Loan Information/Products:
As a real people oriented company, we serve people with mortgage services in Conventional, FHA, USDA, and VA residential home loan products. We have a department deals with Business loan such as SBA and Conventional. We are partnered with most popular, genuine, and professionallenders to make loan easy and clear for our clients with right loan.
Conventional loan is a mortgage that is not directly guaranteed or insured by any government agency, but can be defined as either government-backed or conventional. The Typical Conventional Loan disadvantages can behigher down payment requirements, higher rates, and bit more difficult to qualify. One of the greatest advantages of a conventional loan is that there is no private mortgage insurance with a 20% down payment on a home purchase or 80% loan to value on a refinance mortgage. FHA loans require an upfront mortgage insurance premium of 1.75% and a lifetime 1.35% annual FHA mortgage insurance premium which can be quite costly. You cannot cancel the FHA mortgage insurance premium no matter how low your loan to value is unless you pay off or refinance your 30-year fixed rate FHA insured mortgage loan. With conventional loans, private mortgage insurance is required for any mortgages with higher than 80% loan to value, however, the annual private mortgage insurance is normally half of those of FHA mortgage insurance premium and you can request that the private mortgage insurance be canceled once your property is meets 80% loan to value. A new appraisal will be required.They include Conforming loans, Non-conforming loans, Jumbo loans and Sub-prime loans.
FHA loan is directly insured and guaranteed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). These loans are designed to low to moderate income home-buyers afford a house with more lenient credit score requirements and a low-down payment. Some of the other benefits of FHA financing can be very low such as 3 percent down payment is required, closing costs can be financed, lower monthly mortgage insurance premiums. e flexible underwriting criteria than conventional loans
VA Loan is a home-mortgage option available to United States Veterans, Service Members and not remarried spouses. VA Loans are issued by qualified lenders and guaranteed by the U.S. Department of Veterans Affairs (VA). This is guaranteed by the U.S. Department of Veteran Affairs. Also referred to as a “government” mortgage. No down payment is required in most cases, lower rates, limited buyers’ closing cost are some the benefits of the loan type.
USDA Home Loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture.Not everybody lives in an area that will qualify for a USDA home loan, but for those that do they can be a much better deal than any other mortgage product. Rates are set by lenders, but they are typically low and no down payment is required. To be eligible for many USDA loans, household income must meet certain guidelines. Also, the home to be purchased must be in an eligible rural area as defined by USDA.
Commercial Loans include SBA and Conventional Loan. Financing available for purchases, refinancing, expansions, rehabilitations, and new construction of all income producing properties:Multi-Family and Senior Housing, Assisted Living, Office Buildings, Medical Facilities, Retail Strip Centers, Warehouses and Self Storage, Hotels and Motels, Restaurants Churches, Day Care, and Schools, Gas Stations, Convenience Stores, Liquor Stores, Auto Repair Shops
