Services

services

Whether you are buying a home, refinancing, investing in real estate properties we can help you!

Purchase

Whether you are a first-time buyer, renter or are purchasing a new o second home, we have loan programs to meet your individual financing needs. We can help you realize your home-ownership dreams by offering you all the best advantages.

Refinancing

Refinancing is a powerful method to take control of your financial life. A refinance home loan may allow you to lower your monthly payment or reduce the amount of time required to pay off your actual mortgage or both.

Conventional & Government Loans

1. Conventional/Conforming:

Loan Amounts up to $453,100 with as little as 3% down. To save you time and money, we sell our loans directly to Fannie Mae and Freddie Mac. This means that the middle man is eliminated. As a direct lender, we can provide you with a great interest rate.

2. Jumbo (Non-Conforming):

Financing for large loans is still available. Jumbo loans have loan amounts above $453,100 (the conforming limit set by Fannie Mae). Some programs allow as little as 10% down with credit scores of 680 and greater.

3. FHA (Federal Housing Administration):

FHA loans offer as little as 3.5%* down. The standard FHA program offered is credit scores greater than 640. The FHA program allowed for gifts to be used for down payment and closing cost as well as other relaxed requirements.

4. VA (Veterans Administration):

Service First Mortgage has always made our veterans a priority. We know our veterans deserve the best, so we give them the best. VA loans are available to eligible veterans to be used to buy a home or refinance a home loan.

5. USDA:

USDA sponsors a loan program for properties located in designated Rural areas for borrowers with low to moderate income levels. USDA sets specific guidelines for this program that center around credit requirements, down payment, property location, and income limits. This program is available for borrowers with credit scores as low as 640 with no down payment required.

Down Payment Assistance Programs

Down Payment Assistance Programs are provided to the mortgage-ready borrower through grants and deferred seconds funded by states and local governments through the Home Investment Partnerships Program administered by HUD and designed exclusively to create affordable housing for low-income households. Grants are funds that do not have to be paid back, but often have to be paid back if the borrower sells his or home within a certain period of time. Deferred Seconds, many down payment assistance programs come in the form of a second mortgage that has a low interest rate and/or deferred payments.

1% Down payment conventional share equity boost. You put 1%, lender provides you with 2%, giving your 3% equity at closing. This program is also available without Private mortgage insurance.

We are here for you, every step of the way!