Loan Programs

At Best Interest Mortgage, we offer many great loan programs & options to fit your specific financial needs. We understand each borrower's financial situation & preference is different. Below are the highlights of some of the loan programs we offer. Expand each option to review the details. To best determine the loan program & process that fits your purchase & refinance needs, contact us today! 

Conventional & Conforming Loans

Conventional, or conforming loans, are the loan of choice for about 60% of all mortgage applicants. They typically consist of great rates and lower costs. Below are some highlights of this loan program: - Used on primary, secondary & rental properties - Down payments as low as 3% - Down payments of at least 20% include no PMI (private mortgage insurance) Contact us today to determine which loan program you qualify for! We'll work to get you the best loan option possible.

Jumbo Loans

Jumbo loans are necessary for those buyers & refinances where the loan amount exceeds $424,100. Most jumbo loans today require full documentation: income, assets, etc. Jumbo loan requirements will depend on the borrower & situation. Best Interest Mortgage is happy to guide you in moving forward with your jumbo loan! Contact us today for more information!

Investor Loans

Used to finance 1-4 family properties that will be for investment with as little as a 20% down payment. These programs are aggressively priced. Program may not be available in some states.

USDA / Rural Housing

The USDA loan program allows borrowers purchasing a primary residence to obtain 100% financing, including closings costs. Financing up to 102% is available, which includes 2% USDA funding fee, no monthly mortgage insurance, 30 year fixed rates, & no down payment required. Sound too good to be true?! It's not, so contact us today for a free consultation on your mortgage options.

VA Loans

With VA loan programs, the VA helps service members, veterans & eligible spouses become homeowners by offering: - Competitive interest rates - No or low down payment options - No mortgage insurance - No prepayment penalties Best Interest Mortgage supports the military & their families. We'll be more than happy to assist you with your mortgage needs. Contact us today!

FHA Mortgages

With down payment requirements as low as 3.5%, FHA loans can be popular with borrowers. An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with an FHA loan pay for mortgage insurance, which protects the lender from loss if the borrower defaults on the loan. This mortgage insurance premium is 1.75% of the loan amount & can be rolled into the loan. FHA loans are great options for those borrowers who: - Require lower down payments - Lower credit score than conventional loans require - First time home buyer - Higher debt-to-income ratios Contact us today to determine if you qualify for an FHA loan (purchase or refinance)!