Loan Programs – mortgageaholics.com

Services

What goals are you planning for?

At mortgageaholics.com, we deliver expert mortgage guidance with speed and precision, helping you secure your home efficiently and confidently.

Our team ensures every step of the process is clear, simple, and tailored to your needs, making your dream home a reality without the stress.

Conventional Loans

Conventional fixed-rate loans are a widely chosen mortgage option, featuring a stable interest rate for the entire duration of the loan. This means monthly payments generally remain unchanged. Although a 20% down payment has traditionally been the norm

HELOC Loans

A HELOC, or Home Equity Line of Credit, is a loan that lets homeowners borrow against their home equity. It functions like a revolving credit line, allowing you to borrow, repay, and borrow again up to a set limit, with your home as collateral.

FHA Loans

FHA (Federal Housing Administration) loans are government-insured mortgages designed to help individuals with low to moderate incomes and less-than-perfect credit buy a home. They offer benefits such as lower down payment requirements.

VA Loans

VA (Veterans Affairs) loans are home financing options created to support eligible U.S. veterans, active-duty military personnel, and certain members of the National Guard and Reserves in purchasing a home. Guaranteed by the U.S. Department of Veterans Affairs.

USDA Loans

USDA (United States Department of Agriculture) loans are government-backed mortgages that promote homeownership in rural and suburban areas. They offer benefits like no down payment, low interest rates, and flexible credit requirements.

Jumbo Loans

Jumbo loans are mortgage loans for high-priced homes that exceed the loan limits set by entities like Fannie Mae and Freddie Mac. They allow buyers to purchase luxury properties with competitive interest rates and favorable loan terms.

Reverse Loans

Reverse mortgage loans, also referred to as reverse equity loans, are available exclusively to homeowners aged 62 and older. As the name suggests, this type of loan provides the homeowner with either a lump-sum payment or monthly installments. When the loan term ends.

DSCR Loans

DSCR (Debt Service Coverage Ratio) loans are specialized loans for commercial and investment properties. Rather than the borrower’s personal income, they focus on the property’s ability to generate enough income to cover its obligations.

Construction Loans

Construction loans are short-term financing options for building or renovating residential or commercial properties. Funds are released in stages as construction progresses, helping manage financial strain during development.

Non-QM Loans

Non-QM (Non-Qualified Mortgage) loans are mortgage options that fall outside the standard requirements set by entities like Fannie Mae and Freddie Mac. They are generally intended for borrowers who don’t meet conventional lending standards.

Bank Statement Loans

Bank Statement Loans provide a flexible financing option for self-employed individuals or those with unconventional income sources. Rather than relying on tax returns, these loans use bank deposit records to verify income, making them well-suited for freelancers.

Refinance Loans

Home Refinance Loans, often known as refinancing, involve replacing an existing mortgage with a new one, typically with different interest rates or terms. Many homeowners choose to refinance to reduce their monthly payments, obtain a lower interest rate, or access the equity.

Foreign National Loans

Foreign national loans are mortgage programs specifically designed for individuals who are neither U.S. citizens nor permanent residents but are interested in purchasing property within the United States. These loans offer a pathway for foreign investors, expatriates.

Commercial Loans

Commercial loans are financing solutions designed to help businesses with needs like buying property, funding expansion, or covering working capital. They typically offer larger amounts and longer repayment periods than personal loans.