With an FHA Loan, your home loan is insured by HUD. The FHA Program is designed to help give home buyers the opportunity to qualify for a mortgage, when they may not otherwise qualify. HUD assumes some of the risk on the loan. The requirements are not as high for an FHA loan as they are for Fannie Mae or Freddie Mac Loans. Plus, a borrower can purchase a home with only 3% down. In some cases a borrower can qualify for gift programs which allow them to purchase a home with no money out of pocket. There are a variety FHA loan programs that you can take advantage of. A mortgage specialist can give you advice as to which is best for you.

Loans above the maximum loan amount established by Fannie Mae and Freddie Mac are known as 'jumbo' loans. Because jumbo loans are bought and sold on a much smaller scale, they often have a little higher interest rate than conforming, but the spread between the two varies with the economy

VA Mortgage

VA loans are designed to provide assistance in purchasing a home for United States Veterans.  A benefit of a VA loan is that you can purchase a home with no down payment. In addition, it is slightly easier to qualify for a Veterans Affair loan when compared to a regular loan. Many people for who actually qualify for a VA Loan are not aware of it.  If you would like to learn how to get approved for this type of Loan or to find out whether you qualify for one, you may speak with a mortgage specialist by calling 210-593-4201.

Nehemiah FHA Mortgage

The Nehemiah Program® exists for a very simple purpose: helping people become homeowners. Established by the Nehemiah Corporation of California, The Nehemiah Program® provides gift funds for down payment and closing costs to qualified buyers using an eligible loan program, such as FHA. Gift funds of 1% to 6% of the contract sales price can be requested, depending on the particular needs of the buyer. Given the unique structure of The Nehemiah Program®, individuals and families can often move into their new home with zero cash out of pocket!

• NO Repayment of Gift Funds
• First Time and Repeat Home Purchases
• New or Resale Homes are Eligible
• NO Income or Asset Limits
• NO Geographical Restrictions

As the original and most innovative down payment assistance program, The Nehemiah Program® offers the industry’s lowest required seller’s contribution. Seller contributions are equal to the buyer’s gift amount plus a small processing fee at the close of escrow. Often the buyer, lender or seller can pay the processing fee. Contributions and fees are reinvested for future gift funds and community development programs across the country.

If you are not sure which loan program is right for you, contact us and
we will assist you finding the best option that is going to
benefit you and your family the most.

This page lists just a few of the loan programs we have to offer you.

Starting your home loan process is simple.  Simply click on one of the links below and let us do the rest!

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80/15/5

80/15/5 loans are also described as combination financing and offer a convenient way to  provide creative financing in a purchase, refinance, home improvement, or debt consolidation transaction. In a purchase transaction, a second trust is frequently used in combination with a first trust to avoid paying Private Mortgage Insurance or PMI. The first trust is always set at 80% of your purchase price which eliminates the need for PMI. We add a second trust of 15% of the purchase price and you supply 5% cash. Several advantages to consumers using this approach include: Your entire payment is tax deductible (mortgage insurance is not) You may decide to pay off your second early
reducing your total payment.

80/10/10

A combination of an 80 percent loan-to-value first mortgage, a 10 percent down payment and a 10 percent home equity loan. It would eliminate the need for private mortgage insurance, and for expensive homes it could eliminate the need for a jumbo mortgage.

107% Down Program

No Down payment required and closing costs can be financed up to 107% of the purchase price. Only single-family homes that will be owner occupied are eligible. First time homebuyer status not required and there are no income limits.

Home Equity

A home equity loan is a loan that uses your home as collateral. Your home equity is the part of your home that you actually own and this is the guarantee for your loan.

Your home equity is calculated by taking the current value of your home and subtracting your mortgage. For example, if your home is worth $150, 000 and you have a $100,000 mortgage, you have $50,000 of equity in your home. A home equity loan allows you to borrow money using your equity of $50,000 as security for the loan.

A home equity loan, often called a second mortgage, reduces your equity or ownership in your home. Since your home guarantees your loan, if you default on the payments, you can lose your home.

Construction Loan

A temporary loan used to pay for construction costs. The lender gives the builder cash advances as the construction progresses; when construction is completed the borrower must pay the loan off or get permanent financing for the balance due.

2nd Mortgage

A Second Mortgage Loan is a mortgage granted, (and registered) when there is already a first mortgage registered against the property. If you are like most homeowners, you probably have a first mortgage loan on your home. As you make monthly mortgage payments and the value of the home increases, your interest in the property (called "equity") grows. After a while, some homeowners may wish to borrow against the equity in their home to get cash, to make home improvements, to educate their children, or to consolidate personal debts. Because such loans are in addition to the first mortgage on the home, they are commonly called second mortgage loans.  

Second mortgage loans are different from first mortgages in several ways. They often carry a higher interest rate, and they usually are for a shorter time, 15 years or less. In addition, they may require a large single payment at the end of the term, commonly known as a balloon payment.