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| FHA and VA |
| Conforming Loans |
| USDA |
| 203k Loans |
| Jumbo |
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FHA and VA
Government insured/guaranteed long-term, fixed-rate and adjustable loans.
Term: 30 years
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| | FHA and VA are eligible for Down Payment Assistance, which means it will require no money down! For more information, go to the Resources section and look at the Nehemiah Down Payment Assistance Program.
Maximum loan amounts are by county, and can be found at https://entp.hud.gov/idapp/html/hicost1.cfm |
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Conforming Loans
Conforming long-term, fixed-rate and adjustable loans that meet Fannie Mae and Freddie Mac loan limits and property and borrower guidelines. Generally has higher loan limits than FHA and VA.
Term: 30 years
Maximum Amount: $417,000
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| | Like 100% financing, Conforming loans are not just a fixed rate fully amortized mortgage. There are 15 year and 40 year amortized options, ARM options, buy down options, and also interest only options. |
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USDA
Let us know the property address so we can see if the property is USDA eligible. You can finance up to 103% of the appraised value, which could allow you to roll in all of your closing costs and prepaids!
Term: 30 years
Maximum Amount: $417,000
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| | USDA is only available for elgibile properties. Please call for additional details and product guidelines. |
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203k Loans
203k Loans are government insured rehabilitation loans. Qualified customers are able to borrower money to purchase the home along with money to repair, restore, or enhance the home.
Please contact Mike Kelly at 404-406-3975 if you are interested in this type of mortgage.
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Jumbo
Jumbo loans are for the larger homes that are priced above the $417,000 conforming loan limit.
Term: 30 years
Maximum Amount: $2,000,000
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| | 15 and 40 year terms, ARMs, and interest only are also available on Jumbo loans. |
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $2,000,000 with closing costs of $40,000. Your actual APR may be different depending upon these factors.
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