Loan ProgramsThe following is a partial list of programs offered by The Mortgage Center with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 304-267-9040.
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Conventional
Traditional loan programs that usually require 3 or 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.
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USDA 103.5% Purchase
0% down payment required! Only single-family homes that will be owner-occupied are eligible.
You do NOT need to be a First time homebuyer. Income restrictions apply. Call for details. 304-267-9040
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West Virginia Housing Bond Program
First Time Buyers, or those that have not owned a home within the last 3 years. This loan provides below market interest rates and closing cost assistance. 100% financing available.
Current Rate: 3.50% (APR: 3.729%)
This is a 30 year FIXED rate mortgage with NO Points.
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No Down Payment
0% down payment required and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs).
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VA Mortgages
Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.
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Investor Loans
Used to finance 1-4 family properties that will be for investment with as little as a 20% down payment. Aggressively priced, these programs have many variations.
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Construction Loans
Building a new home can be an exciting prospect - unless you get caught up in a construction loan approval process that is overly complicated and time consuming. With this loan, we will finance up to 100% of the cost of land plus the costs of construction. Check out our 3-2-1 option, which starts you off at a much lower payment.
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Jumbo Loans
Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document.
Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.
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