Conventional: typically 640 minimum score, 5% down payment, no PMI with 20% down.
3% down options are also available with HomeReady & HomePossible!
USDA: typically 660 minimum score. $0 down. Income and geographical limits apply:
Kent & Sussex Counties: $91,900 for 1-4 person household
$121,300 for 5-8- person household
New Castle County: $111,100 for 1-4 person household
$146,650 for 5-8 person household
* Locations in Dover, Smyrna, Middletown, and areas north of Delaware City may be ineligible.
FHA: 580-620 minimum score. 3.5% down payment, and less restrictive guidelines for credit and debt-to-income.
Veterans Affairs: $0 down with scores as low as 500, no PMI, and additional savings for disabled veterans.
One of our Loan Officers is a veteran and specializes in assisting veterans.
Manufactured Housing: cannot be older than 1976, must be Class C.
Various financing options available.
Reverse Mortgages: Lump sum, monthly payouts, line of credit, even purchases.
You choose how to use the equity in your home to supplement your retirement
Commercial Real Estate: Purchase, Refinance - Apartment Buildings, Storefronts, Office Buildings, Agricultural, etc. - Available in all 50 states
Niche Programs for Unique Financing: Low scores, No scores, Recent Bankruptcy, Recent Foreclosure, 1 day Off Market, Self-Employed, Medical Professionals, etc...
"If We Can't Do the Loan... It Probably Can't Be Done!"
Which Mortgage Product is Right for You?
We Work with Dozens of National Banks and Lenders So We Can Find the Best Options for Each Client