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.