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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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FHA Mortgage
Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3% 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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FHA 203k
FHA Rehabilitation Loan. Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to purchase a home and finance the costs to renovate and/or rehabilitate the home.
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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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OHFA
Conventional, VA or FHA state subsidized loans with 2nd mortgage and grant options. Heroes and Mortgage Credit Certificate (MCC) programs also available through OHFA.
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Rural Housing
0% down payment required and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs). Income and property location limitations exist. Please contact us for details.
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80/10/10
This is a loan which carries a second mortgage for up to 10% of the purchase price of the property. It is usually used when wishing to avoid PMI insurance or to keep your first mortgage under the FNMA/FHLMC limit to avoid Jumbo rates. The borrower puts down a 10% down payment and then finances a first mortgage up to the FNMA/FHLMC limit and a second mortgage of up to 10% of the purchase price. Another variation is a 75/15/5.
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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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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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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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Lot Loans
Finance the purchase of a lot without the requirement of building on the lot immediately.
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Commercial Loans
Products for retail buildings, apartment complexes and business loans.
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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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