Purchase & Refinance Options

Conventional Loan

A conventional home loan is a mortgage that is not insured by the federal government, so their terms are more flexible than USDA, FHA or VA loans. Offering low interest rates, they’re a great fit for customers with good credit and financial stability who can afford a down payment.

Without Federal Government-mandated procedures to deal with, Conventional loans are simple to apply and qualify for. With tons of options and customizable terms available, we can craft a conventional loan that perfectly aligns with your borrower's financial status and long-term goals.

USDA Loan

The United States Department of Agriculture developed this mortgage option to improve the economy and quality of life in rural America by encouraging the purchasing of rural land.

USDA loans are issued through the USDA Rural Development Guaranteed Housing Loan Program, and you might be surprised how feasible it is to qualify for one beyond what most would consider “farmland”.

For income-qualified borrowers, USDA’s provide competitive Fixed Interest Rates at Affordable 30-Year Terms A USDA loan is one of the only loan programs offered to the general public that allows you to finance 100% of your borrower's home value. That means no down payment of any kind!

FHA Loan

An FHA loan is a mortgage designed for low-to-moderate-income borrowers. Insured by the Federal Housing Administration, FHA loans require a lower minimum down payment and credit scores than many conventional loans.

Unlike other loan types, property buyers with credit scores as low as 550 can qualify for an FHA loan. Mandatory down-payments can be set as low as 3.5% of the home’s cost, minimizing the need for available cash up-front. In addition to lower down-payments and interest rates, FHA borrowers can take advantage of unique benefits like Down Payment Assistance programs, Down Payment Gifts, and Up to 6% Seller Assist.

VA Loan

Insured through the U.S. Department of Veterans Affairs, VA loans do not require the borrower to make any down payment or to get private mortgage insurance, amounting to substantial savings.

With lower rates and the far more lenient underwriting standards, if you are a current or former member of the U.S. armed forces, you are unlikely to get a better deal with any other kind of loan.

If you meet the basic service requirements specified by the U.S. Department of Veterans Affairs, you are eligible for a VA loan — whether you are on active duty, a veteran, a National Guard member, or a reservist. You may also be eligible if your spouse is in the military while on active duty or due to a disability connected to his or her service.

Purchase & Refinance Options

We offer customized solutions to meet your financial goals, whether you are buying your first home, looking for a new property or refinancing your current mortgage.

Jumbo Loan

A jumbo loan is a type of mortgage that is used to finance homes that are too expensive for a traditional conventional loan.

Homes that exceed the local conforming limit, which in most cases is $647,200, require a jumbo loan.

Renovation Loan

Whether you are eyeing (or already own) a house that needs minor repairs, a total makeover or anything in between, AnnieMac’s assortment of Renovation Loans are a great way to transform a house into your dream home.