Purchase

Buy Before You Sell

• Submit an offer without a contingency to close on your existing home first.
• Pairs well with a Bridge Loan to use the equity in your existing home as a down payment.
• Must have good credit and a minimum of 20% equity in the existing home.
• Available on the financing of primary residences only.

Bridge Loans

• “Bridges the gap” between the purchase of a new primary residence and the sale of your existing one.
• Finance your down payment using the equity in your existing home.
• No upfront fees. Minimum payments are due monthly and are interest-only to free up extra cashflow until the home sells.

0% Down Program

• Finance up to 100% of the lesser of the purchase price or appraised value for a primary residence.
• Seller contributions (up to 3% of the purchase price) can be used towards the loan costs, prepaids, and prorations.
• Mortgage insurance premiums are reduced.
• Must have good credit (700+), no income limitations apply.

Rural Development

• Allows lower income families in rural areas the ability to purchase their primary residence with minimal cash out of pocket.
• A greater contribution from the seller is permitted to help cover expenses related to loan costs, prepaids, and prorations.
• Attractive pricing and low mortgage insurance premiums even for those with less than perfect credit.

Vacant Land Loan

• Financing available for hunting property or a site for future home.
• No limitation on the number of acres.
• Finance up to 80% of the lessor of the purchase price or appraised value.