Fixed Rate Loans
-
30-, 25-, 20-, 15- and 10-year terms are all available with fixed rate.
-
Buy a home with as little as 5% down (primary home).
-
Refinance up to 95% of your primary home's value.
-
Monthly payments remain the same for the entire loan term.
Adjustable Rate Loans
-
3/1, 5/1, and 7/1 ARM's. Monthly payments based on a 30 year repayment schedule.
-
The rate stays fixed for the first 3, 5, or 7 years (depending on chosen term), and then adjusting annually thereafter.
FHA Loans
-
3.50% minimum down payment required on purchase.
-
Minimum credit score usually 620.
-
Post-bankruptcy qualifying - 2 years after.
-
Post-foreclosure qualifying - 3 years after.
VA Loans
-
Competitive interest rates that are routinely lower than conventional rates.
-
Sellers can pay up to 6 percent of closing costs and concessions.
-
Higher allowable debt-to-income ratios than for many other loans.
-
Down payment as low as 0%.
USDA
Rural Housing Loans
-
0% minimum down payment required on purchase
-
Minimum credit score 640
-
Lower MI rates than FHA
-
Income/Asset/Location Restrictions
Utah Housing Loans
-
0% minimum down payment required on purchase
-
Minimum credit score 620
-
Better rates for First time home buyers
-
Income Restrictions
Reverse Mortgage Loans
Receive payments FROM your loan
Be at least 62 years old
Own your home
Have equity in the house
Jumbo Loans
10% minimum down payment required on purchase
-
LPMI options
Loan amounts over $424,100 for most counties
Lender Paid Mortgage Insurance Loans
Same requirements as a conventional loan
Slightly higher rates than conventional but with no mortgage insurance
Better option for those that will live in home less than 8 years.
No Closing Cost Loans
Same requirements as original type of loan
Slightly higher rate, but with us paying your closing costs
Better option for those that will mess with their mortgage again in the next 7 years.
Grant Money Loans
*Free* Money from local governments to promote homeownership in certain neighborhoods
Income restrictions
Property location restrictions
Other restrictions - see grant websites for more details
Construction & Lot Loans
Build your "Dream Home"
10% of the cost to build down payment for construction
10-30% down on land or lots
Construction & One-time close options available.
Doctor Loan
Loan Up to $1MM with 0 down
Loan Up to $1.5MM with 5% down
No PMI
Ideal for buyers with student loans, or limited savings.
Investor Cashflow
Credit scores as low as 600
No Job Needed
40 year interest only option
Up to 80% LTV
Property can be in name of LLC
Extended Rate Lock Program
Building a home and worried about rising interest rates. We can lock your loan in up to 1 year in advance. We have a very generous float down policy where if rates were to fall during that period of time by .25% or more we can float your rate down for free.