Loan Programs
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FHA MORTGAGE – Backed by the Department of Housing and Urban Development this mortgage offers the borrower the ability to make a small down payment and they can even finance “allowable” closing costs. Sellers can contribute up to 6% of the purchase price to the buyer towards closing costs. back to top
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203K Streamline FHA MORTGAGE – Same as FHA above but with the ability to finance home improvements that are needed. One mortgage is given based on the value plus improvements up to 110% of the future value and a total of $35,000. There is no minimum amount for improvements. You upgrade a kitchen with new appliance and cabinets, replace the flooring throughout the home, paint the interior and exterior of the home, install and air conditioner or roof. Pool and screened enclosure repairs are limited to $1500. No structural repairs, load bearing walls or anything requiring architectural drawings is permitted. back to top
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VA MORTGAGE – Backed by the Veterans Administration and the federal government it is similar to FHA except that you have to be a qualified Veteran or military person. back to top |
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LOANS FOR NON-U.S. CITIZENS – NOT AVAILABLE AT THIS TIME. . back to top |
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JUMBO LOANS - Competitive ARM & Fixed rate products with full documentation only. No cash out refinance are allowable at 65% loan to value. Single family detached, single-family second homes can be financed with no prepayment penalty. back to top |
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USDA ZERO DOWN PROGRAMS – 100% financing in certain geographical areas. Click here and follow the prompts to find out if the home you are looking for is eligible. You can also check to see if you qualify based on your household income and debts. This is a great program but it has some unique features that you will need some professional guidance. Call one of our Loan Officers for help. http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do Same as above only the borrower pays for closing costs or can have the seller contribute up to 6% towards closing costs. back to top |
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2ND MORTGAGE LOANS – NOT AVAILABLE AT THIS TIME. back to top
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INVESTOR LOANS – Call for details regarding current programs.
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