Loan Programs

  • What is needed to apply
    Photo identification, W2s for past two years, pay stubs for the previous 30 days, bank statements for last two months
  • Conventional Loans
    -Competitive interest rates across all of our lenders
    -Purchase a home with as little at 5% down
    -Residential investment properties with 20% down
    -Refinance to shorten term and/or improve your rate
    -Cash-out refinances to pay off debt or finance home improvements
  • -Move in with no cash out of pocketn
    -Seller can pay all or part of closing costs
    -Home must be located in rural area and income limits apply
    -Visit to check income limits per county as well as specific home eligibility
  • Veteran Loans
    -No down payment or mortgage insurance in required
    -Closing costs may be paid by seller
    -Great refinancing benefits too!
    -Interest rates are typically 0.5% less than conventional programs
  • FHA: Federal Housing Administration insured loans
    -Only 3.5% down payment is required
    -1-4 unit homes are accepted
    -No income limits to be approved
    -Relative can co-borrow if needed
  • FHA 203K Purchase/ Remodeling Loans
    This program is designed for purchasing a home at a low cost, or refinancing to get extra money for remodeling by borrowing up to 96.5% of the expected finished value.
    -The maximum $35,000 renovation budget can be used for updating kitchen, bathrooms, siding, roofing, appliances, and more
  • Conventional Renovation Loan
    The sky is the limit- anything that adds value to the home is acceptable in this program.
    -Build a garage
    -Remodel rooms,
    -Landscaping and exterior living space
    -Or any other upgrade that adds value to the property
    -Must use a licensed general contractor, no self-help allowed
  • Mobile Home Loans
    -Conventional, Veteran Affairs, and Federal Housing Administration offer loan programs.
    -Home cannot be in a park or condominium project
    -Home must have been build after July 1976
    -Talk to one of our originators about the options available.