Loan Types

As Mortgage Advisors, we work carefully and diligently in order to provide our clients with the financing solutions they deserve. To us, there’s nothing more important than client satisfaction, which is why our promise is to find the right solution for each client based on their financial situation and property preferences. Read more about some of the different loan types available to help you.

The content provided below is for information purposes only and does not constitute an offer to lend or extend credit. Information is subject to change without notice. All loans are subject to credit approval. Other restrictions may apply.

Conventional

620+ FICO Primary, second and investment properties
Loan amounts up to county loan limit
Eligible for primary, second and investment properties on purchase, rate/term and cash-out refinances
LTV's as high as 97% on purchase and rate/term refinances
LTV's as high as 80% on primary home and 75% on second home and investment cash-out refinances
Available on single- and multi-wide, co-ops*, condos and PUDs
High Balance available for loan amounts over the county loan limit

FHA

640+ FICO
Loan amounts from $125,000 up to county loan limits
All fixed term mortgages
Single family primary residences
Available on single- and multi-wide, condos and PUDs

Jumbo

Large stone floor patio area of waterfront house with outdoor furniture, beautiful water v

Loan amounts up to $3M
680+ FICO and up to 45% DTI
Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances
One appraisal required for purchases up to $3M and refinances up to $2M*
Two appraisals from two different appraisers required for refinances over $2M*
Loan amounts greater than $2M require 18 months of reserves in addition to any reserves required by AUS

VA

Loans up to $2M
620+ FICO Up to 100% LTV
Fixed term only
Single family primary residence
Purchase & cash-out refinance
Available on single- and multi-wide, condos and PUDs
Escrow waivers up to 100%

Homeone

Purchases up to 97% LTV
No income restrictions
Available in all geographic locations
Eligible for single family homes, including townhouses and condos
At least one borrower must be a first time homebuyer
LPA only
Available on single- and multi-wide, condos and PUDs for Manufactured Homes with LTV up to 95%

Reverse Mortgage

A Home Equity Conversion Mortgage is made for those looking to refinance into a lower monthly mortgage payment. Free up cash flow without downsizing or committing to payments on a traditional 30-year refinance.
The loan proceeds for qualified borrowers by age and appraised value of the home.
A financial assessment then determines long-term ability to pay taxes and insurance. These proceeds can then pay off the current mortgage.
Cash can be a lump sum, and borrowers can get the remainder as installment payments or a line of credit. The unused portion grows every month, providing a significant cushion for the future.