Government

Government Loans

Overview

The FHA program has been in place since the 1930s to help stimulate the housing market by making loans accessible and affordable. Traditionally, FHA loans have helped military families who return from war, the elderly, handicapped, or lower-income families, but really, anyone can get an FHA loan – they are not just for first-time home buyers.

Products

  • 30yr Fixed
  • 25yr Fixed
  • 20yr Fixed
  • 15yr Fixed
  • 10yr Fixed

Matrices & Guidelines

Overview

FHA Streamline Refinance is a home financing solution for borrowers with an FHA Loan. This program offers lower total lender fees and reduced documentation compared to standard FHA loans.

Products

  • 30yr Fixed
  • 25yr Fixed
  • 20yr Fixed
  • 15yr Fixed
  • 10yr Fixed
  • 30yr Fixed High Balance

Matrix

Overview

FHA REO Repair Escrow program is intended to allow uncomplicated rehabilitation to a HUD owned home. This program is only available for HUD owned homes.

Products

  • 30yr Fixed
  • 15yr Fixed
  • 30yr Fixed – High Balance
  • 15yr Fixed – High Balance

Matrices & Guidelines

Overview

These loans are made by a lender, such as a mortgage company, savings and loan, or bank and are insured by the US Department of Veteran’s Affairs. VA’s guaranty on the loan protects the lender against loss if the payments are not made, and is intended to encourage lenders to offer veterans loans with more favorable terms.

Products

  • 30yr Fixed
  • 30yr Fixed High Balance

Matrices & Guidelines

Overview

The Interest Rate Reduction Refinancing Loan (IRRRL) offers current VA mortgage holders an excellent opportunity to take advantage of low interest rates.

Products

TURN TIMES

Initial Submission

2 Days

Underwriting

4 Days

RM Conditions Review

2 Days

Conditions Review

4 Days

Closed Loan submission

2 Days

Closed Loan Purchase Review

4 Days

Closed Loan Condition Review

1 Day