Discover Your Loan Options

Premise Mortgage, LLC conventional loans come in a variety of options and with excellent advantages for qualified borrowers. While FHA and other government loans can have certain property restrictions, a conventional loan can be used on nearly all property types

Benefits of conventional loans include:

• A range of down payment options
• Advantages for higher down payments
• Option to eliminate mortgage insurance with a 20% down payment
• Financing for properties commonly restricted by government loans

Interested in how a conventional loan could help you? Fill out the form below!

For more information about this loan program, please contact us. Eligibility, programs, rates, terms, and conditions are subject to change without notice. Credit and collateral are subject to approval

Federal Housing Administration (FHA) Loan

If you’d love to buy a home but lack credit, a down payment, or are unable to cover closing costs, an FHA loan may be the solution. FHA financing was developed to provide homebuyers with an alternative to conventional financing and include attractive and flexible guidelines.

Eligibility and benefits include:

• Low 3.5% down payment
• 100% gift funds – the entire 3.5% down payment can be a gift from parents, relatives or an employer
• FHA allows sellers to give up to 6% of the home’s purchase price to an FHA buyer to pay for closing costs and pre-paid costs.
• Flexible credit qualifying – because it is government-backed, it’s possible to qualify for an FHA loan with a lower credit score than on conventional loan programs
• Upfront mortgage insurance may be financed or paid in cash.
• May also be an option for borrowers with limited equity looking to refinance
• Ability to choose from a fixed-rate or adjustable rate.

Ready to see if you could benefit from a flexible mortgage option? Give me a call today!

For more information about this loan program, please contact your local Loan Officer. Eligibility, programs, rates, terms, and conditions are subject to change without notice. Credit and collateral are subject to approval.

If you’re active duty military, a veteran, or an eligible family member of a military veteran, you may qualify for a Veterans Affairs loan. The VA Mortgage is a government-based product offering 100% financing of the reasonable value of the property, with less restrictive qualifying terms than conventional programs*.

VA loan specifications:

• (1-4 units, primary residence only)
• 30-year Minimum FICO
• 580-620 minimum FICO
• 15-year Minimum FICO
• 640 minimum FICO
• Housing grants for service-related disabilities

VA Purchase loan benefits:

• If qualified, 100% financing without requiring mortgage insurance. This could mean hundreds of dollars of savings each year.
• No mortgage insurance.
• Some states even offer property tax reductions to military borrowers.

*excludes other VA-permissible itemized charges. VA loans require a VA Funding Fee that may be financed into the loan or paid out of pocket at closing.** In addition to the eligibility criteria outlined in the presentation all eligible Veterans and Reservists must meet all VA income, asset, and property requirements. For loan amounts exceeding $510,400, the amount of the VA entitlement or the entitlement plus the down payment must equal 25% of the property’s reasonable value.***Please consult a tax professional.

VA loans help military families make homeownership a reality. Contact me today to learn more about VA homeownership benefits.

For more information about this loan program, please contact us. Eligibility, programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval.

USDA loans offer qualifying low- to moderate-income borrowers the option of no down payment when they buy in a designated rural area. This loan also offers flexible guidelines to eligible applicants.

Benefits of the USDA loan program:

• May help low- to moderate-income borrowers qualify
• No down payment for eligible applicants in designated rural areas
• Allows seller contribution to closing costs

Interested? Find out more by filling out the short contact form below.

For more information about this loan program, please contact us. Eligibility, programs, rates, terms, and conditions are subject to change without notice. Credit and collateral are subject to approval.

If you’re a homebuyer with a good credit history and a stable job, but don't have a lot saved for a down payment, the Fannie Mae HomeReady® mortgage may be for you. HomeReady is a fixed-rate affordable housing program for low- to moderate income borrowers with as low as a 3% down payment or up to 97% financing.

HomeReady benefits:

• No need to meet an income level to qualify if you live where the median tract income is no greater than 80% Area Median Income (AMI).
• Must make 100% of AMI for properties in high minority census tracts and designated disaster areas to qualify.
• Must make at least 80% of AMI for all other properties to qualify.
• Mortgage insurance coverage lower than the standard requirement for LTV ≥ 90.01% to 95% on terms greater than 20 years.
• Gifts, grants, Community Seconds and cash-on-hand are permitted as a source of funds for down payment and closing costs.

Ready to learn if this is the right program for you? Fill out the form below!

For more information about this loan program, please contact us. Eligibility, programs, rates, terms, and conditions are subject to change without notice. Credit and collateral are subject to approval

For those looking to build a new home or looking at model homes from a builder, this is the loan for you. 

Who can benefit?

• Homebuyers who want to build a new home
• Homebuyers ready to select a new construction model home from a development
• Real estate agents who need a lender that knows what they’re doing
• Builders and site agents who need a new construction home purchase closed on time

New Construction loans we offer:

Construction to Permanent

Conventional Purchase

Federal Housing Administration (FHA)

Fannie Mae HomeReady Mortgage

Freddie Mac Home Possible Advantage

Jumbo loans

VA loans

Condo loans

*Manufactured houses are not eligible for new construction at this point

Ready to see how we can help you get into the new home of your dreams? Fill out the form below!

For more information about this loan program, please contact us. Eligibility, programs, rates, terms, and conditions are subject to change without notice. Credit and collateral are subject to approval.

You’re ready to buy a home but live in one of the nation’s priciest housing markets. Inventory is low. Demand is high. And homes routinely cost more than $1 million.

Premise Mortgage, LLC can help.

Jumbo mortgage might be the loan for you. A type of non-conforming loan, jumbos in most housing markets can buy you a home worth more than $726,200 — the limit for “conforming loans” supported by mortgage giants Fannie Mae and Freddie Mac. Non-conforming loans are any that exceed that funding limit. In some high-priced markets, the minimum financing threshold starts at $1,089,300.

Premise Mortgage has lenders ready and willing to fund these loans.

Let us know how we can help you with your home purchase in a high-priced area.

For more information about this loan program, please contact us. Eligibility, programs, rates, terms, and conditions are subject to change without notice. Credit and collateral are subject to approval.

If you want to buy in an area considered high-cost, or where properties typically exceed loan limits set annually by the Federal Housing Finance Agency, a high-balance mortgage loan may be your solution. Premise Mortgage, LLC offers high-balance loans from both conventional and government home loan programs.

• High-balance financing for high-cost areas
• Competitive interest rates
• Loan amounts exceeding $726,200 and up to $1,089,300 for 1-unit properties in designated high-cost areas.
• Primary residence, second/vacation home, and investment property options
• Condo financing available

Interested? Find out more by filling out the short contact form below.

For more information about this loan program, please contact us. Eligibility, programs, rates, terms, and conditions are subject to change without notice. Credit and collateral are subject to approval.

See if you can save money through a home refinance.

Save money for years to come. Reduce your payments. Pay off your mortgage faster. Get cash out of your home ― today.

Improve your financial situation with a home refinance.

If you have built-up equity in your home, here are a few ways a refinance could save you money or help you fund certain large expenses:

• Consolidate a home equity line of credit
• Eliminate private mortgage insurance
• Lower your monthly mortgage payments*
• Refinance your current loan into an adjustable rate or fixed rate to improve cash flow

*By refinancing your existing loan, the total finance charges may be higher over the life of the loan.

Ready to see how a refinance could be a game changer for your financial situation? Fill out the contact form below.

Have you been dreaming of upgrades to your home? Make those dreams come true with a renovation refinance.

Maybe you need more room for a new baby, your recent college graduate is returning home, or your aging parent needs support. Or, maybe you’d like a more modern place, compatible with home automation and other trends that increase home value. These dreams can happen with the financing help of a renovation refi.

With a renovation refinance, you could achieve:

• Kitchen makeover
• Master bedroom suite upgrades
• Additional bedrooms or bathrooms
• Lower-level or third level remodel to create space
• Home automation
• Increased energy efficiency
• Plus, a renovation refi could earn these benefits:
• Increased property value
• Increased equity
• Potentially higher selling price

If this is the type of home change you’ve been looking for, let’s talk about guiding you through the renovation refinance process.

For more information about this loan program, please contact us. Eligibility, programs, rates, terms, and conditions are subject to change without notice. Credit and collateral are subject to approval.