FHA Rehabilitation Loans
With an FHA 203(k) Rehabilitation Loan, you have the power to buy a home that needs some fixing up, and get the work done without having to go broke doing so!! This great loan offers you the ability to finance up to 97% of the "after-improved" value.
The Power of Commercial Loans Commercial Loans have so much to offer, yet they are very little known by the public!! With a Commercial loan, you can purchase that business you have always wanted, and make yourself the boss, instead of being told what to do by one!! Commercial Loans can be used to purchase anything from a liquor store to a franchise, and unlike common perception, you do not need to buy the land with the Business. For more information on Commercial Loans and their benefits, please call (800) 400-3477 ext. 515
FHA and VA Mortgages
FHA and VA mortgages provide customers with a way to buy a home with less out-of-pocket expense. With an FHA loan, customers can purchase a home with as little as a 3% down payment, and with a VA loan, customer can even buy a home with 0 money down. To qualify for a VA loan, you must be a Veteran of the US Military Service.
Jumbo and Conventional Loans
Jumbo and Conventional Loans allow customers with very good credit scores to obtain financing at a lower interest rate to purchase their homes. Although these loans require a larger down payment, usually at least 5-10%, there are benefits. The first and most noticeable benefit is the lower interest rate, but there are also benefits such as no Mortgage Insurance once the Loan To Value is below 80%. With FHA and VA loans, you pay Mortgage Insurance for the entire term of the loan. The current limit on a loan before it is considered Jumbo is 252,000 dollars, this is something to keep in mind as Jumbo Loans carry a slightly higher interest rate.
