Loan Programs

Frank specializes in a wide range of loan types, ensuring that he can cater to the diverse needs of his clients. Some of the loan programs he excels in include:

  1. Conventional Loans: These are traditional mortgage loans that are not guaranteed or insured by the government. Conventional loans often have competitive interest rates and flexible terms, making them suitable for a variety of borrowers.
  2. FHA Loans: Backed by the Federal Housing Administration, FHA loans are popular among first-time homebuyers and those with lower credit scores. These loans offer more flexible qualification requirements and lower down payment options.
  3. VA Loans: Frank is well-versed in Veterans Affairs (VA) loans, designed for eligible veterans, active-duty service members, and their families. VA loans offer attractive terms, including zero or low down payment options, favorable interest rates, and no private mortgage insurance (PMI) requirement.
  4. USDA Loans: United States Department of Agriculture (USDA) loans are ideal for borrowers in rural and suburban areas. These loans offer low to no down payment options and competitive interest rates, aimed at promoting homeownership in eligible areas.
  5. DSCR Loans: Frank understands the complexities of Debt Service Coverage Ratio (DSCR) loans, which are primarily used for commercial real estate financing. These loans focus on the property’s income-generating potential rather than the borrower’s personal income.
  6. Construction Loans: A construction loan is a type of financing specifically for building or renovating properties. It provides funds in stages as construction progresses. Borrowers make interest-only payments during construction and can pay off the loan or convert it into a long-term mortgage. Construction loans are obtained through banks or specialized lenders and have higher interest rates due to the project’s risk. They are suitable for individuals or businesses undertaking construction projects.
  7. DPA Programs (Down Payment Assistance Programs): In addition to the above loan options, Frank is knowledgeable about various Down Payment Assistance Programs available to help eligible borrowers with their down payment and closing costs. These programs provide financial assistance to first-time homebuyers and others who may need help covering the upfront costs of purchasing a home.

and many more…

In addition to these specialized loan programs, Frank stays up-to-date with the ever-evolving mortgage landscape and is knowledgeable about other loan options, such as jumbo loans, adjustable-rate mortgages (ARMs), and refinancing options. His comprehensive understanding of loan products and underwriting guidelines allows him to guide clients towards the most suitable mortgage solutions for their unique circumstances and goals.