conventional loans

Generally speaking, conventional loans tend to offer more variety.  With a conventional loan, which includes both conforming and non-conforming loans, you can obtain almost anything from a 1-year ARM to a 30-year fixed rate mortgage and everything in between.  So if you are looking for a 10-year fixed rate mortgage or a 7-year ARM, a conventional loan would be the right loan for you. 

Generally speaking, a borrower would need stronger credit to qualify for a conventional loan as opposed to an FHA loan.

On conventional loans, you won’t be subject to mortgage insurance premiums if you have at least 20% equity.  Even if you are unable to put 20% down, there are some cost effective options for mortgage insurance.

Conventional mortgages typically require a down payment between 5% and 20% so low down payment borrowers should consider FHA loans first.

Conventional mortgages are also accepted everywhere, whereas some condominium communities won’t accept FHA financing.  The same goes for non-owner investment properties so sometimes you may not have a choice but to go with a conventional loan.

First Time Buyer Programs

Aggressive incentives for qualified first time buyers with just a 3% down payment.

Jumbo Loans

For buyers with higher loan amounts, we offer aggressively priced Jumbo Loans, helping buyers secure financing for high-value properties.

va loans

We’re proud to support veterans and active-duty service members with VA Loans, offering excellent terms and no down payment in most cases.

Almost all active duty and honorably discharged service members are eligible for a VA Home Loan.  You may be eligible if any one of the following are apply:

• Served 181 days during peacetime (Active Duty)

• Served 90 days during war time (Active Duty)

• Served 6 years in the Reserves or National Guard

• You are the spouse of a service member who was killed in the line of duty

In most instances, the VA mortgage still allows the borrower to finance 100% of the home’s value and purchase with no money down.  PMI, or private mortgage insurance, is not required on a VA loan.  PMI is an added monthly expense required for conventional loans where the borrower finances more than 80% of the home’s value.  Mortgage Insurance Premiums are also a requirement on all FHA Loans.

Interest rates are also lower with a VA Loan, typically 0.5% - 1.0% lower than a conventional loan.  A lower rate combined with monthly PMI savings can substantially lower your monthly payment.

Qualification guidelines are less stringent for VA mortgages.  Because VA Loans are backed by the government, banks have relaxed the often strict lending rules for VA loan applicants making VA Loans easier to obtain.

Bank Statement Loans

An excellent option for self-employed buyers whose tax returns don’t fully reflect their income, we offer Bank Statement Loans, making it easier for them to qualify based on actual earnings.

P&L (Profit & Loss) Loans

Another popular option for self-employed buyers whose tax returns don’t fully reflect their income, we offer loans based on your P&L Statements making it easier to qualify based on the strength of your P&L Statements.

DSCR (Debt Service Coverage Ratio) Loans

For investors, this is a revolutionary loan program based on the income-generating potential of the property rather than the borrower’s income.  The DSCR is a financial ratio that compares the property’s cash flow (usually rent or lease payments) to the PITI (principal, interest, taxes and insurance).  DSCR Loans can be closed in the name of an LLC, so the loan is not reported to the individual’s credit report unless the loan becomes delinquent.  This program is ideal for investors looking to build a portfolio of investment properties.

Debt Consolidation Loans

Consumer debt is currently at an all-time high and home equity is also at an all-time high.  Many homeowners are struggling to make ends meet and many homeowners are paying more than 23% on credit card balances.  We can structure a refinance in such a way that we wipe out most or all balances owed into one new mortgage loan.  The benefits include a lower overall monthly outlay, more discretionary income available each month, higher credit scores and peace of mind. 

ITIN (Individual Taxpayer Identification Number) Loans

An ITIN loan refers to a mortgage loan that can be obtained using an Individual Taxpayer Identification Number (ITIN) instead of a Social Security Number (SSN). ITINs are issued by the IRS to individuals who are required to have a taxpayer identification number for tax purposes but are not eligible to obtain an SSN. These loans are designed to help non-U.S. citizens, such as resident and non-resident aliens, foreign nationals working in the U.S., and others who do not have an SSN but have an ITIN, to finance the purchase of a home.