FHA,VA&USDA RD
Smaller down payments and expanded qualifying ratios. We can lend down to a 500 FICO score on FHA.ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ
Jumbo Loans
is a type of mortgage that exceeds conforming loan limits, often requiring stricter credit requirements and larger down payments.
203k Loans
FHA-backed loans that combine home purchase and renovation costs into one mortgage for fixer-uppers.ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ
NON QM Loans
Rather than using cash for a down payment apply it towards a lower interest rate and shorter loan term.ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ
Renovation Programs
Streamline renovation loans that allow for the purchase and rehab for a home.ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ
Conventional Loans
A conventional loan is a mortgage not insured by the government, typically requiring a higher credit score and down payment.ㅤㅤㅤㅤㅤㅤㅤㅤ
Adjustable-Rate Mortgage (ARM)
An Adjustable Rate Mortgage has an interest rate that fluctuates over time, starting with an initial fixed rate period.
Reverse Mortgages
A reverse mortgage allows homeowners, typically 62 or older, to convert home equity into cash, repaid when they sell or move.ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ