(Please Choose A Program)
Conventional 10, 15, 20, 25, and 30 year mortgages are available. The conventional loan limit can change year to year, and it is best to click the "contact us" icon to the left to find out today's conventional loan limit. Loans with less than 20% down, normally require PMI, although there are many programs that can eliminate of minimize PMI.
Most importantly, we have state of the art automation
that allows the buyer to provide just a few pieces of documentation and experience a full
loan commitment in a matter of hours or days, no matter how busy it is, or how complicated
your situation. It is literally possible to apply from work online, and
receive your loan commitment before you check your e-mail at home that evening. Use
the "contact us", or "apply online" icon to the left to get the latest
information.
Jumbo 15 and 30 year mortgages are available. We
provide Jumbo loans with as little as 3% down, and loan amounts of up to $2 million, $3
million, or $4 million. These mortgages can be used to purchase or refinance your
home. The conventional loan limit can change year to year, and it is best to click
the "e-mail" icon to the left to find out where today's Jumbo loan's start. The
Jumbo loan is merely a conventional loan which is greater that the conventional lending
limit. Loans with less than 20% down, normally require PMI, although there are many
programs that can eliminate of minimize PMI. We are Jumbo specialists and we
look for financial solutions to save you money today and 10 years from now.
Please use the "contact us" icon to the left to get the most up to date
information on the Jumbo loans.
FHA:
FHA loans are insured by the federal government. The FHA loan allows for more lienient
qualifying guidelines, and usually less money out of pocket. Even though FHA
requires a down payment of 2.25%, and requires the buyer pay 3% of the sales price into
the transaction, we can still show you how to buy a home using FHA financing and pay -0-
to own it. We have access to special FHA approved grant money that is available to
all FHA buyers, with no income limits, and you do not need to be a 1st time homebuyer. You
must click the "contact us" or "qualify me" icon to the left for the
latest on this special program.
FHA loans can be a fixed rate 15 or 30 year mortgage, or
also a 1 Year ARM. The FHA loan also allows for refinancing, and even cash out
refinancing.
VA:
The VA mortgage is a loan that is guaranteed by the federal government. The VA loan
is only available to eligile veterans, who normally have served for more than 180 days of
continuous active duty service, and an honorable discharge.
The VA loan also has a maximum loan limit, although we
now offer special higher VA loans to our customers. We lend nearly $50,000 more than most every other
VA lenders. For example, if the VA loan limit is $203,000, we can offer VA loans to $250,000!
You must click the "contact us" or "qualify me" icon to the
left the get the most up to date information on this very very unusual VA loan program.
CONSTRUCTION LOANS:
A construction loan is a loan used to pay the builder, as the home is being built, by
taking "draws" during the construction. Once the home is complete, the
loan may modify, or sometimes refinance to a permanent mortgage.
We offer construction/Perm loans, or C/P's, from as little as 5% down, and allow for cross-collateralization, and will lend up to $2 million, or more on an individual home. We also will lend on fixed foundation Modular homes (not mobile homes).
C/P programs and requirements continually change and it
is imperitive you click the "contact us" or "qualify me" icon to the
left for the most current information.
NO DOCS:
No Doc loans are available with as little as 3% down. We have
loans which provide for no income verification, no IRS 4506 forms, and a literal "No
Doc" loan. Our "No Doc" loan does not even require the borrower be
employed, and does not ask any information about employment, muchless income information.
Literally the only information needed is name, address, social security number, and
residence information for the past two years - that's it.
We are total specialists with self-employed borrowers and
"No Doc" style loans. If you have concerns about your financials and
believe you may be suited for this type of loan, it is a must for you to talk with the
experts. Click the "contact us" or "qualify me" icon to the left
to get the most recent benefits in No Doc loans.
CREDIT PROBLEMS:
Credit issues are a part of our society. If you have credit issues, you must be
pre-qualfied to identify what credit class you fall in. We are able to do tough
loans with as little as 5% down, not the 20% down most lenders want. In addition, we
offer stable fixed rate tough credit loans, not just ARM loans. We can provide
a buyer with a 30 year fixed rate mortgage, with only 5% down, and allow the seller to pay
the closing costs. If you need to borrow from your 401K, or Qualifying IRA - don't
worry, we will not even count the payment of that loan against you. In addition, we
will allow for qualifying ratios up to 45% of your gross income - still with only 5% down.
If this sounds like your scenario, you should click the "qualify
me" icon to the left for a free pre-qualification.
VACATION/2ND HOMES:
The largest growing segment is mortgage lending is the vacation home or second home.
As our baby boomers come of age, they have disposable income, and a desire to have
a future retirement home already in place. The second home financing is very
attractive. We can provide second home loans for as little as 10% down to $500,000 -
which is very aggressive. The best part is that there is no pre-payment penalty on
the second homes loans - which is important to those that expect to move permanetly into
their second home once they retire. Usually that means the primary home was sold and
the proceeds are used to payoff or paydown the mortgage on the second home.
If you are in the market for a second home, you should
contact us immediately via the "contact us" icon to the left for the latest
information on this very hot market.
REHAB LOANS:
We specialize in remodeling or rehab loans. Our special FHA or Conventional rehab
loans will allow you to purchase a home in need of repair, and take 'draws' to pay
contractors as work is completed to the home. What most people do not know, is that
we will allow for people to improve their existing perfect condition home, by adding such
things as a finished basement, an addition, a garage, or the like. If you add more
than $5,000 of improvements to your home, we can help.
In addition to the FHA program, we also are specialists
with conventional higher end Jumbo rehab loans, including loans to, in essence, raze a
house down to the foundation, and to rebuild the ultimate dream home. If you are
considering rehabbing your home - we need to talk. Use the "contact us"
icon to the left and ask for the latest rehab information.
INVESTMENT LOANS:
We do offer investment loans with as little as 10% down, not the 25%-30% that most lender
require. We are consultants for many investors in the area, assisting them not only
with loans, but also with identifying properties, and agents that specialize in these
areas.
If you are considering buying an investment property, we
urge you to contact us via the "contact us" icon to the left, to get the latest
information on investor loans.