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Every story of home buying is unique, so we offer a variety of loans to meet our clients’ needs. We specialize in Conventional, FHA, Fixed Rate and Adjustable Rate Mortgages, VA, HARP 2.0, Jumbo, and Reverse Mortgages.
Top Ten Niche Programs
Your home is your largest and most valuable asset. Use it to turn your home equity into cash. Consolidate high interest monthly payments and save hundreds every month! · Rental income allowed - no equity and no landlord experience required · Will consider any credit profile - short sale, bankruptcy, and foreclosure · One year income average allowed · Jumbo loans - 10% down · Qualify using cash assets only - no other income documentation required · W2 borrowers - employee expenses not deducted · Up to 10 financed properties allowed · Reverse mortgages available · No overlays - Direct seller service to Fannie Mae, Freddie Mac & Ginnie Mae · Conventional & FHA loans All programs available to qualified home buyers only.
This government-endorsed loan program is designed for borrowers who have limited funds for down payment and closing costs, require more flexibility in calculating household income and payment ratios, and have limited cash reserves. · Purchase and rate/term refinancing · Owner-occupied primary residence · Down payments may be gifted 3.5% down
This program is for borrower who have a 20% down payment, would like to avoid payment mortgage insurance premiums, are looking to purchase or refinance a primary home, second home or investment property, and would like a 30-year term or no conventional I/O. · Purchase and rate/term refinancing · No up-front mortgage insurance premium required · Owner-occupied, second homes and investment properties
The VA home loan is designed to help make the dream of home ownership become a reality for millions of veterans and their families by providing housing and assistance opportunities. · No down payment required · Adjustable & fixed rate mortgage options · No monthly mortgage insurance premiums · Right to prepay loan without penalty
FHA 203 k Loan
Whether you're buying a home that needs to be completely renovated or simply updating certain areas, the FHA 203k loan allows you to combine your renovation costs into your mortgage so there is one loan with one closing. The amount borrowed is a combination of the cost of the home and the estimated price of the repairs, including the labor expenses. This type of loan is backed by the Federal Housing Administration, but you don't need to have an FHA home loan to qualify for a FHA 203k refinance loan.
A Reverse Mortgage is a loan that enables older homeowners to convert a portion of their home equity into cash. It may also provide a way for those with limited income to better manage their retirement finances by allowing them to use accumulated equity to cover living expenses. With the reverse mortgage, as long as you live in the home, you’re not required to make monthly mortgage payments.* Instead, the lender makes monthly payments to you. That’s why it’s known as a reverse loan because with a traditional mortgage it’s the other way around, the borrower pays the lender. In this case, the borrower is not required to pay back the reverse loan until the home is sold, vacated, or the owner passes away; and the homeowner still retains ownership of the home. However, you must remain current on property taxes, hazard insurance, homeowner’s association dues, any other applicable fees, and you must be able to maintain the property.
Cash Out Refinance
A Cash Out refinance is a way of tapping into the equity you have built up in your home through your monthly payments and as it has increased in value. It involves retiring your current mortgage by taking out a new one, possibly with different terms, and for an amount that is larger than what you currently owe. The excess over your old loan’s outstanding balance and the new one is then paid out to you in cash at closing. Using a Home Equity Line of Credit (HELOC) gives a borrower access to a line of credit based on the available equity in a home and functions somewhat like a revolving credit card. It requires a 2nd monthly payment and features an adjustable interest rate. That means if interest rates go up, your monthly payment could also increase. A Cash Out refinance can have a fixed interest rate, so you could have one payment amount that stays the same over the life of the loan. With a HELOC you have a 2nd mortgage, and with a cash out refinance, you have one mortgage and one low monthly payment.