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| 100% Financing Loans |
| Conforming Loans |
| Jumbo Loans |
| 2nd Mortgage Loans |
| No Doc/ Reduced Doc loans |
| Imperfect Credit Loans |
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100% Financing Loans
Ideal for 1st time home buyers, but available to all, these no down-payment mortgages can help reduce or eliminate nearly every cost associated with obtaining a home loan. These loans normally combine two loans:an 80% 1st mortgage and a 20% 2nd mortgage. The interest rate is generally the weighted average of the two loans. 100% financing may also be available as 1 loan and may be available as a consolidation refinance.
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Conforming Loans
We offer conforming loans, including 30 year and 15 year fixed rate products, and a full slate of adjustable products including the 3/1, 5/1 and 7/1Libor ARMs, all of which meet Fannie Mae and Freddie Mac loan guidelines. These generally have higher loan limits than government loans.
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Jumbo Loans
We have loan products that will allow us to stretch loan sizes to $1 Million or more. These include several options, fixed rate, adjustable rate, balloon note, and new interest only adjustable rate loans.
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2nd Mortgage Loans
Homestead Mortgage offers a number of 2nd mortgage loans. These include home equity fixed term mortgages, home equity lines of credit (H.E.L.O.C.s), consolidations, 100% purchase or refinance seconds and even 115% loans.
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No Doc/ Reduced Doc loans
No Doc/Reduced Doc/Stated Income loans are ideal for self-employed borrowers with good credit. These loans enable a borrower to use limited, or even, no documentation to prove income. They may also be available to salaried borrowers under certain terms and can be used for purchase or refinance transactions. In some cases they can go as high as 95% or even 100% loan to value.
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Imperfect Credit Loans
Homestead Mortgage also offers loans to borrowers with less than perfect credit. We understand that issues can come up that may cause a borrower to fall behind. We have several products designed specifically to help clean up credit and get you back on the right track even if you have been turned down before. Contact us today for product specifics.
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