Loan Programs
A major benefit of working with a mortgage broker is how many loan options we have compared to banks or retail mortgage lenders. We can offer the same loan programs, like FHA or USDA, but also provide financing to investors with alterative documentation options.
At CAM we partnered with numerous lenders, and counting, to fit your needs, as complicated or simple as they may be. Feel free to look around and educate yourself on the different types of loan programs. Once you are ready to take the next step, apply online to start your homebuying journey.
Loan Types
Conventional Loans
A conventional loan is a mortgage that is not insured or guaranteed by the government, but instead by a private lender. They are the most common type of mortgage available to homebuyers.
FHA Loans
FHA loans are mortgages that are insured by the Federal Housing Administration (FHA) and offered by private lenders. The FHA is a government agency that is part of the U.S. Department of Housing and Urban Development (HUD).
USDA Loans
FHA loans are mortgages that are insured by the Federal Housing Administration (FHA) and offered by private lenders. The FHA is a government agency that is part of the U.S. Department of Housing and Urban Development (HUD).
VA Loans
VA loans, or VA-backed home loans, are mortgages that the U.S. Department of Veterans Affairs (VA) guarantees to help veterans, service members, and their surviving spouses become homeowners.
Non-QM Loans
Non-QM stands for "non-qualified mortgage" and refers to a type of loan that doesn't follow the same consumer protection rules as traditional mortgages. Non-QM loans are designed to help borrowers who might not qualify for a standard loan
HELOC
A home equity line of credit (HELOC) is a loan that allows you to borrow, spend, and repay as you go, using your home as collateral. These rates are typically higher than a traditional cash-out refinance loan product.
Renovation & Construction
These loans are used to finance home construction, renovation, repairs, and remodels for existing homes. They can be used for cosmetic changes, structural modifications, new flooring, paint, roof repairs, and more. Some common renovation loans include FHA 203(k) loans and FNMA Homestyle loans.
Reverse Mortgages
Reverse mortgages are a way for older homeowners to borrow money based on the equity in your home. Essentially, to stay in your home for longer and free up expenses for any care you may need.