Loan Products at TASH MORTGAGE

Backed by the Federal Housing Administration, FHA loans are ideal for first-time homebuyers and those with lower credit scores or higher debt ratios. These loans are available for both primary and secondary residences, requiring only a 3.5% down payment, which can be gifted. Additionally, sellers can contribute up to 6% toward closing costs. It's important to note that FHA loans require a Mortgage Insurance Premium (MIP) for the life of the loan, similar to how home equity lines of credit or reverse mortgages may function differently. While exploring financing options, also consider alternatives like USDA loans and VA loans for additional benefits.

Designed specifically for veterans, active-duty service members, and eligible spouses, VA loans offer numerous benefits such as no down payment required for qualified borrowers, no private mortgage insurance (PMI), and competitive interest rates. Additionally, these loans have flexible credit requirements and can be utilized for both primary and secondary residences. For those exploring other financing options, FHA loans, USDA loans, home equity lines of credit, and reverse mortgages are also available.

Designed for rural and suburban homebuyers, USDA loans require no down payment and offer low mortgage insurance costs. These loans also come with flexible credit guidelines, making them accessible to a wider range of applicants. Additionally, properties must be located in eligible rural or suburban areas, similar to the benefits offered by FHA loans and VA loans, which cater to different buyer needs. For those looking into home equity lines of credit or reverse mortgages, understanding these options can enhance your financial strategy.

Fixed and adjustable rates are available for various loan options, including FHA loans, VA loans, and USDA loans. Loan terms range from 10, 15, 20, to 30 years, offering flexible terms to suit your needs. In 2025, loan amounts can go up to $806,500 for primary, secondary, and investment properties. For those who qualify, down payments can be as low as 3%. These options are available for both purchase and refinance transactions, including home equity lines of credit. In higher cost of living areas, loan amounts can reach up to $1,209,750, making it easier to secure financing for your home.

Financing above Conforming Loan Limits can be achieved through various options, including FHA loans and VA loans. The convenience of having one loan versus managing multiple mortgages is a significant advantage. You can explore purchase options with a 5% down payment that comes with NO Private Mortgage Insurance (PMI), as well as fixed and adjustable-rate mortgage options. Additionally, loan amounts are available for up to $4.5 million, making it possible to consider options like home equity lines of credit and even reverse mortgages.

Blemished credit can still open doors to financing options like Bank Statement Loans, available in 12 and 24-month terms, as well as Investor Loans with DCSR. We also offer Special Jumbo Loans and Foreign National Loans, along with Fix and Flip Loans. Non-QM Loans provide alternative financing solutions for borrowers who may not meet traditional mortgage criteria, similar to FHA loans, home equity lines of credit, reverse mortgages, USDA loans, and VA loans.

For homeowners aged 62+ looking to access home equity, reverse mortgages can be an excellent option. These loans allow you to convert your home equity into cash without requiring monthly mortgage payments, provided the home remains your primary residence. You can choose from multiple payout options, such as a lump sum, monthly payments, or a line of credit. As an FHA-insured loan, reverse mortgages come with built-in borrower protections, allowing you to retain homeownership while benefiting from your home’s equity. Repayment is deferred until the home is sold or no longer occupied by the borrower, similar to other options like USDA loans and VA loans.

Lower your monthly payment with a better interest rate through options like FHA loans or VA loans. You can shorten your loan term to pay off your home faster, or consider a cash-out refinance to access home equity lines of credit for home improvements or funding other projects. Additionally, switching from an adjustable to a fixed-rate mortgage can provide stability, while debt consolidation options can help you combine high-interest debts effectively.