CONVENTIONALÂ Home Loans
Conventional loans are the most common and widely available mortgage option. For borrowers with good credit, balanced income, debt and some down payment, they are often the least complicated way to get the most flexible mortgage options.
Fixed Rate for the life of the loan
10, 15, 20 and 30 year terms
Loan Amounts up to $627,200
Can Finance Primary, Second Homes, and Investment Properties
Low Down Payment Options Available for Qualified Borrowers
Available for Purchase and Refinance Transactions
FHAÂ Home Loans
FHA Loans are insured by the Federal Housing Administration (FHA), a branch of the U.S. Department of Housing and Urban Development, or HUD. FHA is often the best option for people who need a little extra flexibility when qualifying for a new home mortgage. You do NOT need to be a first time buyer - anyone who is buying a new home to use as their Primary Residence, or Second Home is eligible.
For Primary Residence or Second Home
A minimum of 3.5% down payment required – May be a gift!
Seller can contribute up to 6% of borrower’s closing costs
Flexible Mortgage Guidelines
Available for Purchase and Refinance Transactions
VAÂ Home Loans
The Department of Veterans Affairs (VA) offers financing on primary residences for Veterans. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans.
Must be a Veteran, Active Duty Military, or member of the Reserves.
Up to 100% Financing – No Down Payment
No Monthly Mortgage Insurance
Closing Costs May Be a Gift
Available for Purchase and Refinance Transactions
USDAÂ Home Loans
The US Department of Agriculture USDA provides low down payment options to qualified borrowers, at very low interest rates, and with very low mortgage insurance premiums. If you are buying a home in an Rural Development -eligible area, and meet the program requirements, this loan is perfect for you.
For Primary Residence
100% Financing Available
10, 15, 20 and 30 year terms
House must be in a Rural Development-eligible area
JUMBOÂ Home Loans
Jumbo Loans exceed the maximum loan amounts established by conventional loan limits, currently $627,200. A Jumbo Loan is right for you if you are looking to buy a high priced or luxury home.
Financing above Conforming Loan Limits of $627,200.
Convenience of One Loan versus having Multiple Mortgages
Fixed and Adjustable Rate Mortgage Options
REVERSEÂ Mortgages
A Reverse Mortgage is a loan for those age 62 and older that allows homeowners to convert their home’s equity into cash with no monthly mortgage payments.
Primary Home
For those 62 and older
No Monthly Mortgage Payments
Receive Money Monthly
Borrower must maintain property, pay homeowner's insurance and property taxes, and comply with loan obligations
