Financing

Loan Options

Fixed Rate Mortgages

Benefits:

Predictable monthly payments throughout the life of the loan.
Refinance up to 95% of your primary home's value.
Purchase a primary residence with as low as 3% – 5% down.
No payment increase, providing financial stability and peace of mind.

Ideal for:

Individuals planning to stay in their homes for many years.
Those who prefer consistent mortgage payments.
Borrowers who value the security of knowing their payment will not change.

Adjustable Rate Mortgages (ARMs)

Benefits:

Lower initial payments compared to fixed-rate mortgages.
Opportunity to save money in the short term.
Flexibility to refinance or sell before the rate adjusts.

Ideal for:

Borrowers planning to move or refinance within the next 5 to 10 years.
Those expecting an increase in income or property value in the near future.

FHA Loans

Benefits:

Easier qualification criteria compared to conventional loans.
Low down payment requirements (as low as 3.5%).
Option to refinance with FHA Streamline loans, potentially with no appraisal.

Ideal for:

First-time homebuyers or those with imperfect credit.
Homeowners looking to refinance with flexible credit and income requirements.

VA Loans

Benefits:

No down payment required.
No monthly mortgage insurance (PMI).
Lower rates and potentially lower monthly payments.

Ideal for:

Veterans, active military members, and their surviving spouses.
Those looking for 100% financing options without the need for PMI.

Reverse Mortgages

Benefits:

Convert home equity into tax-free income without needing to sell.
No monthly mortgage payments required.
Retain homeownership and live independently.

Ideal for:

Senior homeowners (age 62+) looking to supplement their income.
Individuals wishing to access their home equity while remaining in their homes.

6203k Home Renovation Loans

Benefits:

Finance both the purchase (or refinance) and renovation of a home with one loan.
Wide range of improvements allowed, including structural and cosmetic changes.

Ideal for:

Buyers of fixer-uppers looking to customize or repair a property.
Homeowners wanting to make improvements to their current residence.

DSCR Loans (Debt Service Coverage Ratio Loans)

Benefits:

Approval based on property cash flow rather than personal income.
No personal income verification required.
Flexible underwriting criteria.

Ideal for:

Real estate investors looking to purchase or refinance rental properties.
Borrowers with strong rental income but complex tax returns that make traditional financing challenging.

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