Loan Types

 

Conventional

 

This is the most common type of loan, backed by Fannie Mae or Freddie Mac. Mortgage rates for these products are the most competitive; down payments can be as low as 3%. At LendWise we offer fixed- and adjustable-rate mortgages, ensuring we have a variety of options for you.

 

First-Time Home Buyer

 

Buying your first home is exciting and at times overwhelming, which is why LendWise will be there to guide you at every step. There are a number of loan programs for First-Time Home Buyers and we are here to help you find the best one for your needs.

 

Home Improvement

 

LendWise offers several home improvement loan options. These loans can exceed the current value of a home to complete necessary repairs and improvements. This can be one of the most cost effective ways to help a home reach its full potential, for projects big and small.

 

VA

 

Qualified veterans, service members, and their spouses can finance up to 100% of their home and pay less at closing. Or ask us about refinancing with a VA loan. This is an amazing product with zero down payment required.

 

FHA

 

Insured by the Federal Housing Administration (FHA), these loans provide solutions for borrowers with down payments as low as 3.5%. This option is more lenient than a conventional loan if you have had a bankruptcy or other financial issues in the past. It is also one of the best options for a low down payment multi-family purchase or refinance.

 

USDA

 

This unique program provides families and individuals the opportunity to own affordable homes in more rural areas and allows for a zero down payment. Location requirements + income limits apply.

 

HomeReady & Home Possible

 

HomeReady and Home Possible, two programs by FannieMae & Freddie Mac, help homebuyers who would otherwise qualify for a mortgage but may not have the resources for a larger down payment. Offers minimal risk-based price adjustments compared to other programs, and reduced mortgage insurance costs.