The Teaches are the Backbone of our Nation!
We are proud to make your dreams come true and offer Priority Loan Processing.
NO Application Fees
NO Appraisal Fees
NO Hidden Fees
Fannie Mae Options
Fannie Mae offers 97% loan-to-value (LTV) financing to help creditworthy home buyers who would otherwise qualify for a mortgage but may not have the resources for a large down payment, as well as a 97% LTV refinance option for Fannie Mae Loans.
The program is offered for the following principal residence transactions:
*Home Ready purchase transaction
*Standard purchase transactions if at least one borrower is a first-time buyer AND
*Standard limited cash-out refinances of existing Fannie Mae loans.
Conventional Mortgage refers to a loan that is not insured or guaranteed by the federal Government. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rates.
FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. FHA loans are offered at low interest rates and with less stringent and more flexible qualification requirements. Minimum credit score 580 (500 – 579 must make down payment of at least 10%). We work directly with FHA to ensure educators get the best loan programs.
0% Down Payment VA Loans
VA loans offer up to 100% Financing. VA mortgage loan established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing. The department of Veterans Affairs does not directly originate VA Loans, instead, they establish the rules for those who may qualify, dictate the terms of the mortgage offered and insure VA loans against default.
To qualify for a VA loan borrowers must present a certificate of eligibility, which establishes their record of military service. The VA loans and other loans insured by department of the United States.
A jumbo loan is a home loan for an amount that exceeds conforming loan limits established by regulation. In most counties, any mortgage of more than $424,100 is a jumbo loan.