The following is a partial list of programs offered by Mansfield Mortgage Professionals with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 802-879-4200.
Is a HUD insured loan. It requires a 3.5% down payment. Also allows for a family member to gift the entire down payment. Credit scores as low as 580 are accepted. (seller can contribute up to 6% towards closing costs)
Traditional loan programs that usually require 5% down and offer competitive interest rates. Fair-to-good credit are necessary. (seller can contribute up to 6% towards closing costs)
0% down payment required and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs).
Backed by the Veterans Administration and the federal government, similar to FHA except VA loans allows for $0 down payment and $0 in monthly PMI. To be considered for a VA loan you must be a qualified Veteran or active military. (seller can contribute up to 6% towards closing costs)
This construction loan is a one time close loan designed for stick built homes, as well as manufactured homes on owned land.
Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited 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.
This loan is designed for the fixer upper in mind. It allows you to not only borrow funds to purchase the home, but also additional funds to rehab and improve the dwelling. It is one loan, not two and requires a Licensed General Contractor to quote costs as well as finish the project.
Used to finance 1-4 family properties that will be for investment with as little as a 15% down payment for single family. Aggressively priced, these programs have many variations. From 1-4 family homes to Condos.
A ratio of monthly bills to monthly income higher than 50% is considered a high debt ratio. Loan programs are available for borrowers in this situation, allowing them to finance the purchase of a home or property.
Troubled credit? Bankruptcy? Been turned down somewhere else? We offer loan programs for customers with credit problems.