Our Programs

 A conventional mortgage loan is a type of home loan that is not guaranteed or insured by a government entity, such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). Instead, it is originated and funded by private lenders, such as banks or mortgage companies. Conventional loans typically require higher credit scores and down payments compared to government-backed loans. They offer fixed or adjustable interest rates and various term lengths, allowing borrowers to choose the option that best suits their financial situation. Additionally, conventional loans are subject to conforming loan limits set by government-sponsored enterprises like Fannie Mae and Freddie Mac. 

 An FHA loan is a mortgage insured by the Federal Housing Administration (FHA), a part of the U.S. Department of Housing and Urban Development (HUD). These loans are designed to help low-to-moderate income borrowers and those with less-than-perfect credit to purchase homes with more favorable terms. FHA loans typically require lower down payments (as low as 3.5% of the purchase price) and have more lenient credit score requirements compared to conventional loans. However, borrowers are required to pay mortgage insurance premiums to protect the lender in case of default. FHA loans can be used for various types of properties, including single-family homes, multi-family homes, and condominiums. 

 A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA), designed to help active-duty military personnel, veterans, and eligible surviving spouses purchase or refinance a home. VA loans typically offer favorable terms, including no down payment requirement in many cases and competitive interest rates. These loans also often have more flexible credit requirements compared to conventional loans. VA loans may cover various types of properties, including single-family homes, condominiums, and multi-unit properties, as long as the borrower intends to use the property as their primary residence. Additionally, VA loans do not require private mortgage insurance (PMI), which can result in lower monthly payments for borrowers. 

A USDA loan, also known as a USDA Rural Development loan, is a mortgage program offered by the United States Department of Agriculture (USDA) to encourage home ownership in rural and suburban areas. These loans are primarily aimed at low-to-moderate income borrowers who may have difficulty securing conventional financing. USDA loans offer several benefits, including no down payment requirement for eligible borrowers, competitive interest rates, and flexible credit requirements. They can be used to purchase, refinance, or repair eligible properties located in designated rural areas as defined by the USDA. Additionally, USDA loans typically include guarantee fees and annual fees, which may be financed as part of the loan amount. 

 A bank statement loan is a type of mortgage loan that allows borrowers to qualify based on their bank statements rather than traditional income documentation such as tax returns or pay stubs. This type of loan is typically used by self-employed individuals or those with non-traditional sources of income who may have difficulty meeting the income verification requirements of conventional loans. With a bank statement loan, lenders analyze the borrower's bank statements over a certain period (usually 12-24 months) to assess their income stability and ability to repay the loan.  

 A Debt Service Coverage Ratio (DSCR) loan is a type of commercial mortgage loan that evaluates the income generated by the property being financed, rather than solely relying on the borrower's personal income or creditworthiness. The DSCR measures the property's ability to generate enough income to cover its debt obligations, including the mortgage payment. Lenders typically require a minimum DSCR to approve the loan, ensuring that the property's income is sufficient to cover the loan payments with a comfortable margin. DSCR loans are commonly used for income-producing properties such as commercial real estate, multifamily properties, and investment properties. They are particularly attractive to investors and property owners looking to finance properties with stable cash flow streams.

 A hard money loan is a type of short-term financing typically used by real estate investors to purchase or renovate properties. Unlike traditional loans from banks or mortgage lenders, hard money loans are issued by private investors or companies, often referred to as hard money lenders.

These loans are secured by the value of the property itself rather than the borrower's creditworthiness or financial history. Hard money lenders base their lending decisions primarily on the property's value, its potential for profitability, and the borrower's equity in the property. As a result, hard money loans can be obtained quickly, with less emphasis on the borrower's credit score or income verification.

A fix and flip loan is a type of short-term financing used by real estate investors to purchase, renovate, and sell properties for a profit. These loans are specifically designed for the "fix and flip" strategy, where investors buy distressed or undervalued properties, make improvements to increase their value, and then sell them quickly for a profit.