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Conventional
Traditional loan programs that usually
require 5% down and offer competitive
interest rates. Documentation and
fair-to-good credit are necessary.
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100% Rural Development Loan
/ No PMI
0% down payment required and closing
costs paid by the borrower (seller can
contribute up to 6% towards closing costs).
This loan is not subject to PMI.
Subject to income and area restrictions.
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Credit Problems
Troubled credit? Bankruptcy? Been turned
down somewhere else? We offer loan programs
for customers with credit problems.
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Jumbo Loans
Offers 30 and 15 year fixed rate mortgage
and competitive ARM products with full
document, alternate documentation and
limited documentation.
Cash out and No cash out refinance are
allowable. Single family detached, Condo's,
PUD's and single-family second homes can be
financed with no prepayment penalty.
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Challenged Credit Loans
These mortgages are for borrowers with
less-than-perfect credit. They can vary from
slightly damaged credit to severely damaged.
Regardless of your situation, we have a
mortgage that will get you back on track.
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High Debt Ratio Loans
A ratio of monthly bills to monthly
income higher than 50% is considered a high
debt ratio. Loan programs are available for
borrowers in this situation, allowing them
to finance the purchase of a home or
property.
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Second Mortgage Loans
Subordinate to the first mortgage, these
loans offer the borrower the ability to get
money for home improvement, debt
consolidation, or many other reasons without
disturbing their first mortgage. Convenient
when you have a low interest first mortgage.
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Construction Loans
Building a new home can be an exciting
prospect - unless you get caught up in a
construction loan approval process that is
overly complicated and time consuming. With
this loan, we will finance up to 90% of the
cost of land plus the costs of construction.
We offer a one-time fixed rate closing or
traditional ARM products.
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Investor Loans
Used to finance 1-4 family properties
that will be for investment with as little
as a 10% down payment. Aggressively priced,
these programs have many variations,
including: No Doc, Limited Doc, and Full
Doc. Program may not be available in some
states.
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FHA Mortgage
Backed by the Department of Housing and
Urban Development, this mortgage offers the
borrower the ability to put as little as 3.5%
down payment – and they can even finance
“allowable” closing costs. Seller can
contribute up to 6% of the purchase price to
the buyer towards closing costs.
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Step Up FHA Mortgage
This program allows the purchaser to finance
3% back into the loan which allows the seller
to pay up to 6% toward closing cost with only
50% out of pocket, with the income limit of
$97,000 and no target areas.
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Flex 97%
Similar to FHA, but without maximum
mortgage amount limitations. Must be a
single family, owner occupied home and
borrower must have a credit score of over
680.
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VA Mortgages
Backed by the Veterans Administration and
the federal government, it is similar to FHA
except that you have to be a qualified
Veteran or military person.
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