Loan Programs

Mark 1 Mortgage is a full service mortgage lender. We offer most mortgage products including: Conventional, FHA, VA, Construction, and FHA 203k loans.

Conventional:

Fannie Mae and Freddie Mac loans are referred to as “conventional”.  Always the best option for buyers that put 20% down, although it is available for buyers with a 10% down payment.

FHA:

FHA loans are insured by the Federal Housing Administration and allow homebuyers to buy a house with only 3.5% down.

VA:

This type of government loan is available to veterans who have served in the U.S. Armed Services and, in certain cases, to spouses of deceased veterans. The requirements vary depending on the year of service and type of discharge. The main benefit to a VA loan is the borrower does not need a down payment. The loan is guaranteed by the Department of Veteran Affairs, but funded by a conventional lender.

Jumbo:

Jumbo loans are for homebuyers and homeowners that are seeking a mortgage in excess of the mortgage limits for Conventional and FHA loans.  Since these loans are purchased by Real Estate Investment Trusts (REITS) and very few banks, it can be more difficult to find the right particular program and the best terms for potential homebuyers.  Matt Cady has a large network of lenders that offer these products, and is sure to provide the best terms.

FHA 203k:

Designed for homebuyers that would like to buy a house and finance the cost of improvements. All in one loan.  Whether it’s a house that needs major improvement, or minor repairs you can enjoy the benefits of customizing your house with a low down payment.