Loan Options

 

Differentiating Loan Options

Are you trying to find a lower interest rate? Or are you looking to have a smaller down payment? Have you served in the military? If you find yourself asking these questions, you’re probably searching for a Conventional, FHA, or VA loan. Our team at Loanbox Mortgage can advise you about the best option and help get you started today.

Mortgage
Options
Easy
Qualification
Loan
Flexibility
Rate
Security
Lower Equity /
Money Down
REFINANCE LEARN MORE
PURCHASE LOAN LEARN MORE
FHA LOAN LEARN MORE
BUSINESS PURPOSE LOAN LEARN MORE
JUMBO LOANS LEARN MORE
VA LOANS LEARN MORE
NON PRIME LOAN LEARN MORE
REVERSE
MORTGAGE
LEARN MORE
USDA LOAN LEARN MORE

REFINANCE:

See if there is a lower interest rate available, get cash out or convert from an Adjustable to a Fixed rate.

PURCHASE LOANS:

It’s exciting buying a property, and we are excited to help you with the financing. With as little as 1% down, home ownership could be within your reach.

FHA LOAN:

FHA loans are guaranteed by the Federal Housing Administration (FHA) to help buyers who might have a hard time getting approved with conventional lenders. A small down payment, as low as 3.5%, makes it possible to buy a new home even with limited funds.

BUSINESS PURPOSE LOAN:

An asset-based mortgage secured against commercial or residential real estate. Interest rates are usually higher than conventional and non-prime loans due to the higher risk and shorter duration of the loan.

JUMBO LOANS:

Jumbo loans were established to finance luxury properties and homes in highly competitive local real estate markets. They come with with unique underwriting requirements and tax implications.

VA LOANS:

VA loans are backed by the US Department of Veterans Affairs and was designed to provide housing and assistance for veterans and their families. This program is a great way for veterans to save on mortgage loan and take advantage of having no down payments.

REVERSE MORTGAGE:

Reverse mortgages are great for homeowners who are in retirement age and who want to help supplement their retirement income or take cash out for whatever need.

NON PRIME LOAN:

If you have bruised credit, or need an alternative way to document your income. Interest rates and fees are typically a higher than Fannie Mae-type loans.

USDA LOAN:

In order to be eligible for many USDA loans, household income must meet certain guidelines. Also, the home to be purchased must be located in an eligible rural area as defined by USDA.

REFINANCE

See if there is a lower interest rate available, get cash out or convert from an Adjustable to a Fixed rate.

PURCHASE LOAN

It’s exciting buying a property, and we are excited to help you with the financing. With as little as 1% down, home ownership could be within your reach.

FHA LOAN

FHA loans were established by the Federal Housing Administration (FHA), part of the US Department of Housing and Urban Development (HUD), to help families with financial limitations become homeowners. The lower down payment makes it possible to buy a new home even with limited funds.

Easy Qualification
Loan Flexibility
Rate Security
Lower Equity / Money Down

BUSINESS PURPOSE LOAN

An asset-based mortgage secured against commercial or residential real estate. Interest rates are usually higher than conventional and non-prime loans due to the higher risk and shorter duration of the loan.

JUMBO LOANS

Jumbo loans were established for larger purchases. They come with specific limits and guidelines for luxury homes purchases.

Easy Qualification
Loan Flexibility
Rate Security
Lower Equity / Money Down

VA LOANS

VA loans are backed by the US Department of Veterans Affairs and offer veteran buyers home loan options with no down payments. This program is a great way to save on a mortgage loan as a veteran.

Easy Qualification
Loan Flexibility
Rate Security
Lower Equity / Money Down

REVERSE MORTGAGE

Reverse mortgages are great for homeowners 62 and older who want to help supplement their income or take cash out for whatever need.

Easy Qualification
Loan Flexibility
Rate Security
Lower Equity / Money Down

NON PRIME LOAN

If you have bruised credit, or need an alternative way to document your income. Interest rates and fees are typically a higher than Fannie Mae-type loans.

USDA LOAN

In order to be eligible for many USDA loans, household income must meet certain guidelines. Also, the home to be purchased must be located in an eligible rural area as defined by USDA.