Programs offered by First Source Mortgage
Conventional purchase/refinance
The common misconception is that mortgage brokers only deal with loans that have low credit scores or are very hard to get done. This is not the case. First Source mortgage can also offer loans with 5-20% down/equity and typically have rates lower than your local bank or credit union.
100% purchase with or without private mortgage insurance
We have multiple options for 100% purchase programs for both the perfect and not so perfect credit scenarios.
103/107% purchase programs
These types of purchase programs are for those borrowers that have little to no money for closing costs. This program is also ideal for customers that have a fair amount of debt and can consolidate it into the purchase of their home to achieve lower monthly payments.
80/15 or 80/20 purchases/refinances
This lending program is for those borrowers that do not have the equity in their homes or money down to avoid private mortgage insurance. Along with these types of loans, we can also offer lending as one loan with the private mortgage insurance built into the interest rate.
100% purchase on investment properties
This loan is for investors looking to get into properties with little to no money down.
115/125% refinance
These loans are for customers that are looking to consolidate debt and save money on their monthly payments with or without having equity in their home.
FHA/WHEDA/Rural Development
We also offer all spectrums of government lending programs.
Stated Income/ No Income Verification Products
These programs are offered for the both the self employed customer and W2'd customer. First Source Mortgage can lend up to 100% of the value of the home either for a purchase or refinance without verifying how much a customer makes.
Poor Credit Loans
It does not always matter what kind of credit situation a customer is in. First Source Mortgage has the ability to use the maximum amount of equity in the home to better a customer's credit.
Conforming/Non Conforming Commercial Loans
First Source Mortgage has multiple lenders for all your commercial lending needs.
