Loan programs available

 What is the right loan?

I'm more concerned with getting borrowers the right loan than any loan. Your mortgage is a critical piece of your overall financial picture. As your loan officer, I understand this and am prepared to help you think through the impact with facts in hand.

Just because you can get the loan doesn’t mean you should take the loan. This passion for responsible lending is what I've built my reputation on, and what has enabled me to succeed.

 Conventional Loans

One of the most common mortgages types, conventional loans follow guidelines set by Fannie Mae and Freddie Mac.

  • Can be used for primary, second homes, or investment properties
  • Low downpayments – can qualify with as little as 3% downpayment
  • No monthly mortgage insurance required with a downpayment of at least 20%
  • Maximum loan amounts of up to $1.5 million (Jumbo programs)
  • Available in fixed rate, adjustable rate (ARMs), and 15-30 year terms

Federal Housing Administration (FHA) Loans

Provides a channel for first-time homebuyers and borrowers with limited financial resources.

  • Low downpayments – can qualify with as little as a 3.5% downpayment
  • Rates competitive with Conventional Loans
  • Flexible credit qualifications
  • No pre-payment penalties
  • Available in fixed rates, adjustable rates (ARMs), and 15-30 year terms

Veterans Administration (VA) Loans

A mortgage loan guaranteed by the Department of Veterans Affairs.

  • Must be eligible through your affiliation with the military
  • No down payment
  • Low fees
  • Only available to finance a primary home – cannot be used to purchase a vacation or investment home
  • Refinance of second home or investment home is allowed through the VA Interest Rate Reduction Loan if you already have an existing VA home loan

USDA Rural Development Loans (RD Loans)

USDA guarantees a portion of the loan for local lenders who handle the loan transaction for homebuyers.

  • Fixed-rate loan with no pre-payment penalty
  • No downpayment required
  • No military service required
  • The home must be located within a USDA-eligible area and the borrower must meet USDA income limits
  • Must be your primary residence, meaning you plan to live there for the foreseeable future 
    Investment properties, and second home purchases are not eligible for the USDA loan program