Products

Loan Options

Whether you’re buying your first home or you’re an experienced buyer, or you want to refinance your existing home, Guaranteed Rate offers multiple mortgage options.
You’re assured of finding the loan that best fits your budget and your needs.

Conventional Loans
Traditional loan programs that usually require at least 5% down and offer competitive interest rates. Documentation and fair to good credit are necessary. These are loans up to $417,000.00.

FHA Loans
Backed by the Department of Housing and Urban Development, this mortgage offers the you the ability to put as little a 3.5% down payment. You can even finance “allowable” closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.

203K FHA Loans
Offering the same benefits as FHA loans (above) but with the added ability to finance home improvements that are needed. One mortgage is given based on the value plus improvements up to 115% of the future value. These improvements must be over $5000 and can be for a new kitchen, new bathroom, to add a garage or to structurally improve the property.

VA Loans
Backed by the Veterans Administration and the federal government, VA loans are similar to FHA loans except that you have to be a qualified Veteran or military personnel.

Jumbo Loans
For loan amounts over $417,000.00, these loans offer 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation. Cash out and No cash out refinance are allowable. Single family detached, condos, PUD’s and single-family second homes can be financed with no prepayment penalty.

No Down Payment
0% Down payment required and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs).

USDA Rural Housing Loans
Homebuyers living in rural areas and who have little to no money to put down may be eligible for these loans that offer flexible underwriting guidelines, relaxed credit requirements, no PMI (private mortgage insurance) options, the ability to finance closing costs into the loan amount, lenient seller concessions and rates that are comparable to, if not better than, conventional fixed rate mortgage programs.

Reverse Mortgages
A reverse mortgage is a special type of loan made to older homeowners to enable them to convert the equity in their home to cash to finance living expenses, home improvements, in home health care, or other needs.

Ready to buy your first home? Want to move to a larger home, a newer neighborhood, or across the country?

Whatever your plans may be, Home Savings of America’s Community Bankers can help make the experience simpler and easier for you. We are a direct lender of a variety of home loans; additionally, we have access to a variety of lenders and a multitude of programs including first and second mortgage or home equity loans, construction, or investment properties. Here you’ll find:

  • Competitive low rates — to help you increase your purchase power.
  • Government loan programs — including FHA , VA and USDA loans
  • Expanded loan programs – low down payment options, first time homebuyers programs and more

With Home Savings, you’re assured of home financing that fits your budget AND your needs. Plus we’ll give you confidence in your homebuying ability with our personal, friendly service that always puts your needs first.

Ready to get started? Learn more about the broad range of loan options available to you; then get a rate quote.

 

Does it make sense for you to refinance now?

Trying to weigh the monthly savings you’ll enjoy from refinancing, versus the upfront costs you may have to absorb? Let us help you determine the right loan for you – and decide if the time is right.

Act now, and your appraisal fee (a $300 to $600 value) will be refunded at closing, reducing your upfront costs!

At Home Savings of America, we’re dedicated to helping you find the refinancing solution that is right for you. We are a direct lender of a variety of home loans; additionally, we have access to a variety of lenders and a multitude of programs including first and second mortgage or home equity loans, construction, or investment properties.

Offering competitive refinance rates and a broad range of loan options lets us help you refinance your home.

With our help, you can refinance to maximize your savings and improve your future finances in several ways:

  • Lower your monthly mortgage payments
  • Access your home equity
  • Eliminate mortgage insurance
  • Pay off high interest debts such as credit cards or loans
  • Move to a fixed rate from an ARM (Adjustable Rate Mortgage)
  • Pay off your home loan faster

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