FHA Loan

Great for borrowers with non-traditional credit like self-employed borrowers. FHA has no income limit or geographic restrictions. Typically has a lower down payment, lower monthly insurance premiums and lower closing costs. The FHA loan is perfect for first time home buyers and families with low to moderate income levels.

Refinance

Perfect for someone who has been in their home for several years and has paid down the principal balance. With this equity you can use it for lager purchases, like an addition to your house, a new car and college tuition.

Conventional

One of the most costly loans up front, with the borrower having to put 20% down. But often times it has the lowest priced interest rates.

Rural Development Loan

A hidden gem for buyers looking for a no down payment option and open to living in a rural location. This loan is backed and guaranteed by the United States Department of Agriculture. With this loan a person may borrow up to 102% of the appraised value of the home. Besides location requirements, must be single family and owner occupied housing. 30 yr. fixed rate mortgage.

FHA 203k

“The repair loan” is the most diverse home improvement loan. Use this loan for upgrades, remodels and building of a new structure on a house you own or will own. You can borrow up to 96.5% of the appraised value after the improvements are done.

HomePath Renovation

Home improvement loan allowing a borrower to purchase a Fannie Mae owned property that requires light to moderate renovation. Requires a small down payment, flexible terms, and no mortgage insurance. Renovation amount based on appraisal “as completed” value (up to $35,000)

HomePath

Allows a borrower to purchase a Fannie Mae owned property with a low down payment, flexible mortgage terms, no lender requested appraisal and no mortgage insurance. Can be used for primary homes, second homes and investment properties.

VA Loan

Loans guaranteed by the U.S. Department of Veteran Affairs, available for Veterans and their spouses, widows and widowers. These loans require no down payment, have generous credit standards, low closing costs and negotiable interest rates.