Loan Products

What Loan Program Is Best For You?

100% USDA Financing

This product offers 100% Financing for qualified buyers as long as they fit into a geographic and income bracket In order to be eligible for many USDA (United States Department of Agriculture) loans, household income must meet certain guidelines. Also, the home to be purchased must be located in an eligible rural area as defined by USDA. To search for eligible property locations go to the following link here and click the “accept” button:

Unique features of this loan are:

  • No down payment required
  • 620 minimum Fico score for most lenders
  • Buyer cannot own another property at closing
  • Low amount of monthly mortgage insurance required
  • One time financed Funding Premium is financed into the loan amount, much like FHA
  • Underwritten to general FHA standards
  • Competitive interest rates
  • 6% seller/lender contribution allowed

HARP 2.0 Government Refinance

Rate and Term (no cash-out) refinance of existing Fannie Mae owned loan delivered to Fannie Mae prior to June 1, 2009. In addition to DU/DO validating eligibility, Fannie Mae also provides a lookup tool to help identify eligible properties:

Owner Occupied, Second homes and Investment properties are permitted.

New loan must provide a benefit to the borrower in the form of a reduced P&I payment of at least 5% or more stable program (i.e. Arm to Fixed, Reduced Term, Taking out of Balloon or Interest Only)

A borrower may be removed or added from the new loan subject to additional requirements

In some cases NO Appraisal required!

Unlimited Loan-to-Value on Primary residences, 125% Loan-to-Value on 2nd Homes, 105% on Investment Properties

Must have no 30 day lates on the mortgage being refinance within past 6 months.

Canadian Financing

  • Canadians Only (a non-U.S. Citizen with a valid passport and valid visa)
  • Adjustable rates (5/1, 7/1 ARM)
  • Purchase and Refinance rate and term (not available for cash out)
  • No pre-payment penalties
  • Up to 75% loan-to-value financing on Purchase
  • Self-employed okay
  • Eligible properties include single-family homes, condos and townhouses
  • Occupancy includes owner occupied and second homes, No Investment Properties
  • No previous bankruptcies or foreclosures permitted

FHA Streamline

Are you currently in an FHA loan? You have the ability to refinance NOW when rates are at an all-time low!!

  • Home worth less than you owe? No appraisal!
  • Not making much money? No income qualifying!

All we verify is that you’ve paid your FHA loan on time!

Example savings: On a loan with a balance of $165,000 at 6.50%, you could potentially have a monthly savings of $140!! On top of that, over the life of your loan, a possible savings of $56,587!!

Sound too good to be true? It’s not – these loans can be closed in less than 10 BUSINESS DAYS!!

VA Financing

VA home loans are to help veterans finance the purchase of homes with favorable loan terms. There are members of the Selected Reserve, active duty personnel and certain categories of spouses that may also be eligible for VA loan financing. You will need to provide a Certificate of Eligibility from VA to prove to the lender that you are eligible for a VA loan.

VA loans offer many benefits for the veteran:

  • Ensure that veterans are given equal opportunity to buy homes with VA assistance
  • No downpayment*
  • Limitations on closing cost
  • Allows seller/lender concessions to help pay closing cost
  • Single family residences and manufactured homes can be financed

There are some other benefits that you may want to check on. A great resource for any questions regarding eligibility and all benefits can be found here.

VA loans are unique and have features that only apply to them. VA-guaranteed loans are made by lenders (banks, savings and loans or other mortgage companies). If the loan is approved, VA guarantees the loan when it is closed. The guaranty means the lender is protected against loss if you fail to repay the loan. The guaranty amount does vary depending on the sales price of the home but generally goes up to a max of $36,000.

VA loans are for primary residence only and require full documentation for qualifying. VA loans also do not have any monthly mortgage insurance but they do have a funding fee. The funding fee is a percentage of your loan amount that is generally financed into your loan. The funding fee does vary depending on which type of service you were classified as (regular military or reserves/ National Guard). Money for down payment can also lower the amount of the funding fee. Veterans that are disabled may also be exempt from paying the funding fee.

* A down payment is required if the borrower does not have full VA Entitlement, or if the loan amount is greater than $424,100. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit standards, and property limits.

10% Down Jumbo Financing

  • 10% down with no mortgage insurance
  • 30 year and 15 year fixed options, and 5/1, 7/1 and 10/1 ARM’s available
  • Very Competitive Rates & Fees!
  • 700 Fico Score required
  • 45% Debt-to-income ratio limit
  • Primary Residence Only

* Eligibility subject to program stipulations, qualifying factors, applicable income requirements, and property limits. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.

97% LTV Conventional

  • First time homebuyers only
  • Loan amounts up to $417,000
  • Competitive Rates & Fees!

90% LTV 2nd Home

  • 10% down with monthly or single premium mortgage insurance
  • 30 year and 15 year fixed options, and 5/1, 7/1 and 10/1 ARM’s available
  • Loan amounts up to $424,100
  • Competitive Rates & Fees!

Apply Now!