Mortgage Loans

Mortgage Loans in (VT) Vermont

Mortgage loan programs

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.

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Mortgage Loan Home Sold

Refinance Loans

Do you want a better rate or a shorter term or have a desire to “cash out”, we can help you. Getting divorced and need to remove a co borrower? A refinance could help you achieve this goal.

FHA Loan

We have been licensed through the US Department of Housing and Urban Development since 2009 and have helped our borrowers to explore any and all types of FHA products.

Conventional/Conforming Loan

This is your standard loan. When you have at least 3% to put down on the home and everything else falls into place (income, debt, credit score, etc) this is what you would apply for.

USDA Loan (Rural Housing "Zero Down")

These loans are done through our relationship with our lender and the United States Department of Agriculture Rural Development. USDA Rural Development loans are one of the few loan products out there that qualify for “zero” money down.

VA Loan

A few words about VA loans. One, we love working for our Veterans. Two, this is, hands down, the best mortgage loan product available if you do not have your full 20% down when you go to buy your first home or 4th home. 100% financing with no PMI?  Give us a call. We have done plenty of these loans through the VA since we began in 2008.

Jumbo Loans

We have these loans but will do anything in our power to keep you in a loan that qualifies as a conforming based loan amount (i.e. $417,000 and below).

203k Loan (FHA Rehab)

FHA’s Limited 203(k) program permits home buyers and homeowners to finance up to $35,000 into their mortgage to repair and/or improve their home.

Investment Property Loans

Otherwise known as a property you intend to purchase for the purpose of renting out to a tenant with no intent to reside in. These properties can be anything from a condo, or a townhouse, up to a 4 unit apartment building.

Second Homes/Vacation Homes Loan

Second homes/Vacation homes are always very exciting loans to work on for us. Seeing borrowers that we have often worked with over the years getting ready to purchase the get away home they have always wanted is fun to do.

High Debt Ratio Loans

When it comes to borrowers that have a high debt ratio (monthly income vs. monthly debt), our best option is to provide the borrower with an FHA loan. There are limitations to every loan but we have the ability, provided we have a credit score over 660, to get an approved loan up to a 56.99% back end debt ratio.

Reverse Mortgages

Home Equity Conversion Mortgages for Seniors! Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income.

Foreign National Loans

We have programs available for Foreign Nationals, Permanent Resident Aliens, and Non-permanent Resident Aliens.

HARP 2.0 Loans

This program is still available but we do not see many of them here in Vermont. We were pretty well insulated from the enormous run off in property values during the Subprime crisis of 2007-2010.

First-time Homebuyers Loan

We choose to focus our efforts and expertise on helping first time home buyers achieve their dream of home ownership.

Asset-based Loan

Borrowers can use liquid and non-liquid assets to qualify for multiple loans types. We can work with you to determine the best option for your needs.

Unlimited Financed Properties Loan

This loan product will be of interest if you are a real estate investor with with more than 10 financed properties.