Loan

Programs

The right loan to help you achieve your dream.

Loan Programs

From conventional fixed-rate mortgages to FHA, VA, and reverse mortgages, we offer a wide range of loan types to suit your needs. Our expert team is here to guide you through the process and help you find the perfect mortgage solution. Have questions about a specific program? Schedule a free mortgage consultation.

Fixed Rate Mortgages (FRM)

A conventional fixed-rate mortgage offers stability and predictability in your monthly payments. With this type of mortgage, the interest rate remains constant throughout the loan term, providing assurance against market fluctuations. It's a popular choice for homebuyers who prefer a consistent budget and long-term financial planning. Additionally, conventional loans often have competitive interest rates and flexible terms, making them suitable for various financial situations. As mortgage brokers, we assist you in navigating the mortgage market, ensuring you secure the best conventional fixed-rate mortgage tailored to your needs and goals.

Adjustable Rate Mortgages (ARM)

An adjustable-rate mortgage (ARM) offers initial lower interest rates and monthly payments compared to fixed-rate mortgages. However, after an initial period, typically ranging from one to ten years, the interest rate can adjust periodically based on market conditions. This means your payments could increase or decrease over time, depending on prevailing interest rates. ARMs are suitable for those who plan to move or refinance before the initial fixed-rate period ends, or for borrowers who expect their income to rise. As mortgage brokers, we help you understand the terms and risks associated with ARMs, ensuring you choose the right option for your financial situation and goals.

FHA Mortgage Loans

An FHA loan is a mortgage insured by the Federal Housing Administration, ideal for first-time homebuyers or those with less-than-perfect credit. Backed by the government, FHA loans offer low down payment options and flexible qualification criteria, making homeownership more accessible to a wider range of borrowers. These loans typically have competitive interest rates and allow for higher debt-to-income ratios. However, FHA loans require mortgage insurance premiums, which increase the overall cost of the loan. As mortgage brokers, we specialize in FHA loans, guiding you through the process and helping you secure the right FHA loan for your home purchase.

VA Mortgage Loans

A VA loan is a mortgage program offered to eligible veterans, active-duty service members, and certain spouses, guaranteed by the U.S. Department of Veterans Affairs. VA loans provide numerous benefits, including no down payment requirements, competitive interest rates, and no private mortgage insurance (PMI) premiums. These loans are an excellent option for military members looking to purchase a home with favorable terms and minimal upfront costs. Additionally, VA loans offer flexible qualification criteria and allowances for higher debt-to-income ratios. As mortgage brokers specializing in VA loans, we assist veterans and their families in navigating the VA loan process, ensuring they access the benefits they've earned through their service.

Refinance Mortgage Loans

A refinance loan allows homeowners to replace their current mortgage with a new one, typically to obtain better terms, lower interest rates, or access equity in their home. Whether you're looking to reduce monthly payments, shorten the loan term, or consolidate debt, a refinance loan offers flexibility to meet your financial goals. By refinancing, you can potentially save money over the life of your loan or access cash for home improvements or other expenses. As mortgage brokers, we guide you through the refinancing process, helping you evaluate your options and secure the best refinance loan tailored to your needs and circumstances.

Home Equity Loans

A home equity loan lets you borrow against the value of your home, using it as collateral. It's like a second mortgage, giving you a lump sum based on your home's equity. This loan is ideal for home improvements, debt consolidation, or significant expenses. With fixed interest rates and predictable payments, it offers stability. As mortgage brokers, we assist you in navigating the process and finding the right solution for your needs.

Construction Loans

A construction loan provides financing for building a new home or renovating an existing one. It's a short-term loan that covers the costs of construction, including materials, labor, and permits. During the construction phase, you typically make interest-only payments. Once the project is complete, the loan is converted into a traditional mortgage. Construction loans offer flexibility and tailored financing for your project's unique needs. As mortgage brokers, we help you understand the terms and guide you through the process to secure the right construction loan for your project.

Jumbo Loans

A jumbo loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. These loans are designed to finance higher-priced properties that exceed the standard loan limits. Jumbo loans typically have competitive interest rates and flexible terms, allowing borrowers to purchase luxury homes or properties in high-cost areas. However, they may require larger down payments and have stricter qualification criteria compared to conventional loans. As mortgage brokers, we specialize in helping you navigate the complexities of jumbo loans, ensuring you secure the financing you need for your dream home.

Self-Employed Borrowers

For self-employed borrowers, securing a mortgage can be challenging due to variable income and documentation requirements. However, specialized programs cater to their unique needs. These programs often consider alternative income documentation, such as bank statements or tax returns, to verify income. As mortgage brokers specializing in self-employed borrowers, we understand these challenges and work to find tailored solutions, helping entrepreneurs and freelancers achieve their homeownership goals.

Reverse Mortgage Loans

Reverse mortgage loans enable homeowners aged 62 and older to access their home equity without selling their property or making monthly payments. The loan balance grows over time, typically repaid when the homeowner sells the home, moves out, or passes away. These loans offer retirees financial flexibility and supplemental income. As mortgage brokers specializing in reverse mortgages, we help eligible homeowners navigate the process and understand the terms before proceeding.

Borrowers With Considerable Assets

Loan programs designed for borrowers with substantial assets offer unique benefits and flexibility. These tailored programs recognize the financial stability of such borrowers, providing larger loan amounts, lower interest rates, and relaxed eligibility criteria. Typically, asset-based lending allows borrowers to leverage their investments, real estate, or valuable possessions as collateral, securing favorable terms. These programs offer personalized solutions, catering to the diverse financial portfolios of affluent borrowers and ensuring tailored lending arrangements.

DSCR for Real Estate Investors

DSCR (Debt-Service Coverage Ratio) loans are commercial mortgages that focus on a property's income rather than the borrower's personal finances. These loans assess whether the property's income can cover its operating expenses and debt payments. Typically used for investment properties, DSCR loans require a minimum ratio of income to debt service. As mortgage brokers specializing in commercial loans, we help clients secure financing for their investment properties through DSCR loans.

Foreign Buyers

Foreign buyers are individuals or entities from outside a country purchasing real estate within that country. These buyers often seek properties for various reasons, including investment, vacation homes, or relocation. Purchasing property as a foreign buyer can involve additional considerations, such as legal requirements, taxes, and currency exchange rates. As mortgage brokers experienced in working with foreign buyers, we provide guidance and assistance throughout the purchasing process, helping them navigate the complexities and achieve their real estate goals.

Blemished Credit Histories

Buyers with blemished credit histories face challenges when seeking mortgage approval due to past financial difficulties, such as missed payments, defaults, or bankruptcies. However, specialized programs exist to help these buyers overcome hurdles and secure financing. These programs often consider alternative credit metrics and require higher down payments or interest rates. As mortgage brokers specializing in assisting buyers with blemished credit histories, we work closely with lenders to explore available options, providing personalized guidance and support to help buyers achieve their homeownership goals despite past credit challenges.

Hi, my name is Justin Hall. I'm a Mortgage Broker with Mpire Financial Group, offering personalized mortgage solutions, fast customized quotes, great rates & service with integrity.