Choosing the Right Loan
Here are many questions to consider when you are choosing the right loan program for your needs. Our Loan Specialist will ask you to consider the following questions when making your decision:

• HOW LONG DO YOU PLAN ON LIVING IN YOUR HOME?
   
• WILL YOUR FINANCES CHANGE OVER THE NEXT FEW YEARS?
   
• HOW MUCH OF A DOWN PAYMENT CAN YOU AFFORD?
  There are many loan programs available to accommodate smaller down payment amounts. Homebuyers who put less than 20% down will most likely have to pay mortgage insurance which is added to the monthly mortgage payment. Many homebuyers choose an 80/10/10 program, which requires that the first mortgage is 80% of the home’s sales price, the second mortgage is 10% of the home’s sales prices, and your down payment is 10% of the sales price. This program eliminates the need to pay mortgage insurance. Many cities and counties also have down payment assistance programs.
   
• DO YOU WANT TO PAY OFF YOUR MORTGAGE QUICKLY?

• Purchase and Refinance.
• 0% down with Credit Score FICO as low as 580.
• Stated income, stated asset program (SISA).
• No income verification program with 0% - 5% down payment.
• Very liberal underwriting guideline that make you easier to qualify.
• Very competitive low income home buyer program.
• Special program for challenging credit and sophisticated borrower.