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WHAT WE DO
A manufactured or modular home can be financed through traditional loan programs, but utilize specific guidelines tailored to the unique property type.
Conventional Loans
A conventional mortgage or conventional loan is a home buyer's loan that is not offered or secured by a government entity. It is available through or guaranteed by a private lender or the two government-sponsored enterprises—Fannie Mae and Freddie Mac.
FHA Loans
Federal Housing Administration (FHA)
loans only require 3.5% down payment and have more flexible credit
score and debt-to-income ratio options. This is a
very popular option amongst first time homebuyers!
VA Loans
The VA loan is a $0 down mortgage option available to Veterans, Service Members and select military spouses. VA loans are issued by private lenders, such as a mortgage company or bank, and guaranteed by the U.S. Department of Veterans Affairs (VA).
Jumbo Loans
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $510,400 in most counties.
USDA Loans
A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.
Rate & Term Refinance
A rate-and-term refinance changes the interest rate, the term—
or both the rate and the term—of an existing mortgage without advancing new money. Rate-and-term
refinances often have
lower interest rates than
cash-out refinances
Cash Out Refinance
A cash-out refinance replaces your existing mortgage with a new home loan for more than you owe on your house. The difference goes to you in cash and you can spend it on home improvements, debt consolidation or other financial needs. You must have equity built up in your house to use a cash-out refinance.
Manufactured Homes
HELOC
Access the equity in your home and turn it into cash with a Home Equity Line of Credit (HELOC). A HELOC is a revolving source of potential funds, much like a credit card, that you use as you see fit with a fixed or variable interest rate. HELOCs are a second mortgage secured by your home that give you the flexibility to use the cash as you see fit.
Reverse Mortgage
A reverse mortgage is very different from a traditional mortgage. It is a financial agreement in which a homeowner relinquishes equity in their home in exchange for regular payments, typically to supplement retirement income.
Non-Traditional
Don't see what you need here? Contact us today about non-traditional borrowing options that might be right for you.
Construction Loans
A construction loan (also known as a “self-build loan") is a short-term loan used to finance the building of a home or another real estate project.
Fixed Rate
A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. This allows the borrower to accurately predict their future payments.
Adjustable Rate
A variable-rate mortgage, adjustable-rate mortgage, or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted
based on an index which reflects the cost to the lender of borrowing on
the credit markets.
Interest Only
An interest-only loan is a loan in which the borrower pays only the interest for some or all of the term, with the principal balance unchanged during the interest-only period.
Down Payment Assistance
Down payment assistance (DPA) helps home buyers with grants or low-interest loans that reduce the amount they need to save for a down payment.
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