Loan Programs

Solutions Mortgage offers over 100 different loan products. The following is a brief overview of some ot the different types of programs we offer. Please speak with one of our qualified loan officers to determine which program will best suit your specific needs.

Conventional Financing
MORE INFO
on Conventional Financing
Standard loan programs designed to meet the needs of a variety of different borrowers.

Programs

Benefits

Fixed Rate Mortgage

Monthly payments are fixed over the life of the loan

Interest rate does not change

Stable payment

Best value if you are thinking long term homeownership

Available in 10, 15, 20 or 30-year terms

Adjustable Rate Mortgages


Lower initial monthly payment

Lower payment over a shorter period of time

May qualify for a higher loan amount

Best value if you are thinking short term homeownership


Government Financing MORE INFO
on FHA Loans
MORE INFO
on VA Loans

The U.S. Department of Housing and Urban Development through the Federal Housing Administration (FHA) and the U.S. Department of Veterans Affairs (VA) offer government-insured loans. Ideal for the first-time home buyer, these loans have features that make purchasing a new home easier .
Programs Benefits
FHA Insured Mortgage Low down payment

No maximum income or earning limitations

Fixed rate and ARM loans available

VA Guaranteed Mortgage for Qualified Veterans
Zero down payment

Flexible qualifying guidelines

Do not need to pay Private Mortgage Insurance

Other Types of Financing MORE INFO
on Financing
Solutions Mortgage also offers specific programs to fit many of your borrowing needs.
Programs Benefits

Balloon / Reset Mortgages

Lower initial monthly payment

Lower payment over a shorter period of time

Many balloon mortgages offer the option to refinance at the end of the balloon period


Alternative Documentation/
No Documentation Loans

May not need to verify income

May not need to verify assets

Greater flexibility

Less documentation required up-front

Designed for self-employed borrower's needs

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