Our Loan Programs

Federal Housing Administration (FHA)

Veterans Administration (VA)
Rural Housing (RHS)

Conventional

 
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FHA

A FHA loan is one of the most popular types of financing due to the low downpayment requirements and flexible qualifying guidelines.  This program is great for first time homebuyers and represents about 40% of all loans nationwide. It is sponsored by HUD and is designed to help a larger percentage of citizens to become homeowners. Also available under FHA is the popular 203K Renovation lending program. This allows a buyer to improve, repair or upgrade a home to meet their needs and add these costs to the mortgage.

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VA

The VA loan program is designed to help our military veterans and active duty members purchase a home with little to no expense.  These loans are typically 100% fixed rate financing and allow for generous debt to income ratios for qualified veterans.  This program is the most widely utilized in our local area due to our military population.

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RHS

This 100% financing program allows for downpayment assistance for qualified borrowers.  It is designated for specific geographic locations and has income limitations that allow low to moderate income families afford a home.  A great way to help a first time homebuyer!

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Conventional

These loans meet the needs of a high percentage of our local market because the guidelines encompass not only owner occupied properties, but second home and investment properties as well.  Fixed and adjustable rate programs are available and can also be offered for Jumbo loans and a construction to permanent loan for those that prefer to have their home built to suit their needs.

We offer several varieties of loan programs and the mortgage industry continues to meet new demands for home ownership opportunities on a regular basis. Please check with us for any of your mortgage needs, whether you are purchasing or refinancing or would like to refer us to a family member or friend.  Beach Community Mortgage is ready to serve!

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