Domestic Loan Programs

Domestic Loans Available

Please contact us directly for rates and detailed information

Conventional loans:

  • Minimum Credit scores:  620;
  • Condo loans with 5% down
  • Second homes with 10% down
  • Investments 20%

FHA:

  • Regular FHA Credit scores:  minimum 620

SPECIAL FHA “Choice” program:  as low as 500 credit scores (contact for more info).

 FHA 203(k) – Renovation Loan

  • Full 203K: 3.5% down
  • Maximum loan amount – 110% of the after improved value (up to FHA limit)
  • Minimum loan amount $5000
  • Find more info here

Fannie-Mae HomePath Renovation

  • 5% down for owner-occupied buyers
  • 20% down for 2nd home buyers
  • 25% down for investors
  • Find more info here

Fannie Mae HomeStyle Renovation

  • 5% down for owner-occupied buyers
  • 10% down for 2nd home buyers
  • 20% down for investors
  • Find more info here

VA:

  • 100% financing Minimum Credit scores: 600

 

USDA:

  • 100% financing, Minimum Credit scores 640

 

JUMBO:

  • Down payment varies depending on the amount of the loan needed, but up to $1,500,000 we would require 20% down.

Contact Us

margus@jcpennyrealty.com

321-388-6856

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