Loan Options
Conventional Loans
Conventional mortgages are ideal for those with good to excellent credit. Also, it is a better loan option when you have a larger down payment.
- Purchase and Refinance Options
- 97% financing (3% down payment)
- Monthly mortgage insurance drops off at 80% of home value
- Cash out refinance up to 80% of home value
- Investment & Second Homes eligible
- Minimum credit score 620
USDA Rural Development Loans
“RD” loans are great for those buyers with less money available for down payment.
- 100% financing (No down payment)
- Lower monthly mortgage insurance
- Seller can pay closing costs up to 6% of sales price
- Closing costs may be financed into loan (restrictions apply)
- Income & Geographic limits apply
- Primary residence only
- Minimum credit score 620
FHA Loans
FHA home loans are a more affordable option for those with lower credit scores and less than perfect credit.
- Purchase & Refinance Options
- 96.5% Financing (3.5% down payment)
- Gift down payment from family allowed
- Seller can pay closing costs up to 6% of sales price
- Cash out refinance up to 80% of home value
- Non-occupying coborrower allowed (cosigner)
- Minimum credit score 580
VA Loans
VA home loans offer zero down payment option with no monthly mortgage insurance to our veterans, service members, and surviving spouses.
- Purchase, Refinance & IRRL options
- 100% financing (No down payment)
- No monthly mortgage insurance
- Seller can pay closing costs and prepaids
- Cash out refinance up to 100% of home value
- VA funding fee waived for eligible veterans & surviving spouses
- Subsequent use of VA eligibility allowed
- Minimum credit score 580
Jumbo Loans
Jumbo mortgages are for larger loan amounts that exceed Fannie Mae and Freddie Mac standard loan amount limits.
- Purchase and Refinance options
- 89.99% financing
- No mortgage insurance
- Cash out refinance allowed
- Investment Property and Second Homes eligible
- Minimum credit score 660
Construction Loans
Construction home loans are tailored to help you build your dream home from the ground up.
- One Time Close Construction or Two Time Close Construction
- Purchase land at time of closing
- Equity from owned land used as down payment
- Purchase & remodel an existing home
- Metal Home construction
- Permanent loan options after construction are Conventional, FHA, and VA
Manufactured Home Loans
Financing for manufactured homes can be difficult to find, but there are options.
- Purchase and Refinance options
- FHA, VA, Conventional and Rural Development financing
- Must be existing setup and moved only once
- Construction after June 15, 1976
- Restrictions apply if additions to home
- Primary residence only
- Minimum credit score 620
Renovation Loans
Renovation home loans allow you to update your kitchen, bathroom, add on that extra bedroom or outdoor living space.
- Purchase & remodel an existing home
- Cash out Refinance to remodel
- 97% financing for first-time homebuyers purchase and remodel
- Single closing with upfront rate lock
- Second Homes eligible
- Contractor of choice must be approved by lender
- Minimum credit score 620
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