Specialty Loans
Investment Loan
Investment Loans are loans that allow individuals or businesses to borrow money to invest in various financial assets, such as stocks, bonds, mutual funds, or real estate. The loan is secured by the investment portfolio itself, which serves as collateral for the loan.
Key Benefits:
- Investment Loans work similarly to Conventional Loans and allow the use of equity from your current home as a down payment.
- Real estate has historically been a great investment. When you purchase a rental property, you are also helping a family find their home.
USDA Loan
USDA (United States Department of Agriculture) Loans are designed to encourage homeownership in rural areas. These loans are available to eligible borrowers who meet certain requirements, including income limits and the location of the property they want to purchase.
Key Benefits:
- Provides the option of up to 100% financing—meaning there’s no down payment required. This makes the loan popular among first-time and low-to moderate-income homebuyers.
- USDA Loans are backed by the government, and often come with a competitive interest rate.
Construction Loan
Construction Loan is a type of short-term financing designed to help individuals or businesses fund the construction or renovation of a new property. It provides funds to cover the costs associated with the construction process, such as materials, labor, permits, and other expenses.
Key Benefits:
- With Construction Loans, you combine the costs of construction with your mortgage for one monthly payment over the life of the loan.
- By building from the ground up, you may be able to now build your dream home the way you have always wanted it.
Renovation and Rehab Loan
Renovation and Rehab Loans are financial products designed to help homeowners finance the cost of renovating or improving their existing property. These loans are specifically intended for the purpose of making repairs, renovations, or upgrades to a home.
Key Benefits:
- You can combine the costs of the construction into your mortgage for a simple, straightforward payment.
- Homebuyers are able to not only buy larger homes, but also in areas they normally couldn’t afford.
Commercial Real Estate Loan
Commercial Real Estate Loans are loans specifically designed to meet the financial needs of businesses. These loans are used by businesses to fund various operational or investment activities, such as expansion, real estate acquisition, and other business-related expenses.
Key Benefits:
- Expand your business by opening new locations, launching new products & services or entering new markets.
- Funding construction projects, property improvements, or facility upgrades.
- SBA/HEDCO loans are backed by the U.S. Small Business Administration and offer favorable terms with down payments as low as 10% for qualifying businesses.
Specialty Loans (Non-QM)
Specialty Loans (Non-QM) are loans that cater to specific needs or circumstances beyond traditional lending options. These loans are designed to address unique situations that may not fit within the criteria of conventional loans. Here are a few examples of specialty loans:
Key Benefits:
- Construction Loans
- Bridge Loans
- Reverse Mortgages
- Non-Qualified Mortgage (Non-QM)
- Physician Loans
- Agricultural Loans
Hard Money Loan
Hard Money Loan is a type of short-term financing typically used in real estate transactions. It is provided by private investors or companies, often referred to as hard money lenders, rather than traditional financial institutions like banks. Hard money loans are secured by the value of the property being purchased.
Key Benefits:
- Quick funding
- Flexible approval criteria
- Asset-based financing
- Flexible in loan terms
- No prepayment penalty
Land Loan
Land Loan including agriculture land loan is a type of loan specifically designed to finance the purchase of vacant land or undeveloped property. Unlike a mortgage loan used to purchase an existing home or property, a land loan focuses solely on the land itself.
Key Benefits:
- Land acquisition without requiring signature upfront capital.
- Land loans offer flexibility in terms of the type of land that can be financed. Whether it's residential land, commercial land, agricultural land, or recreational land, borrowers can find lenders willing to finance their specific land purchase.
- Land provides the opportunity for future development and potential appreciation in value.
Reverse Mortgage
Reverse Mortgage is a type of loan available to homeowners, typically elderly individuals, that allows them to convert a portion of their home equity into cash while retaining ownership of the property. Unlike traditional mortgages, where borrowers make monthly payments to the lender, a reverse mortgage provides funds to the homeowner. Although there are “no monthly mortgage payments”, the borrower will continue to be responsible for paying property taxes, homeowners insurance, property charges, and maintaining the home.
Key Benefits:
- A Reverse Mortgage offers an option to combat rising living costs and you could get money from your home without having to move.
- With a Reverse Mortgage you’ll have no monthly mortgage payment, and you’ll choose how to receive your funds.
Home Equity Line of Credit (HELOC)
HELOC is a type of revolving credit that allows homeowners to borrow against the equity in their home. It is a loan arrangement where the borrower has access to a predetermined credit limit and can withdraw funds as needed, similar to a credit card. The equity in a home is the difference between the home’s current market value and the outstanding mortgage balance.
Key Benefits:
- Access to funds when you need it.
- Generally offer lower interest rates compared to other forms of credit which result in cost savings over time, especially for larger borrowing amounts or long-term usage.
- Flexible repayment options provide flexibility in managing cash flow, as borrowers can choose to pay only the interest or make additional principal payments if they wish. Once the repayment period begins, borrowers can pay off the principal and interest over a fixed term.
- Versatility of use including home renovations, debt consolidation, education expenses, medical bills, or other financial needs.
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Our Process Made Easy and Simple
Prequalification/Preapproval
Provide basic financial information to see your qualification
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Apply Now
Complete application and provide detailed financial documentation
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Underwriting & Approval
Our underwriting team will review the application, verify financial information, creditworthiness, and property appraisal to determine loan approval based on their criteria and conditions.
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Closing
Welcome to your new home!
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