FHA Loan

An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). Available to all consumers who want to refinance or purchase a new home, an FHA loan is the ideal loan program if you have a lower credit score, lower income or limited cash available.

Benefits of an FHA loan:

•New, higher loan amounts
•Cash-out refinancing up to 85% loan-to-value
•Up to 96.5% loan-to-value for purchases and no cash-out refinance loans
•Only a 3.5% down payment required
•Financing of most closing costs
•Flexible underwriting criteria to help lower credit and lower income

Conventional Loans

Conventional loans offer low interest rates and no monthly mortgage insurance premiums - saving you even more money. You can get a Fixed Rate or an Adjustable Rate Mortgage Conventional loan, depending on your needs. Conventional loan programs are available for single family to four family unit homes.

Veteran Administration Loan

If you are serving in the military, National Guard or Reserve, a veteran or a surviving spouse of a veteran, you may be eligible for a Veteran Administration (VA) loan.

Benefits of a VA loan:

•100% financing available on loans for new home purchases
•No Monthly Insurance Premium

Jumbo Loans

Loans that exceed the $417,000 loan limit are considered jumbo loans . You can still take advantage of today's historical low interest rates to purchase your new home through a Jumbo loan program. In addition to a lower interest rate, our jumbo loan program does not include mortgage insurance premiums - saving you even more money

Home Affordable Refinance:

The federal government has released a new mortgage refinance loan program that helps homeowners with Fannie Mae loans qualify for today's historically low rates. Even if your loan-to-home value is 125% and you have been turned down in the past, you may still qualify under this special government program.

The goal of the refinance effort, as announced by the President, is "to provide access to low-cost refinancing for responsible homeowners suffering from falling home prices." Refinancing a Fannie Mae loan will put responsible borrowers in a better position by reducing their monthly principal and interest payments or moving them from a more risky loan structure (such as interest-only or short-term ARM) to a more stable product. 

Benefits of a Home Affordable Refinance:

•Low-cost refinancing
•Reduced monthly principal and interest payments
•Stable loan structure

Reverse Mortgage

What is a reverse mortgage and how does it work?
The short answer: Your home pays you.
A reverse mortgage is a special loan than enables homeowners who are at least age 62 to turn the equity in their homes into cash payments that can be used for any purpose—while they continue living in their homes.

Many seniors have built up sizable equity in their homes. At retirement, that long-term investment can help provide a comfortable retirement.

Similar to a home equity loan, a reverse mortgage enables you to borrow against your home’s value. However, you will never repay the loan for as long as you live in your home. Your home pays you in monthly installments, a lump sum, a line of credit, or any combination of disbursements.

Repayment only becomes due when:

You die
Or you sell the home
Or you relocate permanently
Or you fail to maintain your home or meet obligations such as property taxes

With any of these conditions, the reverse mortgage becomes due. Either you or your heirs would then typically sell the home or refinance with a conventional mortgage to pay off the reverse mortgage balance.


Who is eligible?
In addition to the 62-year minimum age requirement, homeowners must own their home outright or have only a small mortgage balance, and they must live in the home as a principal residence. There are no income restrictions.


Additional facts
There are no income or credit qualifications; the home alone secures the loan
Loan amounts vary according to factors such as age, current interest rate, home value, home sales price and
FHA mortgage limits
Generally, the more valuable your home is, the older you are, the lower the interest, the more you may borrow – up to 75% of a home’s value in some cases


This overview provides just some of the highlights of a reverse mortgage

USDA Loans

In 2009 the USDA enacted changes that made millions of borrowers eligible for their rural mortgage programs. Many home buyers dream of purchasing a home but don't necessarily have the cash on hand to make the hefty 20% down payment required by a conventional home loan.

USDA mortgages stand alone as the only zero money down program available to borrowers that have not served in the military. Eligible borrowers will be hard pressed to find a loan program that offers more favorable terms.



Who Qualifies for a USDA Mortgage?
USDA Loans used to be considered "farmers loans" but that is simply not the case anymore. Just about anyone looking to purchase a home outside a major metropolitan area can qualify for a USDA Loan.

Some of the eligibility standards that determine if you qualify for a USDA loan for your home include what county and zip code the home resides in, your current income and credit history, as well as the number of dependents you can claim. Because these guidelines are very specific, it is important to work with a company that has experience dealing with USDA government financing to help determine your eligibility.