Home Loan Zone offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
Conventional
VA
USDA
FHA
Jumbo
HARP
Flex Loan

Conventional

 

The Conventional Loan is the most traditional loan out there. It requires a 5% to 20% down payment and allows you to borrow up to $417,000, both Fixed rate and Adjustable rate terms are available.

 Reasons to choose a Conventional loan

  • You have good to excellent credit and have at least a 5.00% down payment
  • You have the option to not pay monthly mortgage insurance with less then 20% down payment
  • You need financing on a primary residence, second home, or investment property
  • You’re looking to purchase, refinance or take cash out


VA

 

VA loans are government-backed financing for those veterans who have served our country, including active reserve members.  They allow you to borrow up to 100% financing on loan amount up to $417,000.

Reasons to choose a VA Loan

  • You are a Veteran or are currently an active reserve member
  • You're looking to purchase, refinance or take cash out
  • You don't want to put any money down
  • If you are already in a VA loan and looking to refinance, check out VA Streamline mortgage program


USDA

 

 

Rural Development Loans (also referred to as USDA Home Loans) are one of the last true 100% financing, no money down loans. It’s that straight forward. Backed by the federal government, a USDA Rural Development Loan lets you finance 100% of your home’s value, roll any closing costs into the loan, all while benefiting from an insured government loan with a low fixed rate.

Reasons to choose a USDA loan

  • No down payment
  • Property is considered rural you can check the property address on the USDA website

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do



FHA

 

FHA loans are Government-sponsored mortgage loan program that allow you to borrower up to the county loan limit while having a minimum down payment requirement of 3.5%.

Reason’s to choose an FHA loan

  • You're a first-time home buyer
  • You don't want to put a lot of money down
  • You're looking to purchase, refinance, or take cash out
  • You would like to finance your primary residence
  • You can obtain a lower interest rate
  • Easier qualifying guidelines


Jumbo

 

The Jumbo Loan require an above average credit score. Typically people with a Jumbo Loan have a relatively large down payment of 20% when buying a bigger home - up to $2.5 million.

Reason's to choose a Jumbo Loan

  • You want to borrow more than the county loan limit of where the property is located 
  • You can afford a down payment of 20%


HARP

 

The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify. Later that same year, the program was expanded to include those with an LTV up to 125%.

Reasons to choose a HARP Loan

  • Your current mortgage must have been acquired by Freddie Mac or Fannie Mae on or before May 31, 2009.
  • You must benefit from the loan by either lower monthly payments or movement to a more stable product (such as going from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage).


Flex Loan

 

Flex Term program gives us the ability to customize the perfect loan for our customers while avoiding resetting the mortgage clock. We want to help borrowers obtain loans that are ideal for their personal scenario. Flex Term gives our clients the option to choose their desired amortization term.

Reason's to choose a Flex term loan

  • Customizable mortgage option that allows you to select the loan term of your choice.
  • An opportunity to refinance without resetting the mortgage clock.
  • Eight to thirty year amortization terms made available on all fixed-rate conventional loan products.



Mortgage rates are subject to change until locked in.