Mortgage Programs

 

  • Minimum 3.5% down payment

  • Minimum 620 credit score

  • Down payment may be gifted

  • More lenient credit and underwriting guidelines than conventional loan

  • Non-occupying co-borrower allowed

  • PMI is for the life of loan (unless 5+% is put down)

  • Primary residence only

  • Max loan amount is $271,050

 

  • 100% financing

  • No credit score allowed but stricter underwriting guidelines apply

  • Lower monthly PMI than conventional or FHA

  • PMI is for the life of the loan

  • Household income limits apply

  • Home must be located in RD eligible area

  • Primary residence only

  • No max loan amount

 

  • 100% financing

  • Minimum 620 credit score

  • No monthly PMI

  • More lenient credit and underwriting guidelines than conventional loan

  • Must be qualifying veteran

  • Max loan amount is $417,000 (Jumbo loan program available with down payment)

  • Primary residence only

conventional

fha

rural development

va

 

  • Minimum 3% down payment

  • Minimum 620 credit score

  • Down payment may be gifted

  • Only 1 year's tax returns for self-employed borrower

  • Non-occupying co-borrower allowed

  • PMI may be dropped after 20% equity is gained

  • Subordinate financing allowed

  • Primary, second home, & investment allowed

Shop Now!

Other loan scenarios available for each type of loan...

Lesley@Donedealnow.com

C: 337-344-675

F: 337-680-7532

NMLS # 985635

104 Albertson Pkwy, Ste 1

Broussard, LA 70518

Office NMLS # 1018326

Preferred Lending/ Lesley Lopez is not acting on behalf of or at the direction of HUD/FHA or the Federal Government

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