Loan Programs

Reverse Loans

If you are 62 years of age or older you might want a Reverse Mortgage. You will never have any monthly payments and can have cash or a monthly income for as long as you live in your home, or pay off an existing loan. For more information, visit our Reverse Mortgage page.

Please click here to contact a reverse loan specialist in your area.

FHA

loans are great for buyers with 3% for down payment. Credit scores are not used by FHA, but credit for the last two years should be pretty good. The seller may assist with closing costs.

VA

loans will give the Veteran a 100% loan. The seller can even pay all closing costs.

Cal-Vet

loans have an interest rate below market, but the buyer has a 3% down payment.

Conventional

loans have the very best rates but usually require credit scores of 660 or better and stable employment. To get this loan without mortgage insurance, a borrower needs to put 20% down payment.

Jumbo

loans are conventional loans over $ 333,700.

Sub Prime

loans are for borrowers with marginal credit or marginal income or marginal property.

Construction

loans are for borrowers who want to build their own home. The loan may include purchasing the lot and construction costs.  Loans are typically for 1 year.

Farm

loans require a substantial down payment (on the order of 30%). The rates are great. Past farming experience does help. Seller carry back loans are often allowed to reduce the down payment.

Private

loans are fast. Private loans are for unusual buyer situations (credit is not that important).  Private loans are up to 70% loan to value with interest only payments. Seller carry back is usually permitted. 

Apartment & Commercial

loans are also available with fixed and adjustable rates and terms from 15 to 30 years. Seller financing is allowed on many programs. With our wide variety, we shop the market for the best rate on your loan.

Please click here to contact a loan specialist at Carrollton Mortgage.