RESIDENTIAL MORTGAGE LOAN OPTIONS

Secure the Right Loan for You

FIRST-TIME HOME BUYER PROGRAM

Prospective Property Owners

• Multiple Down Payment Assistance Programs Available

• May qualify with credit scores as low as 620

• 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 620

• 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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CONSTRUCTION AND RENOVATION LOANS

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

DPA ADVANTAGE PROGRAMS

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) 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