Conventional Loans are a great option if you have a solid credit score and little debt. You can avoid PMI by paying 10-20% of the loan upfront (depending on program), which will lower your mortgage payments. Some Conventional Loans are available with 3% down.
VA Loan is a $0-down mortgage option issued by private lenders and partially backed, or guaranteed, by the Department of Veterans Affairs (VA). Many VA Refinance rates are in the low 2% for a 30 year fixed. Ask about our VA Streamline Refi.
FHA Loans are designed for low-to-moderate-income borrowers; they require a lower minimum down payment and lower credit scores than many conventional loans. 3.5% down payment & at least a 580 FICO score to qualify.
FEATURED LOAN OFFICER
Rupert "The Mortgage Patriot" Parchment NMLS #2035104 started in the mortgage industry in 1993 after graduating from Tufts University. Building upon that experience, he has a wealth of knowledge in purchasing investment properties and helping credit challenged people achieve the American Dream: Home Ownership.
Mortgage Patriots LLC
700 Automation Drive, Suite H
Windsor, CO 80550
Office: (970) 795-2345