PURCHASE TRANSACTIONS  (FIXED OR adjustable RATE LOANS)

Available in 15,20, or 30 year loan terms

 

mortgage preferred

• Finance up to 97% of purchase price for owner occupied properties
• Cannot be used for investment properties

 

GUARANTEED LOAN PROGRAMS

Finance up to 100% of property value

 

• U.S. Department of Veterans Affairs (VA) Home Loan
  • Geared for eligible service members, retirees or survivors, this loan was designed to relieve down payment requirements so the applicant or borrower only comes up with allowable closing costs.

 

• U.S. Department of Agriculture (USDA) Single Family Housing Loan
  • Geared to help borrowers in the low to moderate income range that may not have the resources for a down payment or closing costs. Eligibility based on total household size and income.

 

Adjustable rate mortgage loans

• Finance up to 90% of the purchase price for owner occupied properties
• Finance up to 75% for investment properties

 

Land loans

• Use to purchase land for construction or investment
• 75% - 80% financing for vacant land purchases
• Up to 100% financing if purchase is not greater than $30,000
• 12 month to 15 year loan terms available