Loan Products
HARP Loan
Home Affordable Refinance Program is a government program designed to help homeowners refinance with a new, more affordable, more stable mortgage.The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.
203k Renovation Purchase
This FHA guaranteed loan provides money for purchasing a home, plus funding to repair or renovate it. Regular 203k loans, which are for major projects, provide up to 110% of the projected value after improvements. Streamline 203k loans provide funding for smaller projects – renovations up to $35,000.
203k Renovation Refinance
This FHA program combines refinancing with a home improvement loan. Regular 203k loans, which are for major projects, provide up to 110% of the projected value after improvements. Streamline 203k loans provide funding for smaller projects – renovations up to $35,000.
Homestyle Renovation Mortgage
A Homestyle Renovation Mortgage combines home purchase or refinance with home improvement financing in one loan… with the benefit of just one closing.The maximum loan amount is $417,000. And unlike a 203k loan, a Homestyle mortgage can be used to fund the installation or repair of “luxury” items such as landscaping, outdoor kitchens, spas and pools.
Homepath Mortgage
Rural Mortgage
This U.S. Department of Agriculture program is designed to help low to moderate income individuals and families purchase a home with no down payment. The property must be in a rural area as defined by the USDA. Funds from the loan can be used to buy, build, repair, renovate or relocate a home.
VA Mortgage
Conventional Purchase
These loans provide funding for the purchase of a home.They typically feature lower rates than government backed loans. And down payments can be as low as 5%. However, conventional loans require higher credit scores.
Conventional Refinance
These loans can help put homeowners in a better financial position. Conventional loans typically feature lower rates than government backed loan. However, they require higher credit scores and down payments of up to 20%.
FHA Purchase
These loans are guaranteed by the Federal Housing Administration. They allow people with lower credit scores to purchase a home with a small down payment. FHA loans require an upfront mortgage insurance premium as well as ongoing premiums.
FHA Refinance
These loans can help homeowners reduce payments or the term of the loan. They are backed by the Federal Housing Administration. Although they require mortgage insurance, FHA loans offer more flexible qualification requirements.
