Loan Resources


Home Loan Options

Helping you live the dream of homeownership. For first time buyers to experienced home owners: Conventional loans come in a variety of options to suit a broad spectrum of qualified borrowers.


CONVENTIONAL CONFORMING

  • Conventional 95%
  • Standard 97%
  • High Balance
  • Lender Paid Mortgage Insurance
  • Min Fico 620+

CONVENTIONAL NON-CONFORMING

  • Purchase, Rate-term & Cash-out Available
  • High LTV Options (up to 89.99%)
  • Loan Amounts to $3M
  • Fixed or Arm (Amortized or Interest-only)
  • Min Fico 680+
  • Primary, 2nd Home and Investment Properties

FHA LOANS

Making home-ownership accessible and affordable. The FHA loan is a great product that helps many people become homeowners. FHA loans are particularly designed to benefit buyers who do not have perfect credit or large down-payment.

  • Purchase 96.5%
  • Streamline Refi
  • Cash-Out Refi
  • High Balance
  • Min Fico 580+

VA LOANS

Let your military service get you a home. The VA loan is an excellent loan option that assists our Veterans with obtaining home-ownership.

  • Purchase 100%
  • VA IRRRL
  • Cash Out 90%
  • Min Fico 580+

  • Purchase, Rate-term & Cash-out Available
  • High LTV Options (up to 89.99%)
  • Loan Amounts to $3M
  • Fixed or Arm (Amortized or Interest-only)
  • Min Fico 680+
  • Primary, 2nd Home and Investment Properties

  • Doctor Loans (up to 100%, No MI)
  • 2nd Home and Investment Properties
  • Bridge Loans*
  • Cross-Collateralization*
  • Departing Residence*
  • Delayed Financing*
  • RSU*
  • Unique Properties/Mixed Use*
  • Non-Warrantable Condos/Condotels*
  • Multi-Family*
  • Entity Vesting*
  • Commercial*

  • Single-wides* & Multi-wides
  • Built after 1976
  • Conventional, FHA, VA, and USDA

USDA (RURAL)

The USDA home loan program helps lenders work with low and moderate income families living in rural areas to make home ownership a reality. Providing affordable home ownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.


  • Purchase 101%
  • Refinance and Streamlined Assist

DOWN PAYMENT ASSISTANCE

  • National (Chenoa, Essex, PATH)
  • State DPAs
  • Grants, Community 2nds

CONSTRUCTION LOANS

  • One-time Close
  • Fix n' Flip

RENOVATION LOANS

  • FNMA/FHLMC/FHA/VA/USDA & Portfolio

  • HELOCs (Adjustable), 1st Lien Available
  • HELOANS (Fixed)
  • Loan Amounts up to $750K
  • Up to 95% CLTV
  • Min Fico 640+

  • 90% LTV, Loan Amounts to $30M
  • Asset Qualifier
  • Bank Statement, 1099, P&L, 1-Year Self-Employed
  • Community Mortgage/No Ration
  • DSCR Investor Cash Flow - DSCR .80%+
  • Expanded/Alternative Credit Options, 575+
  • Foreign National & ITIN Borrower Eligibility
  • Interest-only options* Manual Underwriting, 50% DTI
  • Purchase, Rate-term & Cash-out Available
  • Primary, 2nd Home, or Investment Properties

A Reverse Mortgage is a loan for homeowners aged 62 and older that allows you to convert part of your home equity into cash—without selling your home or making monthly mortgage payments. It’s a flexible way to boost your retirement income and gain peace of mind while staying in the home you love.

  • No monthly mortgage payments required
  • You retain ownership and stay in your home
  • Receive funds as a lump sum, monthly payments, or a line of credit
  • Does not impact Medicare or Social Security benefits

Use Our Reverse Mortgage Calculator

Mortgage Loan Process

The mortgage loan process can seem complex to many, but we'll work with you to guide you through every step so you never feel lost or overwhelmed.

1

First things first—apply for pre-approval via our "Apply Now" button at the top of this page!

2

Once we receive your requested documents, we'll schedule a time for us to meet. We'll review your mortgage options, talk about the home buying process, and issue your pre-approval.

3

Now the fun starts and you can start searching for your dream home!

4

Once you find a home and your offer is accepted, your interest rate will be locked in.

5

Next, we'll get your appraisal moving and title work will be ordered.

6

Once the appraisal and title work are complete, yourr loan will be sent to Underwriting Review.

7

When you receive final figures for closing, you know you're almost there!

8

And the final step—attend closing with your driver's license and receive the keys to your new home!

Items Needed for Pre-Approval

  • W2s from the last two years 
  • 1040 Federal Tax Returns from the last two years (all pages) 
  • If you are a business owner, you will need business tax returns and K1s 
  • 2 most recent paystubs 
  • 2 months of recent statements for all assets (checking, savings, money market, retirement, etc.) 
  • Driver’s license or passport 
  • Other documentation may include: offer letter for employment, school transcripts, social security or pension award letters, divorce decree, bankruptcy papers, short sale documentation. 


Calculate Your Monthly Payments

Sometimes seeing the numbers can help with decisions. Check out some of our mortgage calculators below and then reach out to Tim Erickson to talk about the next steps in your home loan process!

Reverse Mortgage Calculator

FAQs

If you have questions that aren't covered here, don't hesitate to reach out to us. Our team is dedicated to providing you with comprehensive information and support throughout your mortgage journey. Your inquiries are always welcome!

  • Do we need to provide all of our information to get a rate quote?

    We can make assumptions but prefer not to since once we get your information it can change. There are over 25 different variables that go into the rate. Top variables are credit score, loan amount, loan compared to value, occupancy, and how much or if you want to pay what is called “discount points” to buy the rate down.

  • Do you guys do a hard credit pull/inquiry?

    Yes, we have to do a hard credit inquiry so we know your credit score. Lenders use a mortgage model which is most of the time different from what the free services give you. The free credit services give you an idea of where you might be, but the score may not be accurate. Credit is one of the major factors that affect interest rates.

  • How long is a preapproval good for?

    Preapproval is good for 120 days.  After that, information will have to get refreshed to extend that time.

  • How long does it take to get pre-approved?

    Preapproval can get done as quickly as one day or may take up to a week depending on how long it takes to receive your required information. 

  • What are the closing costs?

    The closing costs are mostly fixed costs associated with getting the loan. In addition, there are some variable items to set up escrow to pay for taxes and insurance at closing. Also, potential points to buy down a better interest rate or lender credit for a higher rate.  General rule of thumb of 3% of the purchase price can be a good gauge for homes in the $275K to $375K range. 

  • Who do I pay and when?

    Inspections will have to be paid at the time of the inspection. Earnest money is usually paid at the time that your offer is accepted. Sometimes appraisals are paid at the time of the appraisal (other times it will be collected at closing). The remaining items are paid at closing. 

  • When is my first payment?

    Typically, 30-60 days from closing.  Due on the 1st of each month with a 15 day grace period.

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