If you have good credit and are ready to purchase a home, a Conventional Loan Program may be right for you. With many options and flexibility for the type of home, this program is a good one to explore for qualified buyers.
With different loan limits and requirements than conventional loans, the FHA Loan Program is designed for those in a low-to-moderate income bracket looking to purchase a home.
Geared towards financing homes in highly competitive markets and for purchase points that are higher than conforming mortgage limits, the Jumbo Loan Program might be right for you. This loan covers primary and second homes as well as investment properties.
If you’re a veteran that meets the established service requirements and you’re looking to purchase a home, the VA Loan Program offers great options for financing and downpayment.
If you’re looking to purchase or build a home in rural and suburban America, the USDA Loan Program may be just the program for you. Guaranteed by the U.S. Department of Agriculture, it could help buyers that are looking for an alternative to a conventional loan.
Designed for homebuyers aged 62 or older, this program can help with the purchase of a primary residence. The residence can be a single-family home, multi-family home, or a HUD-approved condo
Atlantic Coast Mortgage, LLC (“ACM”) is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA, or the Federal or State Government.
USDA loans include a one-time upfront guarantee fee equal to 1% of the total loan amount and an annual fee of 0.35% of the outstanding loan balance, paid monthly as part of your mortgage payment. Income and property eligibility requirements apply. For full details, visit https://eligibility.sc.egov.usda.gov.
Borrower pays only the interest on the mortgage through monthly payments for the fixed term of the loan. Borrowers are required to pay off the principal of the loan. Borrowers are also required to make a one-time balloon payment due 6 months from the date of closing.
Not all applicants will qualify. Advertised rates, fees, and program guidelines are subject to change without notice.
Private mortgage insurance (PMI) is generally required for conventional loans when the down payment is less than 20%. If your monthly mortgage payment includes property taxes, your lender will deposit those funds into an escrow account and pay the taxes on your behalf when due.
The reverse mortgage borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, and hazard insurance. The borrower must maintain the home. If the borrower does not meet these loan obligations, then the loan will need to be repaid. If the borrower defaults, the home may be foreclosed upon, which could result in the loss of homeownership. This information has not been reviewed or approved by HUD, FHA, or any government agency, and Atlantic Coast Mortgage, LLC (“ACM”) is not affiliated with these entities.
This is an advertisement and is not a commitment to lend. Contact lender to discuss the loan programs, payment and term options available specifically for you and your needs.
