WHICH LOAN IS RIGHT FOR YOU?

Whether you are purchasing, buying or building, we have a loan option for you.

Home Owners

CONVENTIONAL

For those with great credit and equity or down payment

  • Minimum credit score of 620.

  • Up to 97% LTV on purchases and refinances.

  • Up to 80% LTV on cash out loans.

  • Manufactured homes allowed

  • Seller allowed to pay up to 3% of buyers closing costs.

  • Debt to income ratio of 50% allowed.

Red Barn

USDA RURAL DEVELOPMENT

100% financing for purchases in rural communities

  • Minimum credit score of 620

  • No money down

  • Income restrictions apply and vary by county.

  • Geographic restrictions apply as well. Must be located in a Rural community.

  • Refinance does not require an appraisal and can be financed up to 100% of the original appraisal value.

  • 1% up-front fee can be financed

  • Monthly mortgage insurance of .35%.

  • No limit on seller paid closing costs.

  • Closing costs can be financed up to the appraised value.

  • Debt to income ration of 45% allowed.

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FHA

For lower credit score and higher debt to income ratio

  • Minimum credit score of 580

  • 3.5% down payment required

  • Can refinance up to 96.5% of the appraised value.

  • Can get cash out up to 85% of the appraised value.

  • 1.75% up-front fee can be financed

  • Monthly mortgage insurance of .45% to .85%.

  • Manufactured homes allowed.

  • Debt to income ratio of 55% allowed.

  • Seller is allowed to pay up to 6% of buyers closing costs.

US Army Soldier in Universal Camouflage

VA

100% financing for those who qualify with military service

  • Minimum credit score of 620.

  • 100% financing for purchases, refinance and cash out refinance.

  • Up-front fee of between 0% and 3.3% can be financed.

  • No monthly mortgage insurance.

  • Must have served 90 consecutive days of active service during wartime, have served 181 days of active service during peacetime, have more than 6 years of service in the National Guard or Reserves, OR you are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.

  • No debt to income requirements as residual income is reviewed.

 

So super scared to refinance our home.. Abby did an amazing job. She sure knows what she is doing and makes you feel so comfortable doing it. Thanks for all you did for us Abby! Your amazing!

Ashley Koyle

 

(435) 623-1992

347 N Main St, Nephi, UT 84648, USA

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