Loan products
Government, conventional and niche programs. Every one starts with the same question: which loan fits your situation, not which one pays us most.
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Cash Out Refinancing
Access your home's equity to consolidate higher interest debt and improve cashflow, complete home improvements, repairs & renovations or simply establish cash reserves for a rainy day.
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Temporary Buydowns
Temporary Buydowns allow borrowers to reduce their effective monthly payment for a limited period of time through a temporary buydown of the interest rate. This option is ideal for borrowers who may need to replenish savings or spend on home upgrades.
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Home Renovation Loans
Renovation loans including the FHA 203(k), Fannie Mae HomeStyle, Freddie Mac CHOICErenovation and VA Renovation loans all allow you to purchase or refinance a home with a single loan and borrow against the future, after-improved value. Our renovation specialists will make the process easy and ensure a smooth process from start to finish.
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HomeReady® and HomePossible® Loans
For creditworthy low-income borrowers, these Fannie Mae and Freddie Mac programs allow for as little as a 3% down payment, reduced mortgage insurance premiums and flexibility on sources for down payments and closing costs.
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FHA Loan
FHA Loans or Government-Insured Federal Housing Administration Loans are oftentimes used for first-time home buyers as well as buyers with low-to-median-income and/or credit challenges who cannot qualify for a conventional loan. FHA borrowers pay an upfront & annual mortgage insurance premium.
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Conventional Loan
Conventional loans are loans that are not insured by the federal government. The borrower must have good credit, sustained employment, and income history, and be able to put down at least 3% of the total loan.
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VA Loan
VA Loans are exclusive for military service members, veterans, and their spouses. Borrowers can finance up to 100% of the loan amount without a required down payment. These loans usually have lower interest rates, lower closing costs, and no PMI or MIP is necessary.
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USDA Loan
USDA Home loans are a loan program guaranteed by the U.S. Department of Agriculture like FHA and VA loans. The mission of the USDA is to promote economic growth in rural areas. USDA home loans have given many families who otherwise wouldn’t qualify for a mortgage, an opportunity to do just that.
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Bank Statement and No Doc Loans
This loan program is ideal for buyers that earn seasonal income, are independent contractors, or are self-employed. Working with your information on bank statements and other documentation, we are able to lend based on your income.
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FHA $100 Down Loan
The FHA $100 down payment program is available to anyone who wishes to purchase a HUD home as their primary residence and can meet the basic qualifications for an FHA loan. It is essentially a no down payment mortgage program.
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Manufactured & Mobile Home Loans
With attractive rates and terms, these loans offer a practical path to ownership of Manufactured & Mobile homes without the need for traditional real estate collateral. Whether you're purchasing a new home or refinancing your existing one, our team is here to guide you every step of the way.
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Renovation HELOC
A Renovation home equity line of credit (HELOC) allows you to fund home improvement projects against the future, after-improved value of the property. A Reno-Fi HELOC does not require a refinance of your first mortgage, offers the convenience of unlimited draws without inspections and more control to enhance and upgrade your living space.
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Good Neighbor Next Door Loan
50% discount from the list of the home for law enforcement officers, teachers (pre-Kindergarten through 12th grade) firefighters, and emergency medical technicians.
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Home Equity Conversion Mortgages (HECM) aka Reverse Mortgages
A reverse mortgage allows homeowners 62 or over to borrow against their home’s equity. Unlike a regular mortgage in which the homeowner makes payments to the lender, no payments are required on a reverse mortgage while they live in the home and all proceeds are tax-free.
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Down Payment Assistance Loan
Down Payment Assistance programs are designed to assist homebuyers in funding a down payment. The down payment assistance is in the form of an immediately forgivable 2% or 3.5% grant, helping borrowers to make their dream of homeownership a reality. *Available in all states except Washington state.
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Jumbo Loan
Loans above the conforming loan limit for the county are considered jumbo loans. Beyond the original Jumbo Express loan option, Informed Mortgage LLC is excited to announce we are now offering our Jumbo Express program, which provides quicker funding and fewer conditions. Loan amounts up to $3,000,000.
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HELOC & Home Equity Loans
Unlock the value of your home with our Home Equity Line of Credit (HELOC) and Home Equity Loan options. These products offer both variable and fixed rate options to leverage your home's equity and access funds for various needs, from home improvements to debt consolidation.
Not sure which one?
That is the normal starting point. A loan originator will compare the programs you qualify for, side by side, before you commit to anything.