Loan Programs

We Offer a Variety of Loan Programs and Options to Assist You in Your Home Ownership Journey

• Down Payment Assistance: Provides financial help to cover part or all of the down payment on your home purchase. Ieal for first-time homebuyers or those with limited funds for upfront costs. This assistance can come in the form of grants, loans, or other programs designed to make homeownership more accessible.
• FHA (Federal Housing Administration) Loan: A government-backed mortgage with lower down payment requirements and more flexible credit guidelines. Ideal for first-time buyers or those with less-than-perfect credit, FHA loans offer competitive rates and affordable access to homeownership.
• Conventional Loan:A standard mortgage not insured by the government, usually requiring a higher credit score compared to FHA loans. Conventional loans offer a range of terms and competitive interest rates for borrowers with strong credit profiles.
• VA (Veterans Affairs) Loan: A government-backed loan for eligible veterans, active service members, and their families. VA loans offer benefits such as no down payment, competitive interest rates, and no private mortgage insurance (PMI) requirement, making homeownership more attainable for military families.
• One-Time Close (New Construction) Loan: A single loan for purchasing and building a new home, covering both the construction and permanent financing phases. This streamlined process simplifies the journey from blueprint to move-in, reducing paperwork and closing costs.
• 203k Rehab Loan: A type of FHA loan that includes funds for both purchasing a home and renovating it. Ideal for buyers looking to purchase a fixer-upper or homeowners looking to remodel, this loan provides financing for home improvements and repairs.
• Refinance: The process of replacing an existing mortgage with a new one, often to obtain a lower interest rate, reduce monthly payments, or change the loan term. Refinancing can also be used to tap into home equity for other financial needs.
• Home Equity Loans: A loan that allows homeowners to borrow against the equity in their home, typically in a lump sum. Ideal for funding major expenses like home improvements, debt consolidation, or large purchases, these loans use your home as collateral.
• Investment Properties: Mortgages specifically designed for properties purchased to generate rental income or for resale. These loans often require a larger down payment and higher interest rates compared to primary residence mortgages, reflecting the additional risk.
• Debt Consolidation: Using a home equity loan or cash-out refinance to combine and pay off high-interest debt, such as credit card balances or personal loans. This approach can simplify payments and potentially lower overall interest costs by leveraging your home’s equity.
• Jumbo Loans: A mortgage loan that exceeds the loan limits set by Federal Housing Finance Agency (FHFA)