CONVENTIONAL LOANS
Several choices with flexible terms and rates including fully amortized, 40 years terms.
JUMBO LOANS
5% down payment with no mortgage insurance
LOW DOCUMENT LOANS FOR SELF EMPLOYED
For self employed individuals
Bank statements or Profit and Loss Statements are used instead of tax returns
FHA LOANS
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.
FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Several choices with flexible terms and rates including fully amortized, 40 years terms.
JUMBO LOANS
5% down payment with no mortgage insurance
LOW DOCUMENT LOANS FOR SELF EMPLOYED
For self employed individuals
Bank statements or Profit and Loss Statements are used instead of tax returns
FHA LOANS
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.
FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.