MORTGAGE PRODUCTS
Additional details coming soon.
FHA
- Reduced down payment required – 3.5% of purchase price
- Gifts allowed for down payment
- 6% seller contributions allowed towards closing costs and prepaid items
- No income limits for borrowers
- Co-signors allowed
- Limited closing costs and fees
VA
- Open to active/former members of armed forces and widow/widower
- 100% financing available for those who qualify
- Limited closing costs and fees
- 4% seller contribution allowed towards closing costs and prepaid items
- No private mortgage insurance
- Streamline refinance available if you have an existing VA loan (minimal documentation required)
Refinance
- Can be used for multiple purposes
- Lower your interest rate and monthly payment
- Debt consolidation
- Tap unused equity in your home
- Modification of loan terms (e.g. ARM to fixed rate)
Conventional - Fannie Mae/Freddie Mac
- Variety of program types offered
- Available for purchase and refinance transactions
- Can be combined with secondary financing
Construction
- Finance the construction of your dream home
- Build on vacant land you already own
- Purchase land and construct with one closing
- Land you own free and clear can be considered as equity for down payment
Reverse Mortgage
- Available to persons at least 62 years old that own their own home
- Tap home equity as a source of cash for multiple reasons including: everyday expenses, make home repairs, cover medical expenses
- Not repaid until you decide to move, sell your home, or your estate is settled
- No cash needed for closing
- No income or credit qualifications





