More loan options are available for first time homebuyers than ever before. A wide variety of mortgage options and programs are available specifically for first-time homebuyers.

Mortgage options & programs available for first time homebuyers:

• Down payment assistance programs
• Programs that allow gift funds from friends or family
• Non-repayable grants for down payments and closing costs

Obtaining a loan for real estate in the USA for foreign borrowers. Mortgages are approved for terms up to 30 years. For the first 3–5 years the interest rate is fixed; after that the rate adjusts with a published market index. It usually takes 30 to 45 days to close. A 30% down payment of the purchase price is required. Mortgages may also be issued to a U.S. corporation or LLC as well as to an individual.

Ask me whether a reverse mortgage makes sense for you and what it would look like on your home.

Low doc home loans are for those who are self employed and are unable to prove their income through traditional means. This is the only way that you can borrow without recent tax returns or financial statements. You may have already found that choosing the right low doc home loan can be difficult, as lenders have different requirements and interest rates.

Do you feel burdened by your current mortgage payment but can't bear to leave your home? Maybe you just need a better rate to lighten the current payment.

If you are rethinking your monthly mortgage payment, we'd love to help with your home refinance.

An FHA insured loan is a mortgage backed by U.S. Federal Housing Administration mortgage insurance and provided by an FHA-approved lender. FHA insured loans are a type of federal assistance and have historically allowed lower-income borrowers to buy a home they would not otherwise be able to afford. A great program for first time home buyers, with a low down payment.

The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry). The basic intention of the VA direct home loan program is to supply home financing to eligible veterans in areas where private financing is not generally available, and to help veterans purchase properties with no down payment. Eligible areas are designated by the VA as housing credit shortage areas and are generally rural areas and small cities and towns not near the metropolitan or commuting areas of large cities.

No income loans fill a gap of situations which normal loan standards would not approve. This would seem prudent for a person just owning their main home. However, a real estate investor may have multiple properties and for each may receive only a small amount more than their loan payments on each house, but end up with disposable income.

Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on permanent mortgage loans. To gain approval, the lender will need to see a construction timetable, detailed plans, and a realistic budget, sometimes called the “story” behind the loan.

This product is designed for high-net-worth individuals who value their creditworthiness. It offers low rates, the choice of an adjustable or fixed rate, and it applies to both condos and single family homes.

We also offer a two-year term that gives you the flexibility to fix & flip, buy & hold, engage in an extended rehab, or even qualify for a conforming loan down the road. This type of loan secured by the mortgage is exempt from the provisions of the Real Estate Settlement Procedures Act of 1974, as amended, and Regulation “X” of the Secretary of Housing and Urban Development, because the loan proceeds are being used as an extension of credit primarily for a business, commercial, or agricultural purpose, as defined by 12 CFR 1026.3(a)(1) of Regulation Z.

Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on permanent mortgage loans. To gain approval, the lender will need to see a construction timetable, detailed plans, and a realistic budget, sometimes called the “story” behind the loan.