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This is the regular Fannie Mae or Freddie Mac loan.
Maximum Loan Amount: $726,200 (with some exceptions)
Terms: The most common is 30 year fixed, followed by 15 year fixed, but almost any term is possible now.

Down-payment choices start at 3%, then 5%, then 10% with some benefits as down payment increases to each level. At 20% down, you can eliminate the PMI – Private Mortgage Insurance.

This is a loan benefitting qualified Veterans, including spouses of deceased veterans, and is a 100% loan. There is no limit to the Sales Price and Loan Amount on a VA loan, and you can still do 100%. The VA Funding Fee (Mortgage insurance) is required and consists only of an up-front premium added to the loan and this premium varies based on number of previous uses and if the Veteran has a service-connected disability, in which case there is no Funding Fee.

A Reverse Mortgage allows borrowers age 62 and older to use the equity in your home to enhance your retirement years. The proceeds are generally available either in a lump sum, a line of credit or monthly payments. There are some credit and income requirements to ensure the taxes and insurance will be paid on the property. Typically, a reverse mortgage is a refinance, although a Reverse for Purchase program allows you to buy a home on a Reverse Mortgage. Click here for more information on Reverse Mortgages.

Condominium financing has become more restrictive over time but we still specialize in financing them on Conventional, FHA and VA loan programs. They typically involve a little more paperwork, such as Condo Questionnaires as well as a budget and other condo documents. Most of the condo complexes on St. Simons, for instance, are eligible for normal financing.