Mortgage Loans in Vermont

The following is a partial list of programs offered by Mansfield Mortgage Professionals with a brief description of the key elements of each. For a complete list of the mortgage programs that we offer please contact us.

We have been licensed through the US Department of Housing and Urban Development since 2009 and have helped our borrowers to explore any and all types of FHA loans & products.

Home Equity Conversion Mortgages  (HECM)! Reverse mortgages are increasing in popularity with home owners 62 years old and above. If you own your home free and clear or have a small mortgage on it, this is a wonderful way to supplement your Social Security income or pension. Call us for more details.

These loans are done through our relationship with our lender and the United States Department of Agriculture Rural Development. USDA Rural Development loans are one of the few loan products out there that qualify for “zero” money down.

A few words about VA loans. One, we love working for our Veterans. Two, this is, hands down, the best mortgage loan product available if you do not have your full 20% down when you go to buy your first home or 4th home. 100% financing with no PMI?  Give us a call. We have done plenty of these loans through the VA since we began in 2008.

Do you want a better rate or a shorter term or have a desire to “cash out”, we can help you. Getting divorced and need to remove a co borrower? A mortgage refinance loan could help you achieve this goal.

This is your standard, conventional mortgage loan. When you have at least 3% to put down on the home and everything else falls into place (income, debt, credit score, etc) this is what you would apply for.

Second homes/Vacation homes are always very exciting loans to work on for us. Seeing borrowers that we have often worked with over the years getting ready to purchase the get away home they have always wanted is fun to do. Learn more about second home loans today.

Otherwise known as a property you intend to purchase for the purpose of renting out to a tenant with no intent to reside in. These properties can be anything from a condo, or a townhouse, up to a 4 unit apartment building.

When it comes to borrowers that have a high debt ratio (monthly income vs. monthly debt), our best option is to provide the borrower with an FHA loan. There are limitations to every loan but we have the ability, provided we have a credit score over 620, to get a loan  approved with up to a 56.99% back end debt ratio.

We choose to focus our efforts and expertise on helping first time home buyers achieve their dream of home ownership. There are special options for first time home buyer loans.

Borrowers can use liquid and non-liquid assets to qualify for multiple loans types. We can work with you to determine the best option for your needs.

If you are self employed and have too many write offs for your business to qualify for a conventional based loan, this may be just what you are looking for!

If you are self-employed and can’t qualify using your last two years of tax returns, this may be the loan for you!

Self-employed for more than 1 year but less than 2 years? Give us a call today to see if we can make this loan work for you.

We have programs available for Foreign Nationals, Permanent Resident Aliens, and Non-permanent Resident Aliens.

Digital HELOC Program.

Loan amounts up to $500,000

PRIMARY DWELLING

up to 80 CLTV with a 700+ FICO

up to 65 CLTV with a 640+ FICO

SECOND HOME

up to 75 CLTV with a 740 + FICO

up to 60 CTLV with a 640+ FICO

INVESTMENT PROPERTY ( 1 -4 UNIT)  * Limit 15 financed properties

700+ FICO up to 70 CLTV

Full document and bank statement income verifications

Non-occupant co-borrowers are allowed

Revocable Trusts are Accepted.  LLC’s are not.