Residential Loans
LOTS OF LOAN PROGRAMS
Mountain Financial Mortgage Group offers a full menu of residential loan programs for our customers to choose from.
Conventional Home Loans
Purchase and refinance
Fixed rate with flexible loan terms
Adjustable rate mortgages (ARM)
Interest-only payments available
Owner occupied, second home, and investor loans
Low down payment loan options
First-time homebuyer programs
FHA - Federal Housing Administration
Purchase or refinance primary residence
Minimum down payment of 3.5%
Flexible credit standards
Debt-to-income to 55%
Down payment gift okay
Non-occupying co-borrower okay
No credit score with alternative credit program
VA - Veterans Administration
100% financing for eligible Veterans
Purchase or refinance of primary residence
Flexible credit standards
Cash-out refinance up to 100% of value
Non-traditional credit is okay
USDA - Rural Home Loans
100% financing with no mortgage insurance
Flexible credit standards
No cash reserves required
Income restrictions apply
97% of United States map qualifies for USDA loan
Self Employed Borrowers
Purchase or refinance
1099 income option
No tax return option available
Flexible credit standards
Cash-out refinance
2 year employment history required
Bank Statement Loans
Available for self employed
Qualify based on bank deposits
No tax returns needed
Purchase or refinance
Flexible credit standards
Primary residence, 2nd home, or investment property
Investment Property Financing
Qualify based on cash flow of subject property
Bank statement program available
Purchase and refinance
Cash-out refinance available
No limit on number of financed properties
Renovation Loans
Purchase or refinance
One-time close, no separate construction loan needed
Construction phase up to 6 months
Roll payments during construction into loan
Down-payment as low as 3.5%
Appraisal based on finished value
Flexible credit guidelines
Primary residence, second home, or investment
Reverse Mortgages
Use for purchase or refinance of primary residence
No monthly payments
No credit or income needed to qualify
Must be 62 years or older
Borrower stays on title of property
Single family 1-4 unit, townhome, or condo
Jumbo Loans
Purchase or refinance
High loan-to-value
Cash-out refinance
Flexible credit guidelines
Primary residence, second home, or investment
Single family 1-4 unit, townhouse, or condo
Portfolio Lending
Relaxed underwriting guidelines
Can qualify based on bank statement deposits
Purchase, refinance, and cash-out refinance
Available for all types of credit