FHA Loan

Federal Housing Administration, or FHA, is an agency of the Department of Housing and Urban Development, also known as HUD. The FHA insures qualified mortgages so that all income level households can have access to affordable mortgage loans. They have less stringent credit qualifications than some other loans.

  • Up to 97.75% Financing on a rate/term refinance
  • Up to 85% Financing on a cash out refinance
  • 55% Debt to Income Ratios
  • Streamline FHA refinances are available without appraisals
  • Please Contact Us for more information on the loan limit for your county.

VA Loan

A mortgage that is guaranteed by the Department of Veteran’s Affairs and made available to any qualified Veteran, Active Duty MIlitary Personnel, some members of the Reserve and National Guard, and some qualifying widows. They are made available to a borrower with a low down payment.

  • 100% Financing on rate/term refinance
  • 90% Financing on cash out refinance
  • 55% Debt to Income Ratios
  • No monthly mortgage insurance
  • VA Eligibility must be current
  • Please Contact Us for More Information

Conventional Loan

A conforming mortgage meets the requirements to be eligible for purchase or securitization by one of the government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. These requirements include the size of the loan, type and age. These requirements change from year to year and vary by state.

  • 95% Financing on rate/term refinance
  • 85% Financing available on cash-out refinance
  • Up to 50% Debt to Income Ratios
  • No MI on loans at or below 80% of the appraised value.
  • Please Contact Us for More Information

USDA Loan

(USDA) United States Department of Agriculture, other known as Rural Development loans are primarily used to help low – middle income individuals or households to purchase homes in rural areas. Applicants for loans may have an income of up to 115% of the median income for the area. Applicants must have reasonable credit histories.

  • 100% Financing available on rate/term refinance
  • Up to 41% Debt to Income Ratios
  • New term of the refinance loan must be 30 years
  • Much Lower monthly MI than other loans
  • Please Contact Us for property and income eligibility

Reverse Mortgage Loan

A type of loan that allows seniors homeowner to use the funds from their built-up equity. There are no payments due until the borrower moves, or the property is sold. The final payment will not exceed the proceeds from the sale of the home.

  • No monthly mortgage payment
  • Have to be 62 or older to qualify
  • No Debt Ratio requirements
  • Can get cash out and recieve it monthly or all at once
  • Please Contact Us for more details

DU Refi Plus Loan

Desktop Underwriter Refi Plus (DU Refi Plus™), a new program offered by Fannie Mae can make refinancing faster and easier for many homeowners. Potentially, millions of Americans can benefit from the streamlined refinancing. As a part of the Making Home Affordable Program the government recently introduced to improve the housing market.

  • Up to 105% Financing available
  • Rate/ term refinance only
  • Up to 50% Debt to Income Ratios
  • Has to be an existing Fannie Mae loan
  • If you have a 2nd mortgage it has to be subordinated
  • Please Contact Us for more details

Harp 2.0 Loan

  • Up to 125% Financing available
  • Rate/term refinance only
  • Up to 50% Debt to Income Ratios
  • Has to be an existing Fannie Mae loan
  • The mortgage must have been sold to Fannie Mae on or before May 31, 2009
  • Please Contact Us for more details

Jumbo Loan

Any mortgage that exceeds the limits set by Fannie Mae, Freddie Mac and Ginnie Mae.. These loan amounts are typically above $417,000. These mortgages have a higher interest rate than a conventional mortgage.

  • Up to 80% Financing available for rate/term refinance
  • Up to 60% Financing available for cash out refinance
  • Up to 45% Debt to Income Ratios
  • No monthly mortgage insurance
  • Please Contact Us for more details