The 7 Most Popular Home Loan Programs and Who They’re Perfect For
One of the popular home loan programs we offer is the benefit of a VA home loan to military members and veterans. When refinancing or buying a home take advantage of the lowest interest rate and monthly payment. We offer loan amounts up to $3,000,000. There is no money down required and no mortgage insurance required with a VA home loan. We thank you for your service in addition to your courage, we are proud to serve in return and are honored to be of service.
First time home buyers this home loan is perfect to use when buying a home. You only need 3.5% down payment and the interest rate offered is usually lower than conventional financing. Another advantage of the FHA home loan program is the ability to qualify for a higher debt to income ratio than a traditional conforming loan or jumbo loan would allow making it possible to increase your purchasing power when choosing this program. County loan limits apply.
The 30 year and the 15 year fixed rate home loan are popular home loan options. The 30 year fixed is most commonly used when buying a home. After years go by it may make sense to refinance into a 15 year fixed rate home loan which typically offers a lower interest rate and will pay off the loan in 15 years rather than starting another 30 year fixed rate term.
Use a home equity line of credit to pay off high interest rate credit cards, auto loans, and student loans. You also can keep the balance at zero with no monthly payment for future use. We provide the fastest online application to qualify in only five minutes. Get funds fast with no appraisal required and we lend up to $400,000 loan amount.
Investors enjoy the benefits of a 40 year fixed rate home loan option when buying an investment property or refinancing your investment property. We offer common sense lending and make it easy when you apply. The 40 year term spreads the payments out to keep monthly payments lower.
Buy your home or refinance with popular home loan options with no income documentation required. To qualify you must have a minimum 640 FICO score and show adequate reserves. When you refinance we can use the cash out as reserves to qualify for your home loan.
Great for fix and flip projects or difficult to finance properties because of poor condition. Use this loan option for properties with fire damage, water damage, and cannot pass a lenders appraisal inspection. We offer financing with interest only options to keep the payment low. These loans are short term one to five years fixed and then are due in full.
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