80/15/5 - This is a loan which carries a second mortgage for up to 15% of the purchase price of the property. It is usually used when wishing to avoid PMI insurance or to keep your first mortgage under the FNMA/FHLMC limit to avoid Jumbo rates. The borrower puts down a 5% down payment and then finances a first mortgage up to the FNMA/FHLMC limit and a second mortgage of up to 15% of the purchase price. Other variations are 80/10/10 or 75/15/10.


FHA MORTGAGE ~V 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 and they can even finance ~Sallowable~T closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.


203K FHA MORTGAGE ~V Same as FHA above but with the ability to finance home improvements that are needed. One mortgage is given based on the value plus improvements up to 115% of the future value. These improvements must be over $5000 and can be for a new kitchen, new bathroom, to add a garage or to structurally improve the property. They cannot be to add a swimming pool etc~E


VA MORTGAGE ~V Backed by the Veterans Administration and the federal government it is similar to FHA except that you have to be a qualified Veteran or military person.


JUMBO LOANS - Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full documentation required.
Cash out and No cash out refinance are allowable.  Single family detached, Condo~Rs, PUD~Rs and single-family second homes can be financed with no prepayment penalty. 


EMERGING MARKETS PROGRAM ~ Not available at this time.

ZERO DOWN PROGRAMS ~ Not available at this time..


NO DOC/STATED INCOME -  Not available at this time.


INTEREST ONLY - Shorter term adjustable rate mortgage where borrower is not required to make payment on the principal.


FLEX 97% -Not available at this time.


A- LOANS ~These mortgages are for people that have had problems in the past, but are on the road to recovery. They can vary from slightly damaged credit or just lower credit scores. Whatever the situation, we have a mortgage that will get you back on track. If we do not, we will be able to show you the steps for the future.


2^ND MORTGAGE LOANS ~V Subordinate to the first mortgage these loans offer the borrower the ability to get money for home improvement, debt consolidation or many other reasons without disturbing their first mortgage. Convenient when you have a low interest first mortgage.


125% 2^nd MORTGAGE ~Not available at this time..


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 or property. These are far more limited than they were a few years ago, but can be had under the right circumstances.

CONSTRUCTION LOANS - Not available at this time.


INVESTOR LOANS ~V Used to finance 1-4 family properties that will be for investment with as little as a 20% down payment.