Consulting with one of our Loan officers before the homebuying process and gather all required paperwork can save a lot of heartache later. Remember that We are here to move you forward and we are committed to make this process simple and enjoyable from beginning to end.
A conventional Mortgage loan is not offered or secured by a government entity. Potential borrowers need to complete an official mortgage application, supply required documents, credit history, and current credit score.
A FHA loan is a mortgage loan that is insured by an FHA-Approved lender. FHA loans are designed for low-to moderate-income borrowers, they require a lower minimum down payment and lower credit score than many conventional loans.
A VA loan is a mortgage offered through a Department of Veterans Affairs program. Its available to active and veteran service personnel and their families, VA loans are backed by the federal government, but issued through private lenders. VA loans have generous terms, such as no down payment, no mortgage insurance, no prepayment penalties, and limited closing costs.
A USAD loan is a mortgage loan either made or guaranteed by the United States Department of Agriculture's Rural Housing Service agency to help households with very low to moderate incomes purchase safe and affordable homes in rural areas. The Qualification standards for these home loans are lenient compared to those of other mortgages, but you will need a steady income that's high enough to repay the loan over 30+ years at a fixed interest rate. The definition of "rural" is broader than you might think because it includes areas with populations as high as 35,000.
A jumbo loan is a type of financing that exceeds the limits set by the Federal Housing Finance Agency and cannot be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac. Approval requires a stellar credit score and a very low debt-to-income ratio. Jumbo loan is Designed to finance luxury properties and homes in highly competitive local real estate markets, jumbo loans come with unique underwriting requirements and tax implications. Homeowners must undergo more rigorous credit requirements than those applying for a conventional loan.
A construction mortgage is a type of mortgage used to finance the construction of a home, and typically only requires interest be paid during the construction period. During construction, most loans of these type are interest-only and will disburse money incrementally to the borrower as building progresses.
With several hard money sources at our disposal make your fix and flip or buy and hold project a breeze.
For those customers that dream of home ownership, but do not have the necessary funds for closing, there are programs that offer down payment assistance. This type of assistance is great for first time home buyers. Special programs available based on state agency guidelines.
Lighting Speed processing and underwriting, we make sure to close in under 30 days. If the borrowers provide all required documents on time.