Mortgage Programs

FHA Loans

FHA loans aren’t just for first time homebuyers! It’s perfect for people with very little to no credit, and people with no credit scores. If the purchase price is 300K or less this is the way you should go! Some great aspects of obtaining an FHA loan are:

• · 3.5% Down Payment
• · Up to 6% in seller contribution
• · Low monthly mortgage insurance
• · Low interest rates
• · Maximum loan limit: $288,750

USDA Loans

This is a great alternative loan for borrowers who do not have enough income to qualify for conventional financing and have no money to put down. And this is not just for first time homebuyers!!

• · 100% Financing (No down payment assistance or grants you’ll have to pay back)
• · Up to 6% in seller contribution
• · No monthly mortgage insurance
• · Low interest rates
• · No maximum loan amount
• · No first time homebuyer guidelines
• · Borrower must meet income requirements
• · Home must be located in a USDA designated area

Conventional Financing

This loan is for people with near perfect credit (700 scores)

• · Minimum down payment 5%
• · $417, 000 max loan amount

Jumbo Loans

• · Loan amounts over $417,000
• · Minimum of 15% down
• · Must have at least a 720 FICO Score

VA Loans

This is for the people who served our country.

• · 100% Financing
• · No monthly mortgage insurance
• · Low Interest rates.