100%
Financing Loans |
Ideal for
first-time buyers, these no down-payment mortgages can help reduce
or eliminate nearly every cost associated with obtaining a home
loan These programs normally combine two loans: An 80% first
mortgage, and a 20% second mortgage. The interest rate is
typically the weighted average of the two loans. |
Conforming
Loans |
Conforming
long-term, fixed-rate and adjustable loans that meet Fannie Mae
and Freddie Mac loan limits and property and borrower guidelines.
Generally has higher loan limits than FHA and VA. |
Imperfect
Credit Loans |
Allows
borrowers with less-than-perfect credit to qualify for competitive
interest rates to consolidate debt and lower payments or make home
improvements. |
| No Income
Verification Loans |
Ideal for
the self-employed with good credit, loans where borrowers agree to
put down 25 to 30% equity in exchange for reduced documentation
requirements. |
| VA and FHA |
Government
insured/guaranteed long-term, fixed-rate and adjustable loans. |
| Reverse
Annuity Mortgage |
Allows
borrowers to retain ownership of their property and receive a
monthly check representing a portion of the equity in the
property. No money is due until the property is sold, the owner
dies, or an agreed upon date is reached. |
