The following is a partial list of programs offered by First Access Mortgage LLC with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 985-429-1770.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
Construction loans are used to finance the construction of a new structure. Whether you’re interested in building a brand new home for you and your family or you’re looking to construct a commercial property we can help craft a terrific lending solution. Each loan is as unique as the property you’re looking to construct.
We look forward to your questions about construction loans. Please call us to find out more.
A jumbo loan, or non-conforming loan, usually means any home loan for amounts higher than $726,200. Jumbo loans feature similar loan programs to fixed rate and adjustable rate programs. There are even FHA jumbo loans. The main difference between jumbo loans and conforming loans is the interest rate. Because jumbo loans are riskier for lenders they usually have higher rates. Learn more about jumbo loans by contacting us today.
FHA loans are private loans insured by the federal government. These loans are popular with borrowers who don’t have enough funds to pay a traditional 20 percent down payment because they only require 3 percent down to qualify and cannot exceed a $726,200 loan limit. Those who choose these loans are required to pay mortgage insurance which slightly increases their monthly payments. Lenders who wish to offer these loans must be approved by the Department of Housing and Urban Development. Please contact us today to find out if a FHA loan is right for you.
Like a FHA loan, VA loans are private loans insured by the federal government. VA loans are only available to qualified military veterans and their families. These loans are only available to these individuals for their own primary residences and cannot exceed a $726,200 loan limit. For information on qualifying for this loan program please give us a call today.