Scroll down and learn more about the various loan programs we offer. If the world of finance is Greek to you, click the button below to contact us today and talk to one of our mortgage specialists. We are always happy to help, so reach out anytime.
Visit cfcmortgageloan.com to learn all about our purchasing programs.
Visit cfcrefinance.com to learn all about our refi programs.
SINGLE FAMILY (1-4 UNITS)
The advantage of a fixed year mortgage is your payment will never increase through the life of the loan.
ARMS initially have lower interest rates than traditional fixed rate mortgages, however the interest rate can fluctuate after the initial term period.
An alternative to a FHA loan, this Freddie Mac program is often a good fit for younger borrowers and low to moderate income first time home buyers.
A program that is more flexible when it comes to contributions from other people, HomeReady loans lower the typical down payment and mortgage insurance requirements.
A government-backed loan which lets qualified borrowers add extra remodeling money to an initial home purchase mortgage or a mortgage refinancing.
Offering a low 3% down payment, this mortgage option is one which is advantageous to many first time home buyers and no cash-out refinance borrowers.
A FHA loan is great for first time home buyers a government guaranteed by the Federal Housing Administration.
The low down payment offered by FHA loans makes getting pre-approved easier for many low to moderate income families.
The FHA loan programs allow someone who wouldn't be living at your residence to cosign on your mortgage.
A program set up by the FHA to make the refinancing process much more quick by reusing the original loan's paperwork.
A loan taken out on already owned property which is above and beyond the cost of transaction, payoff of existing liens and other related expenses.
A loan designed to pay not just the purchase price of a home, but the repair costs as well. This leaves buyers with homes in much better condition than how they found them.
Established in 1944, VA loans are issued by private lenders and guaranteed by the U.S. Department of Veterans Affairs.
With VA loans, borrowers qualify for up to 100% financing, meaning no money down upon purchase.
The Interest Rate Reduction Refinance Loan (IRRRL) allows one to refinance their current mortgage to a lower rate and monthly payment.
Borrowers are not required to purchase mortgage insurance with a VA loan.
USDA loans are special mortgages meant for low to moderate income home buyers. Guaranteed by the US Department of Agriculture as a form of insurance so they're able to offer below market interest rates and zero down home loans.
Up to 100% financing with reduced mortgage insurance payments helps borrowers buy homes they never thought possible.
Please note that Non-Qualifying Mortgage Loans aren't being accepted by lenders as freely due to the current pandemic. Please reach out and let us know your situation so we can best advise your next course of action.
A loan is considered Jumbo if the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac — currently $510,400 for a single-family home in all states.
Our Jumbo programs start at a 580 FICO. We offer a variety of Jumbo Alternatives as well.
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