Mortgage Services

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There’s nothing other lenders can offer that we can’t, but it’s important to realize that every mortgage situation is as unique as the person applying. There are a great many more factors that determine your best mortgage option than other companies or lenders would have you believe. We don’t pretend that there is a simple solution that can be found in a few clicks, but we are absolutely ready to do what it takes to get you where you need to be. Talk to us. Ask us. We will simplify any terms you don’t know and explain the nuances of available mortgage programs so that you can make the best mortgage decision. Following are a few key points that may be helpful to you, but if you really want to understand your options, we should start a conversation.

VA Loans

A VA loan is a home loan guaranteed by the U.S. Veterans Administration. VA-guaranteed loans are available to eligible veterans and unmarried surviving spouses who can show entitlement through a Certificate of Eligibility. Eligible veterans may be able to purchase a home with no down payment and no cash reserve. The VA establishes the maximum loan amounts and eligibility requirements.

Have military experience? You’re in good company. Gather up your DD214 and call us to get started.

Benefits of VA Loans

  • You can lock in a loan with no down payment
  • Receive low monthly payments
  • No mortgage insurance is required
  • Lender credits for closing costs available

FHA Loans

Overview of FHA Loans

  • FHA loans can be used for a home purchase or a refinance
  • Easiest type of real estate mortgage loan to qualify for because it requires a low down payment and you can have less-than-perfect credit
  • FHA insures your mortgage, making lenders more willing to offer loans
  • FHA loans may be assumable, meaning if you want to sell your home, the buyer can “assume” the loan you have
  • More flexibility when it comes to qualifying for a new mortgage following a bankruptcy or foreclosure

Qualification Checklist

  • Steady employment history or worked for same employer for the last two years
  • Valid Social Security number, lawful residency in the U.S., and of legal age to sign a mortgage in your state
  • A minimum down payment of 3.5% (money can be gifted by a family member)
  • A property appraisal from an FHA-approved appraiser
  • Flexible standards on debt-to-income ratio
  • A minimum credit score of 620

USDA Loans

A USDA home loan is a zero-down loan program that is great for first-time homebuyers or someone who does not currently own property. Requirements related to income and geographic location must be met in order to be eligible for a USDA loan, so call us to find out if you qualify.

Conventional Loans

Conventional loans may be conforming or non-conforming. These loans have terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac. These two corporations purchase mortgage loans complying with the guidelines from mortgage lending institutions.

Conforming Loans

  • 1-4 family properties and Fannie Mae-approved condominiums
  • Loan amounts up to $417,000 ($625,000 in higher market areas)
  • Rates are determined by an evaluation of risk, ensuring the best rate available
  • Flexible mortgage insurance options are available, including a non-monthly payment option
  • Can put as little as 3% down on a purchase

Non-Conforming

  • Does not conform to Fannie or Freddie guidelines
  • Higher loan balances
  • Specialty loans such as ARMs and no PMI options