Loan Programs

CONVENTIONAL – Traditional fixed- and adjustable-rates that typically require 3-5% down at a competitive interest rate. Certain income and asset documentation, as well as a good credit history are usually necessary in order to get the best rate and terms.

VA – Fixed- and adjustable-rates, backed by the Veterans Administration and guaranteed by the US government. Borrower must be an "eligible" veteran or active in the military.

FHA – Fixed- and adjustable-rates, backed by the U.S. Department of Housing & Urban Development. Offers the borrower the ability to put as little as 3.5% down (can be a gift). The seller can contribute up to 6% of the purchase price toward the buyer's closing costs.

JUMBO – Fixed- and adjustable-rate loans for more than $417,000 (up to several million). Income/asset documentation, eligible property types and occupancy requirements vary greatly. Since a slightly better rate on a large loan can result in a significant amount of savings over time, these loans emphasize the importance of working with a mortgage professional with knowledge of this segment of the industry.

FLEX-97 – A conventional alternative to the FHA loan, but with a higher maximum limit. Must be a single family detached primary residence purchase transaction and the borrower must have a low-mid credit score of 680 or higher.

HOME EQUITY – Subordinate to the first mortgage, offering the borrower the ability to access their equity to pay for home improvements, consolidate debts, etc. without refinancing their current mortgage. This is especially convenient when borrower already has below-present-market rates on the first mortgage.

CONSTRUCTION – We have established relationships with several lenders who specialize in new construction, and usually can finance up to 90% of the cost of land, plus most, if not all, of the costs associated with construction. To avoid some of the costs associated with the traditional “double closing,” we now offer a "one time close" construction/perm loan, on various terms.

INVESTOR – For borrowers who want to acquire single family (1-4 unit) residential properties that will be rented out or held for investment. Due to the wide variety of parameters for non-owner-occupied purchase and refinance transactions, it is recommended that you consult a knowledgeable mortgage professional.