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Loan Programs
Fixed Rate Mortgages
Adjustable Rate Mortgages
Balloon Mortgages
First Time Buyer Programs
No Income No Asset
Stated Income Programs
No point, No fee Programs
Sub Prime Credit Programs
Home Equity Line of Credit
Teachers Program
100% Loan Programs
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First Time Buyer Programs
Will work for those that have little or no credit, or have never own
property before. (No credit is not the same as bad credit)
Advantages
- 3% down payment
- Alternate credit can be used
- Down payment may be a gift from a family member
- Conventional programs as well as government programs
Disadvantages
- Mortgage Insurance is typically required
- Refinancing is necessary to eliminate Mortgage Insurance
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