Types of Loans


Fixed Rate Mortgage (Home) Loans

  • USDA, FHA, VA, Conventional, 1-4 Family financing available for 10, 15, 20 and 30 year terms

 

  • Fixed principal and interest payments

 

  • We will provide valuable loan cost comparisons to help you make an educated decision on your loan type and term

 

  • Cash-out refinancing available – quick turn-around times!

 

  • Adjustable Rate loans also available.

Guaranteed Rural Housing

  • 102% financing based on appraised value. If appraisal value exceeds sales price, borrower can finance closing costs.

 

  • 1-time upfront guarantee fee of 1% and a monthly mortgage insurance at .35%.

 

  • No asset requirements.

 

  • No first time homebuyer restrictions and no purchase price limitations!

 

  • No minimum cash contribution from borrower and it’s even possible to get your earnest money back at closing!

 

  • 6% seller concessions and 100% gifting is allowed

 

  • Eligibility
    • Borrower(s) must be a U.S. citizen, a U.S. non-citizen national or a qualified alien
    • Must have an adjusted household income that is within Rural Development guidelines based on the
      • number of persons who will occupy the house
      • Property must be a primary residence
      • Property must be located in an eligible area

First-time Homebuyer Program with

Wyoming Community Development Authority

  • Down payment assistance available from WCDA

 

  • Below market rates for 30 year mortgages

 

  • 6 acres max

 

  • Must have an adjusted household income that is within WCDA guidelines based on the number of persons who will occupy the house

 

  • Certain purchase price limitations apply depending on the county where you will purchase your home – most counties $258,600