Loan Programs and Loan Options
In today's lending market there are many options to choose from. Sometimes the differences in these programs can be subtle but signi ficant. We offer a variety of loan programs to fit your needs. This page provides an overview of many of the different programs on t he market. Contact us to find out what programs are currently available, or for any other related questions.
NORTH CAROLINA HOUSING - This program offers individuals and families lower interest rates. There is $8,000.00 down payment assistance available for those who qualify.
FHA MORTGAGE ~ Backed by the Department of Housing and Urban Development this mortgage offers the borrower the ability to put as little a 3.5% down payment. Seller can help with closing costs.
VA MORTGAGE ~ Backed by the Veterans Administration.. There is no down payment required. This loan can be used multiple times. Even if you currently own a home under this program, you may qualify to purchase another home with no down payment.
JUMBO LOANS - Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document,
USDA LOANS ~ NO down payment required. There are family income limits on this program. It is not available in some areas so call for information.
HIGH DEBT RATIO LOANS - Borrowers having the ratio of their monthly bills to their monthly income higher than 50% is considered a high debt ratio. Loan programs are available for these borrowers, allowing them to finance the purchase of a home.
INVESTOR LOANS ~ Used to finance 1-4 family properties that will be for investment with a 20% down payment.
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