Mortgage Loan Programs

Mortgage Loan Programs

First Option Mortgage is more than happy to provide our customers with various home loan services and home loan programs.

We offer many home loan options including the conventional home loan, FHA home loan, VA home loan and the USDA home loan. We also provide a Credit Lines service to those in need.

No matter what type of mortgage loan programs you are looking for, our mortgage professionals at First Option Mortgage can give you the most accurate information and professional help. Take a look at our home loan information below.

Conventional Mortgage Loan Programs

• Refinance up to 105% of appraised value with the new Fannie Mae DU Plus Program
• $417,000 home loan limit
• Secured by government sponsored entities
• Purchase or refinance 1 to 4 family units

FHA Mortgage Loan Programs

• Insured by the Federal Housing Administration
• Low down payment on a new purchase 3.5 %
• Refinance up to 95% of your appraised value
• $100 down HUD home purchase program
• Streamline with no appraisal if you have an existing FHA home loan

VA Mortgage Loan Programs

• ZERO down payment purchase program
• Forgiving credit requirements
• Administered by the Department of Veterans Affairs

USDA Mortgage Loan Programs

• 100% Financing up to the appraised value
• NO private home loan insurance
• NO limit on seller concessions and gifts
• Flexible credit qualifications
• No home loan amount limitations
• Purchase Money Program

Credit Lines

• Learn the true cost of having a low credit score
• Expert advice on resolving outstanding credit issues
• No monthly fee

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