VA

VA loans are mortgage loans designed for service members, veterans, and eligible surviving spouses. The Department of Veteran Affairs guarantees loans for VA-approved lenders in order to reduce the risk of loss if the borrower defaults on their mortgage payments.

VA refinance programs are designed for service members, veterans, and eligible surviving spouses. Some of the benefits of VA programs include:

• Relaxed credit and income requirements
• Higher loan-to-value caps
• 100% cash out allowed
• Mortgage insurance is not required
• No appraisal needed if you are currently in a VA program

If you are a service member, veteran or eligible surviving spouse than VA financing may be for you

USDA loans are mortgage loans designed to assist low to moderate income rural homebuyers achieve home ownership.

USDA refinance programs are designed to assist low to moderate income rural homebuyers achieve home ownership. Some of the benefits of USDA programs include:

• Relaxed credit requirements
• Higher loan-to-value caps
• Minimal mortgage insurance
• No appraisal is needed if you are currently in a USDA program

If you are currently in an USDA program than USDA financing may be for you.

Conventional loans are mortgage loans designed for individuals with excellent credit profiles. These programs have stricter credit and income qualifications

Conventional programs are designed for individuals with excellent credit profiles. These programs have stricter credit and income qualifications. Some of the benefits of conventional financing include:

• Mortgage insurance not required with 20% equity
• Mortgage insurance will end once 20% equity is reached
• Mortgage insurance is usually less when compared with FHA financing
• No appraisal needed if you meet certain criteria

If you have an excellent credit profile and in a position to make a larger down payment than conventional financing may be for you.

JUMBO

JUMBO programs are designed for those seeking financing that extends above the county loan limits set forth by Fannie Mae and Freddie Mac. If you are not located in a high cost area as determined by Fannie Mae and Freddie Mac and are looking for financing in excess of 417,000 than a jumbo program may be for you.

HARP

HARP loans allow homeowners that closed on or before May 31, 2009 who are backed by Fannie Mae or Freddie Mac the opportunity to refinance. This includes those who may owe more than their house is worth. We offer HARP loans with no lender overlays. (Don’t worry if you’re underwater and not backed by Fannie or Freddie we have programs that will cover you…contact us today!)