Get The Right Loan For Your Home!
Over the past 25 years, our company has established a stellar reputation for providing thousands of borrowers with financing for the purchase or refinancing of their primary residences, vacation homes and investment property. Our goal is to build long lasting relationships that extend beyond the loan closing. We are proud to continue providing flexible loan options and personal service to you, our neighbors and friends.
We have many mortgage products ranging from the standard Conventional, FHA, and VA loans, fixed and adjustable rate products as well as 100% financing with no mortgage insurance.
Whether you are purchasing your first home, upgrading to a new home, or refinancing your existing home, you can be sure that the entire 1st Mortgage Services team will provide you with quality service, expert advice, complete and accurate information, and a genuine concern for you.
1st Mortgage Services offers a wide variety of loan programs to suit the needs of our clients
By definition, a conventional loan is any mortgage not guaranteed or insured by the federal government. A conventional loan is generally referring to a mortgage loan that follows the guidelines of government sponsored enterprises like Fannie Mae or Freddie Mac.
- The interest rate will be adjusted based on credit scores and the down payment.
- Loan terms can range from 10, 15, 20, 25, 30 & 40 year terms.
- Minimum down payment requirement is 5%.
- Borrowers will pay mortgage insurance until the loan balance is at 80%.
The Housing of Urban Development was charged with helping to increase home ownership many years ago. As a result, they have established the FHA loan program.
FHA is a government subsidized loan with low down payment requirements of 3.5%. FHA financing will allow less than perfect credit.
FHA 203K loan program allows the borrower to add funds to their mortgage for repairs and improvement up to $35,000.
This type of government loan is available to veterans who have served in the US Armed Services. (Active duty and Guard and Reserve members)
- There is no down payment requirement.
- No mortgage insurance.
Borrower may pay the VA a funding fee based on service and previous use of their eligibility.
USDA Rural Loans
The goal of USDA Rural Development’s Single Family Housing Guaranteed loan program is to assist low to moderate income rural home buyers achieve their dream of home ownership.
- No down payment required.
- Income limits apply based on family size