Financing

Our Dedicated Finance Department is here to make home financing easy. We offer Heloc’s, construction loans, conventional loans, FHA, VA, and chattel loans to fit your needs. Our team works with trusted lenders to find the best rates and terms for you. No matter your situation, we’ll guide you through the process from start to finish.

Loan Type

HELOC and Close End 2nd Mortgage Loans

  • We offer short term home equity line of credit loans.
  • 2nd Mortgage close end loans up to a 25-year term.
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Construction Loans

A one-time close construction loan allows you to finance your entire land/home project, covering both the land and construction costs for a primary residence. The loan is funded once all project costs are finalized and the appraisal determines the property’s value.

 

Conventional Loans

  • Best for buyers with good credit and open credit lines.
  • If you've had a bankruptcy, it must be discharged for at least two years, with re-established credit.
  • Buyers with a foreclosure or short sale can qualify two years after the sale date with a 20% down payment.

FHA and VA Loans (Government backed loans)

  • A government-insured loan with more flexible underwriting guidelines than conventional loans.
  • Requires mortgage insurance for FHA borrowers.
  • Best for buyers with low down payments and average credit.

Chattel Loans (For Homes on Non-Permanent Foundations)

  • Ideal for buyers placing their home on a non-permanent foundation.
  • Requires a minimum credit score of 580.
  • Buyers with lower credit scores may require a larger down payment.
  • Considered personal property loans, with interest rates starting at approximately 8%.
  • Loan terms typically range from 20 to 25 years.

Reverse Mortgages

A Reverse Mortgage is a great option for individuals 62 years or older looking to either upgrade to a new home and/or downsizing.

Benefits of a Reverse Mortgage:

✔ No monthly mortgage payments—ever!

✔ No down payment required.

✔ No effect on Social Security or Medicare.

✔ Bad credit? You still qualify!

✔ No asset or income verification needed.

✔ You retain full ownership of your home.

The amount of funds available is based on your age, property’s appraised value, and current interest rates.

Reach Out Today