The following is a list and a brief description of various loan programs. Bankers Mortgage Corp, may not offer all programs described due to current and changing market conditions. For more information on the programs that we currently offer, please
contact us.
- Foreign National
- Conventional
- VA Mortgages
- FHA Mortgage
- Investor Loans
- Jumbo Loans
- USDA Rural Housing
A non US Resident or Citizen can apply for a loan in the USA.
Conventional
Traditional loan programs that usually require 5% down and offer competitive interest rates. Full documentation and good credit are necessary.
Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.
Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3.5% down payment.
Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.
Used to finance 1-4 family properties that will be for investment purposes. Aggressively priced, these programs may not be available in some states.
Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full documentation.
Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.
No down payment required.
No maximum loan limit.
No limit on seller paid costs.
No monthly mortgage insurance.
Household income limits by geographic location apply.
Eligible property in many rural communities.
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