Residential Loan Programs
Loan Allies offers numerous residential mortgage programs designed to meet the needs of our diverse clientele. Your Mortgage Loan Originator will offer a home financing solution with competitive rates that cater to your unique situation.
Life isn’t one-size-fits-all, which is why we offer so many mortgage options. We know that our clients come from all walks of life, with varying goals. That’s why Loan Allies offers such a diverse mortgage loan portfolio.
Our loan programs include fixed & adjustable rate, jumbo, FHA, VA, interest only, real estate investor, foreign national, home improvement loans, and Reverse Mortgages.
As our client, you’ll enjoy our industry expertise and world-class service as we guide you toward a customized mortgage solution.
Fixed and Adjustable Rate Products meeting GSE underwriting requirements. Offer greater flexibility for buyers seeking loans under $417,000 who can afford higher down payments. Fannie Mae and Freddie Mac recently released a 3% down payment option, allowing buyers choosing conventional loans to get the benefits of a low down payment.
Secure government loans insured by the FHA. Popular with first-time home buyers. Benefits of FHA loans include: low down payments, security of a government-backed loan, flexible qualifying guidelines for individuals with little or no credit history or previous financial difficulties.
Flexible loan option requiring zero down payment and has very low interest rates. Designed for borrowers who want to purchase a modest home in a rural area. The USDA Guaranteed Rural Housing (GRH) loan program promises 100% financing to buyers with income and credit history, but who lack full down payment.
Second Homes & Investment Properties
Buy a vacation home or an investment property with our loan programs designed specifically for this type of purchase. You may wish to purchase that lakehouse you’ve always dreamed of, or maybe you’re ready to add to your investment portfolio with a rental property. Whatever your desire, we have a loan program for you.
The perfect loan for houses in need of a little cosmetic work or modernization. Build the cost of your renovations into the total loan amount, so you won’t need to dip into your savings! Maximize your home’s value with upgrades, whether they’re small–like a bathroom refinish–or larger, such as structural add-ons, luxury items, or even a full renovation.
Want to finance the build of your dream home? A construction loan can get you there! This loan covers the costs of the project before obtaining long term funding. Typically these loans have higher interest rates than conventional loans, but we will work with you to find the absolute lowest rates available for you.
You’ve worked your entire life to pay for your home. Now, let your home pay you! This loan allows you to pull equity from your home in the form of cash, allowing you to use the money any way you wish.
*Reserved for seniors aged 62 and older.
Foreign National Programs
If you want to purchase a home in the United States, but don’t have enough money saved up for a large down payment, you can still qualify for an FHA or conventional fixed-rate loan as long as you purchase PMI.
Down Payment Assistance Programs
If you’re worried about saving enough money for a down payment, know that we work with lenders that offer grant programs for first-time home buyers. These grants do not need to be paid back and are designed for first-time buyers, low-to-moderate income buyers, and families. Down payment assistance programs may come with additional approval requirements.