Loan Programs

What is needed to apply

Photo identification, W2s for past two years, pay stubs for the previous 30 days, bank statements for the last two months.

Conventional Loans

Conventional Loans

  • Competitive interest rates across all of our lenders
  • Purchase a home with as little at 3% down for first-time buyers or 5% down if not a first-time buyer
  • 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

First Time Homebuyer Program

First Time Homebuyer Program

The First-Time Home Buyer Program is offered by the Centre County Commissioners. If you qualify, the trust fund provides down payment and closing costs assistance.

USDA Rural Housing

  • Move in with little to no cash out of pocket
  • Seller may pay all or part of closing costs
  • Income caps vary by county
  • Home must be located in rural area
  • Visit https://eligibility.sc.egov.usda.gov/ to check income limits per county as well as specific home eligibility

Veteran Loans

Veteran Loans

  • No down payment or mortgage insurance 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

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

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

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
  • Other improvements on case by case basis as long as they meet "as improved" valuation
  • Must use a licensed general contractor, no self-help allowed

Mobile Home Loans

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.