30-, 25-, 20-, 15- and 10-year terms are all available with fixed rate.
Buy a home with as little as 5% down (primary home).
Refinance up to 95% of your primary home's value.
Monthly payments remain the same for the entire loan term.
3/1, 5/1, and 7/1 ARM's. Monthly payments based on a 30 year repayment schedule.
The rate stays fixed for the first 3, 5, or 7 years (depending on chosen term), and then adjusting annually thereafter.
3.50% minimum down payment required on purchase.
Minimum credit score usually 620.
Post-bankruptcy qualifying - 2 years after.
Post-foreclosure qualifying - 3 years after.
Competitive interest rates that are routinely lower than conventional rates.
Sellers can pay up to 6 percent of closing costs and concessions.
Higher allowable debt-to-income ratios than for many other loans.
Down payment as low as 0%.
Loan amounts up to $3,000,000 at 70% LTV/TLTV/HTLTV
Loan amounts up to $750,000 at 90% LTV/TLTV/HTLTV Vacation homes to $1,500,000
FICO scores as low as 680
No mortgage insurance
USDA Rural Development Loans are a unique type of loan that require you to put no money down.
We can grant you access to lower rates and 100% financing.
USDA loans have a strict geographic and income requirement
A viable way to gain access to the equity that you have built up in your home.
A reverse mortgage is one way to convert a piece of your equity into direct cash.
Reverse mortgages are in fact very beneficial for seniors ages 62 or older.
Home Affordable Refinance Program (HARP) 2.0 is a program that I suggest to homeowners looking to refinance their home.
HARP 2.0 allows all borrowers with insurance on their current mortgage to refinance.
Copyright The Jake Taylor Team 2018. All Rights Reserved.