mortgage loan types

At iServe, we appreciate that every client has unique financing needs. Our wide portfolio of loan solutions and different mortgage loan types have been developed to meet a large range or buyer requirements. And of course, our highly-trained staff is available to make the selection process as efficient as possible. We understand that with options can come confusion, so our goal is to provide maximum clarity and benefit, regardless of mortgage type.

You don’t have to be a first-time home buyer to take advantage of a USDA home loan. Credit and income requirements are flexible, making this program extremely popular for anyone looking to purchase a home.

USDA loan benefits include: 100% financing, flexible income requirements, flexible credit requirements, and no asset requirement

The Veterans Administration home loan is the preferred loan for active, non-active, Reserve, National Guard, and retired military of the Army, Navy, Air Force, Marines and Coast Guard because no down payment is needed and

The FHA’s mission encourages home ownership and provides affordable housing opportunities with low down payment and flexible credit requirements.

A conventional loan is generally referring to a conforming mortgage that is eligible for purchase by Fannie Mae (FNMA)  Fannie Mae is a Government Sponsored Enterprises (GSEs).