Mortgages can be overwhelming… We’re here to help you weigh your options and decide what makes the most sense for your situation. Each program is capable of accomplishing a home purchase, rate and term refinance and cash-out. Give us a call or email to help walk through each one and see which is right for you.
Conventional loans are the most strict with regards to credit requirements. They are best used when you have a high credit score and decent equity. Some key advantages of this program are that they allow down payments as low as 3% and offer no mortgage insurance with 20% or greater equity.
FHA loans are more flexible on their credit requirements. This program is best used when your credit scores are in the middle to low range. Some key advantages of this program are that it does not penalize lower credit scores as much as conventional loans and offers 3.5% down on purchases.
VA loans are exclusive to qualified active duty personnel and veterans. This program is a mixture of a conventional loan and FHA loan. VA loans do not have mortgage insurance, are flexible on their credit requirements and do not penalize middle to lower credit scores as much. They also offer financing up to 100% in most situations.
We offer flexible loan terms that range from 8-30 years. If you don’t want to lose the progress you’ve already made on your mortgage, we can set a custom term to keep the progress you’ve made.