The following is a partial list of programs offered by iServe Residential Lending, 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 877-308-4117.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
Conventional loans are a popular option for borrowers seeking flexibility and competitive pricing. These loans are not insured or guaranteed by a government agency and may be suitable for primary residences, second homes, or investment properties depending on borrower qualifications.
Program eligibility, terms, and conditions vary based on credit profile, income, assets, and property characteristics.
FHA loans are insured by the Federal Housing Administration and are designed to help make homeownership accessible to a broader range of borrowers. These programs may offer more flexible qualification guidelines than some other loan options.
Specific eligibility requirements, terms, and conditions are determined by FHA guidelines and individual borrower qualifications. Contact us to learn whether this program may be appropriate for your situation.
VA loans are available to eligible veterans, active-duty service members, and qualifying surviving spouses. These loans are backed by the U.S. Department of Veterans Affairs and are intended to support homeownership for those who have served.
Eligibility is based on military service requirements and lender guidelines. Program details vary and are subject to approval.
Homeowners looking to decrease their interest rate may consider refinancing. A refinance calls for the homeowner to obtain another mortgage loan. Those funds are then used to pay off the original mortgage loan and the homeowner is then bound by the terms of the new mortgage. Depending on your situation a refinance loan could be a great option. Along with decreasing your interest rate, refinance loans can also help you switch from an ARM to a FRM, and in some cases reduce your loan term.
Jumbo loans are designed for financing higher-value properties that exceed standard loan limits. These programs may be suitable for borrowers with strong credit profiles and financial documentation.
Loan terms and qualification requirements vary based on market conditions and borrower credentials.
USDA loans are designed to support homeownership in eligible rural and suburban areas. These loans are backed by the U.S. Department of Agriculture and have specific property location and borrower eligibility requirements.
Availability and qualification depend on program guidelines and individual circumstances.
Adjustable rate mortgages are loans where the interest rate is recalculated on a yearly basis depending on market values. As interest rates are adjusted so is the borrower’s monthly payment. While interest rates on ARM loans are generally lower than fixed rate loans they can eventually become higher. Various types of ARM loans include Hybrid ARMs such as 10/1 year, 7/1 year, 5/1 year and 3/1 year programs. Contact us for more information on adjustable rate mortgage loans.
Reverse mortgage loans, also known as reverse equity loans, are only available to homeowners 62 or older. Like its name indicates, this program pays the homeowner either a one-time large payout or monthly installment. Once the loan term expires the house either becomes the property of the lender or the house can be sold to repay the debt. Reverse mortgage loans are great options for seniors looking to increase their monthly incomes. Contact us for more details.