Loan Programs

 Conventional loans are not insured or guaranteed by a government agency. They typically require a higher credit score and a larger down payment compared to other loan programs. Conventional loans offer flexibility in terms of loan amounts and property types, making them popular for home purchases and refinancing. 

 Backed by the Federal Housing Administration (FHA), FHA loans are designed to assist first-time homebuyers and borrowers with lower credit scores. These loans require a lower down payment (as low as 3.5%) and more lenient credit qualifications. FHA loans also have mortgage insurance premiums that borrowers are required to pay. 

 VA loans are available to eligible veterans, active-duty service members, and surviving spouses. These loans are guaranteed by the Department of Veterans Affairs (VA) and offer favorable terms, including no down payment requirements and lower interest rates. VA loans also have flexible credit requirements. 

 The U.S. Department of Agriculture (USDA) offers USDA loans to help borrowers in rural and suburban areas achieve homeownership. These loans offer 100% financing (no down payment) and competitive interest rates. USDA loans have income limits and property eligibility requirements. 

 Jumbo loans are designed for borrowers who need financing above the conforming loan limits set by Fannie Mae and Freddie Mac. These loans are typically used for high-value properties. Jumbo loans usually require a larger down payment and have stricter qualification criteria. 

 ARMs have an initial fixed interest rate for a certain period (usually 3, 5, 7, or 10 years), after which the rate adjusts periodically based on market conditions. ARMs offer lower initial interest rates and payments but come with the potential for rate increases in the future. 

 Fixed-rate mortgages have a set interest rate for the entire loan term, usually 15 or 30 years. With a fixed-rate mortgage, the interest rate and monthly payments remain constant throughout the loan term, providing stability and predictability for borrowers. 

What is a HELOC Loan?

A HELOC loan or home equity line of credit is a second mortgage with a revolving line of credit borrowed against the equity of your home and offers a flexible way to borrow funds. HELOC loans differ from traditional home equity loans in that you can draw money from a HELOC as needed instead of taking out a single lump sum loan.

How Does A HELOC Loan Work?

Since a HELOC loan is a revolving line of credit similar to a credit card, you can borrow funds up to a set credit limit, a

Unlock the value of your home with a reverse mortgage. A reverse mortgage is a unique financial solution that allows homeowners aged 62 and older to convert a portion of their home equity into tax-free funds, without the need to sell or move. With a reverse mortgage, you can receive monthly payments, a lump sum, or establish a line of credit, providing financial flexibility and peace of mind in your retirement years. Enjoy the benefits of tapping into your home's equity while retaining ownership

 These loans consider the income shown on bank statements instead of traditional tax documents, making them suitable for self-employed individuals or those with variable income. 

 These loans allow borrowers to use their assets, such as investments, retirement accounts, or bank accounts, to demonstrate their ability to repay the loan, even if they don't have traditional income sources. 

 With interest-only loans, borrowers have the option to make only interest payments for a specified period, typically 5 to 10 years, before transitioning to principal and interest payments. This can help lower monthly payments during the interest-only period. 

 Non-warrantable condo loans are designed for condominiums that do not meet conventional loan guidelines, such as those with excessive investor ownership or inadequate financial reserves. 

 These loans cater to non-U.S. citizens or residents who want to purchase property in the United States. They consider alternative forms of credit and may have higher down payment requirements. 

SISA loans allow borrowers to state their income and assets without providing traditional documentation. These loans are typically used by self-employed individuals or those with difficulty verifying their income through standard means. 

 Jumbo non-QM loans are for high-value properties that exceed the loan limits set by conventional loan programs. They offer financing options for luxury homes or properties in high-cost areas. 

  Unlock the potential of your income-generating property with our DSCR (Debt Service Coverage Ratio) loans. Designed specifically for commercial real estate investors and business owners, our DSCR loan program assesses the property's income and expenses to determine eligibility, placing less emphasis on personal income or creditworthiness.  

Unlock the value of your home with a reverse mortgage. A reverse mortgage is a unique financial solution that allows homeowners aged 62 and older to convert a portion of their home equity into tax-free funds, without the need to sell or move. With a reverse mortgage, you can receive monthly payments, a lump sum, or establish a line of credit, providing financial flexibility and peace of mind in your retirement years. Enjoy the benefits of tapping into your home's equity while retaining ownership