay off their loan early without penalties.

  • Assumable Loans: A VA loan can be transferred to another eligible borrower, which can be an advantage if interest rates rise.

USDA Home Loan

USDA Guaranteed Home Loans offer an affordable path to homeownership for eligible buyers in rural and suburban areas. With zero down payment, competitive interest rates, and flexible credit requirements, this loan program makes homeownership more accessible to low-to-moderate-income borrowers. This is one of our favorite home loan products. If you want to find out more about how to qualify for a USDA home loan. Just give us call.

USDA loans offer several advantages, including:

  • No Down Payment: Eligible borrowers can finance 100% of the home’s purchase price.

  • Competitive Interest Rates: USDA loans often have lower interest rates compared to conventional loans.

  • Flexible Credit Requirements: While a credit score of 640 or higher is preferred, borrowers with lower scores may still qualify.

  • Low Mortgage Insurance Costs: USDA loans require a guarantee fee instead of traditional private mortgage insurance (PMI), which can result in lower monthly payments.

  • Long Loan Terms: Borrowers can choose 30-year fixed-rate mortgages, ensuring stable and predictable payments.

  • No Prepayment Penalty: Homeowners can pay off their loan early without incurring extra fees

Reverse Mortgages

For homeowners aged 62 and older, a reverse mortgage can be a valuable financial tool that provides additional income during retirement. Unlike traditional home loans, reverse mortgages allow homeowners to convert a portion of their home equity into cash without making monthly mortgage payments.

Reverse Mortgage loans offer several advantages, including:

  • No Monthly Mortgage Payments: Borrowers are not required to make payments as long as they live in the home.

  • Supplemental Income: Provides retirees with additional funds to cover living expenses, medical bills, or home improvements.

  • Flexibility in Payment Options: Borrowers can choose to receive funds as a lump sum, monthly payments, a line of credit, or a combination of these options.

  • Non-Recourse Loan: Borrowers (or their heirs) will never owe more than the home’s value when the loan is repaid.

  • Continued Homeownership: Borrowers retain ownership of their home as long as they meet the loan requirements.

Reverse mortgages can be a useful financial solution for seniors looking to supplement their retirement income without selling their home.