RESIDENTIAL MORTGAGE LOAN OPTIONS
FIRST-TIME HOME BUYER PROGRAM
Prospective Property Owners
Multiple Down Payment Assistance Programs Available
May qualify with credit scores as low as 580
Many loan options available
100% Financing Options Available
FHA LOANS
A Brighter Future
Qualify with as little as 3.5% down
May qualify with credit scores as low as 580
Typically, must have 12 months without any derogatory marks on credit.
With the FHA Streamlined 203k*, you have the option to purchase a home with additional funds available for improvements such as:
New flooring or paint
New Appliances
Updating the kitchen or bathroom
Energy efficient upgrades including HVAC system
*additional requirements or restrictions may apply
**Not all customers will qualify. Speak with your loan officer today!
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Build Your Dream Home
One and Done Construction Loan
Covers Stick Built, Manufactured, and Modular Houses
Includes Lot Purchase
No Payments Due During Construction​​
Available through FHA, USDA, and VA
Loans close before construction begins, so no re-qualification is required upon completion.
Renovation loans
allow for improvement costs to be included in the purchase loan
Down Payment Assistance Program
This down payment assistance program offers a grant equal to 2% of the purchase price to our eligible borrowers.
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Eligible Borrowers Include:
Any Borrower on the loan application who is a current, retires, or non-paid
First Responder: police officer, firefighter, public safety officer, paramedic, or emergency medical (EMT), including volunteers or similar​
Educator
Medical Personnel: nurse, doctor, phlebotomist, or health ambassador, or hospital, American Red Cross worker, or similar
Civil Servant in a federal, state, or local municipality
Military Personnel
*Not available in Washington or Hawaii
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Contact me to find out if you’re eligible, and whether this would be a good fit for your needs.
VETERAN ADMINISTRATION (VA)Â LOANS
We Value Your Service
Available to Military Veterans and active duty service members.
100% financing with full VA Entitlement*
No Monthly Mortgage Insurance
Construction Financing Available for Single family Residences, Townhomes, VA Approved Condos, and other property types.**
*A down payment may be required in the event the loan amount exceeds the current maximum loan amount or if the borrower does not have full VA entitlement
**Contact Us for more information about financing and property eligibility
CONVENTIONAL LOAN
Prospective Property Owners
Can be used for Primary Residence or Investment Property
Qualify for as little as 3% down
NO Mortgage Insurance Requirement if putting more than 20% down.
Seller allowed to contribute to closing cost
Down Payment can be a gift
CHENOA FUND
FHA-Insured Down Payment Assistance Program
Not required to be a first-time homebuyer
No homebuyer education required
No Geographic restrictions
620 minimum credit score
USDA RURAL HOUSING LOANS
The Right Loan for You
No Down Payment Required
Available for purchase or refinance
Flexible Qualifying Criteria
Great option for low-to-moderate income buyers
Only available in designated areas
Eligible Closing costs may be financed*
*Must be supported by appraisal value
