Our loan selection is anything but conventional. But we do those too. A mortgage should never be one-size fits all. We offer a wide variety of loan programs because we serve a wide variety of customers, and because we understand everyone has different circumstances, it’s best to discuss your options with a mortgage banker.
Our conventional loans can be a fixed rate or adjustable rate mortgage. With a variety of down payment options, the minimum down payment requirement is 3%. There are also options that avoid mortgage insurance.
The Federal Housing Administration (FHA) loan is a great option for borrowers without a large amount saved for a down payment; it is easy credit qualifying. Note, the maximum loan amount is dependent on county.
USDA/ RHS Loan
The US Department of Agriculture (USDA)/ Rural Housing Services (RHS) loan is available in certain rural areas and for families who meet the income restrictions. There is no down payment required and offers flexible credit guidelines.
This Veterans Administration loan is available to honorably discharged veterans, active duty, or those have completed a total of six years of service in the National Guard or selected reserves. Certain surviving spouses of veterans are also eligible. There is no down payment required, no income restrictions, and no mortgage insurance requirement.
Rural Hobby Farm Home Loan
For homes on 5 – 160 acres, the property can be income producing. The home must be the primary residence and approximately 30% of the value must be from the home.
For Medical Doctors including Podiatrists, Ophthalmologists, and Veterinarians with an employment contract or verified employment. This program offers special financing.
Construction to Permanent
Available for modular and manufactured homes. There is only one closing so the borrower only covers one set of closing costs and changes in circumstances during home construction will not impact the funding. All forms of government loans are permitted; Rural Housing, FHA, and VA.