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FHA Loan Programs
Purchase or Refinance
Down to a 500-credit score
500 – 579 credit score = 10% down
NO credit score programs available
580 credit score and higher = 3.5% down
FHA Renovation loans available 203k Streamlines and FULL
Seller can give up to 6% in credits towards your closing costs and pre-paid items.
No income restriction
Great for first time home buyers
Property types: Site built home, modular homes and manufactured homes
New construction available
Grant programs
Down payment assistance when available
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USDA Loan Programs
Purchase
100% financing
580 credit score minimum
NO credit score programs available
Minor renovation loans available
Income restrictions do apply
Great for first time home buyers
Seller can pay up to 6% towards closing costs and prepaid items
Also, can roll in closing costs and prepaid items “up to” the appraised value
Property types: Site built home and modular homes
New construction programs available
Grant programs
Down payment assistance when available
*Can’t own any other real estate with a home located on it.
only refinance if already have a USDA loan. Refinance USDA to USDA.
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VA Loan Programs
Purchase or refinance
Limited to veterans, wives of deceased veterans or reservists with time in service
100% financing
500 credit score
NO credit score programs available
Renovation loans available up to 35K
Great for all borrower types with veteran eligibility
No income restrictions
Seller can offer up to 4% towards closing costs and prepaid items
Property types: Site built home, modular homes and manufactured homes
New Construction loans available
Grant program eligibility
Down payment assistance when available.
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CONVENTIONAL LOAN PROGRAMS
Purchase or refinance
620 minimum credit score
NO credit score programs available
1% DOWN for first time home buyers – income restrictions apply
3% DOWN for first time home buyers – income restrictions apply
5% DOWN no income restrictions
Great for all borrower types
Property types: Site built home, modular homes and manufactured homes
Renovation loans available
Grant program eligibility
Down payment assistance when available
New Construction loans available
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Construction Loans
All Types
Land & Home Purchases
Home Alone on Your own property
VA 100%
FHA 96.5%
USDA 100%
Conventional 95%
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NON – Conforming Conventional Loans Programs
No income verifications
Stated income
Self-Employment programs
Scores as low as 500
Bank statement programs
1 day out of Bankruptcy
1 day out of Foreclosure
Bad credit OK
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COMMERCIAL LOANS
SBA LOANS
MINIMUM LOAN SIZE 250k
NO MAXIMUMS |
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HELOCS
Minimum loan amount 25,000 |
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Stand Alone Seconds
Minimum loan amount 25,000 |
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Reverse Mortgages
HECM insured by FHA |
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