We Have the Loan to Meet Your Needs
There are enough aspects of the buying process that detract from the elation of becoming a homeowner or making an important investment- finding a mortgage shouldn’t be one of them. Our loan officers make the mortgage process empowering and even exciting. We strive to provide you with the information and guidance necessary to feel confident that you have selected the loan program able to meet your personal goals and individualized needs.
Below is a brief overview of the fixed rate loan options we offer.
After meeting with one of our experienced loan officers, you’ll have all the details you need to decide which one is right for you.
The most common type of mortgage loans, not insured by the US Government.
Loans require only a 3.5% down payment and generally offer more flexible guidelines and credit score requirements than conventional loans. FHA loans are insured by the Federal Housing Administration (FHA), a government agency, and offered through private mortgage lenders.
Designed to promote home ownership for current and former service members. VA loans are guaranteed by the Department of Veterans Affairs (VA) and offered through private mortgage lenders. No down payment options up to certain loan amounts.
For rural property owners and underwritten by the U.S. Department of Agriculture (USDA) and offered through private mortgage lenders, these offer 100% financing to qualified buyers. All closing costs may be either paid for by the seller or financed in the loan.
For situations where the loan value exceeds the standard limits for conforming loans set by Fannie Mae and Freddie Mac, the government-sponsored institutions that buy loans from banks and private mortgage lenders. Underwriting guidelines are typically more restrictive.
*Atlantic Coast Mortgage, LLC is not affiliated with or acting on behalf of or at the direction of [FHA/VA/USDA] or the Federal Government.