Loan Programs

We have a loan program to fit your needs.  Whether you are a first time home buyer or are purchasing a second or vacation home, we have a program that will fit your needs.

USDA Rural Development

Rural Development loans are popular because they offer 100% Financing. The house must be located in an eligible area, and household income can’t exceed $74,050 for a family of 1-4 or
$97, 250 for a family of 5-8
-100% Financing
- No Monthly Mortgage Insurance
- 640 Minimum credit score, but can possibly go to 600 with a waiver

FHA

FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.
-3.5% minimum down payment required
-640 minimum credit score
-Maximum loan amount is $271,050

Conventional

Most conventional loans are done to avoid PMI (private mortgage insurance) by putting 20% down. They are also done on second homes and re-finances with 80% or less LTV
-Programs from 5%-20% down
-660 Minimum Credit Score
-Maximum Loan Amount is $417,000

VA

First and foremost, thank you for your service. The VA loan is a great option for service veterans. If you plan to use your VA Benefits, contact me as soon as possible se we can get your certificate of eligibility, because that can sometimes take a couple of weeks.
- 100% Financing
- No monthly mortgage insurance