A Conventional Mortgage might be best for you if:

• You have at least 5% to put down.  (But you can put down 3%.)
• Your credit score is 700 or higher.  (The higher it is, the more likely you are a conventional customer!
• You want to finance $417,000 or less.
• You can survive a more rigorous underwriting process.

Fannie and Freddie have both launched programs geared to first time home buyers.  These products require only 3% down, and can be a great option to FHA!  Contact us, and we will work to find you your best option!

VA Streamlines are easy!

• Appraisals are not required.
• Underwriting is very relaxed.  You need a score of 640 or higher.  We do a limited mortgage only credit pull, to verify that your mortgage has been paid on time the last twelve months.
• No asset verification, unless you need to bring money to close.
• You don't have to be living in the home.  If the property is an investment or a second home, you can still refinance it with a IRRRL!
• We don't need a new Certificate of Eligibility.  We can verify your eligibility with the VA.
• You can refinance from an adjustable rate mortgage to a fixed rate mortgage.
• Termite inspection is not required.
•  You can include your closing costs, so that no money is needed for closing.  We will give you several options to consider.
• You can not get cash out at closing. (There is a full documentation VA refinance that allows this.)