Loan Programs

You will find us to have the deepest line-up of residential home loan programs. Since we are a division one of the largest mortgage lenders in the nation, it allows us to be competitive in all scenarios and loan program options. Below, you will find some information on the basic type of mortgage financing.

Conforming Financing

Conforming Financing

A conforming mortgage is one that meets the eligibility and guidelines requirements of either Fannie Mae (FNMA) or Freddie Mac (FHLMC) (“Agencies”), the two companies chartered to create a secondary market for the purchase and sale of mortgages. This resulted in standardized guidelines, providing an equal playing field for consumers. Conforming loans are a practical option for those with higher credit scores.

  • Low fixed and adjustable interest rate options
  • Loan amounts up to the county Jumbo loan amount threshold
  • First-time home buyer down payment options as low as 3%
  • No mortgage insurance required with 20% down
  • Mortgage insurance options such as lender paid (LPMI), single premium, split premium, refundable and more
  • Mortgage insurance that can be removed without having to refinance
  • Credit score down to 620
  • Allows gifts funds, seller credit, agent credit, and down payment assistance funds
FHA Financing

FHA Financing

FHA is a Government backed mortgage insured by the Federal Housing Administration. FHA, erroneously classified as “the loan program for first time home buyers”, was designed to make home ownership more accessible to those unable to meet the eligibility requirements of Conforming financing. You do not have to be a first-time home buyer to obtain an FHA loan.

  • Low interest rates
  • Fixed rate and adjustable rate options
  • Loan amounts maximums determined by FHA, for each county
  • Down payment option as low as 3.5%
  • Mortgage insurance is required regardless of down payment percentage
  • Flexible credit guidelines
  • Allows gift funds, seller credit, agent credit, and down payment assistance funds
VA Financing

VA Financing

A Government backed mortgage designed to make home ownership accessible to eligible Veterans and to help Veterans purchase with no down payment and no mortgage insurance requirement. If you are a Veteran with benefit eligibility, you’ll want to consider the strengths of VA financing.

  • Low interest rates
  • Fixed rate and adjustable rate options
  • No down payment required (up to the county loan limit)
  • No mortgage insurance
  • Flexible credit guidelines
  • High debt ratios allowed
  • Allows gift funds, seller credit, agent credit, and down payment assistance funds to offset closing costs
First-Time Financing

First-Time Home Buyer (FTHB) Financing

It is such a joy and pleasure helping our first-time home buyers. We are well-versed and experienced in all FTHB options. Here’s a portion of FTHB financing options:

  • 3.5% down FHA
  • 3% down Conforming
  • 0% down VA
  • 0% down USDA

Please click below for more information that all First-Time Home Buyers should know.

More Information
Jumbo Financing

Jumbo Financing

Jumbo refers to loan amounts that exceed the Conforming county loan limit where the property is located. Jumbo eligibility and guideline requirements are quite strict compared to Conforming, FHA, VA or USDA but, for those with exceptional credit, high income, 20% down and plenty of cash reserves left over, Jumbo financing offers exceptional loan terms.

  • Low interest rates
  • Fixed rate and adjustable rate options
  • Loan amount exceeding $803,500
  • Higher LTV options are available
  • Credit score down to 660
Non-Qualified Mortgage Loans (Non-QM)

Non-Qualified Mortgage Loans (Non-QM)

Conforming, FHA, VA, USDA and most Jumbo loan programs are considered “QM” mortgages. Sometimes, however, a home buyer’s situation may not fit neatly in the box of conventional or mainstream guidelines. This is where the Non-QM loan options can help. Business owners, for example, can benefit from the alternative methods of income calculation allowed by many Non-QM programs. If you have been turned down for agency financing, we may have a solution for you.

Secondary Financing

Secondary Financing

Secondary financing refers to second mortgage options. Second mortgages are commonly used in conjunction with first mortgages to purchase a home. Second mortgages are also great options, in lieu of first mortgage refinancing, when interest rates have increased. Here are some features of secondary financing options we offer:

  • Fixed Rate Second Mortgages options
  • 5, 10, 15, 20 or 30 year terms
  • Credit scores as low as 640 allowed
  • Can borrow up to 90% of the home’s value