Loan Programs

CONVENTIONAL - Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary. Maximum loan amount is $417,000.

FHA MORTGAGE - Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3.5% down payment. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.

REVERSE MORTGAGES- A specialized loan that enables senior homeowners (62 years or older) to convert home equity into tax-free income without having to sell the home, give up the title or take on a new monthly mortgage payment. The income received from a reverse mortgage can be used for anything, including; supplementing retirement income, home improvements, health care expenses, paying off debt, vacations, property taxes and preventing foreclosure. Unlike a traditional home equity loan or second mortgage, no repayment is required until the borrowers no longer use the home as their principal residence.

VA MORTGAGES – Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.

JUMBO LOANS - Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation, over $417,000.

INVESTOR LOANS - Used to finance 1-4 family properties that will be for investment. We offer aggressively priced programs. Program may not be available in some states.