RESIDENTIAL MORTGAGE
- A conventional or traditional mortgage loan is designed for borrowers looking to finance residential properties with 1-4 units.
- These are income-producing properties used solely for business purposes.
FHA Loans, First-Time Home Buyers
- FHA loans are designed for first-time homebuyers and those purchasing their primary residences.
- They are ideal for those who might find other loan options restrictive.
JUMBO AND SUPER JUMBO LOANS
- Jumbo loans are larger loans that exceed conforming loan limits.
- These mortgages typically require a bigger down payment, higher cash reserves, and better credit.
VETERAN LOANS
- A VA loan is a mortgage offered through the U.S. Department of Veterans Affairs program.
- VA loans have generous terms: no down payment, no mortgage insurance, and no prepayment penalties.
COMMERCIAL MORTGAGE
- A commercial mortgage can be requested to finance the acquisition, development, and construction of commercial real estate properties.
- These are income-producing properties used solely for business purposes.
DSCR LOANS
- It is a loan for an income-producing (investment) residential property.
- DSCR loans are assessed and granted on the expected cash flow of the property, rather than on the borrower’s income level.
Portfolio Loans
- A portfolio loan is a mortgage issued by a bank that keeps the loan on its balance sheet rather than selling it.
- We can offer more options and flexibility to certain borrowers.
Construction Loans
- A construction loan is a financing option designed to cover the costs associated with building a custom home.
- Focuses solely on the expenses related to constructing a new house.
Bridge Loans, Fix & Flip & Renovation
- A bridge loan is temporary financing secured by property until permanent financing is secured or an existing obligation is paid off.
Questions?
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