residential Mortgage Loans
Purchase or re-finance a property today with No Tax Returns Required! We understand that borrowers should not be denied the opportunity of homeownership because they don’t meet the stringent requirements that traditional lenders require. Let us help you
Conventional Mortgages
- Conventional mortgages are not insured or guaranteed by the government. Instead, they are offered by private lenders, such as banks and mortgage companies.
- These loans typically require a higher credit score and a larger down payment compared to government-backed mortgages.
- Conventional loans come in two primary types: fixed-rate and adjustable-rate mortgages (ARMs).
- Borrowers with strong credit histories often choose conventional mortgages due to competitive interest rates and flexibility in terms.
Government-Backed Mortgages
- These mortgage programs are insured or guaranteed by government agencies like the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), and the U.S. Department of Agriculture (USDA).
- Government-backed mortgages often have more lenient credit and down payment requirements, making them accessible to a broader range of borrowers.
- FHA loans, for example, are popular for first-time homebuyers with lower credit scores and smaller down payments.
- VA loans are exclusively available to eligible veterans and active-duty military personnel, offering favorable terms and no down payment.
Jumbo Mortgages
- Jumbo mortgages are designed for high-value properties that exceed the conforming loan limits established by government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac.
- Borrowers seeking to finance luxury homes or properties in expensive real estate markets may require jumbo loans.
- These loans often have stricter credit requirements and may involve larger down payments due to the increased risk for lenders.
- Interest rates on jumbo mortgages may be slightly higher than those on conventional loans.