Mortgage Lending for all types of Purchases and Refinancing
Primary Residence - Second Homes - Investment Property
Whether you’re buying your first home or looking for a new investment property, the mortgage process can be complex and stressful. Let my experience help you achieve a smooth and stress free transaction. Reach out today to learn more.
Loan Types
Let’s find the right loan for you!
Conventional Mortgage
A Conventional Mortgage typically requires a 20% down payment, and is available with either Fixed Rate or Adjustable Rate terms. They follow guidelines set by Fannie Mae and Freddie Mac, companies that buy mortgages on the secondary market in the U.S. The USVI market is unique in the fact that there are no options for Private Mortgage Insurance. Therefore, even though we have lenders that will offer loan programs with less than 20% down, the lack of mortgage insurance prevents the ability to offer these loans.
FHA and VA Loans
Both FHA and VA loans are backed (and insured) by the Federal Government. Both offer low down payments: 3.5% for FHA and 0% for VA, and are limited to Owner Occupied properties. Contrary to popular belief, an FHA loan its not restricted to those buying their first home.
Jumbo Loans
A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Unlike conventional mortgages, a jumbo loan is not eligible to be purchased, guaranteed or securitized by Fannie Mae or Freddie Mac.
And in the end, it's all about Service, Service, Service… 24 by 7 access, 365 days a year!
Much like the old real estate adage of location, location, location; I believe the mortgage business to be built around service. While it is a given that I will find the best terms for your loan, there is no substitute for the priority access I provide all my customers. You can reach me at anytime, at your convenience, and I'll be your direct contact throughout the loan process from application through closing. Try getting that with a bank!