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 for Seniors! Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income.

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 660, to get an approved loan 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.

This loan product will be of interest if you are a real estate investor with with more than 10 financed properties.

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

A “bad” or not ideal credit score doesn’t mean you can’t get a home loan. We have worked with countless borrowers and successfully taken them from “denial” to homeowner. Learn more about Vermont bad credit home loans and get in touch today!