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Financing the American Dream
With a full range of Fixed Rate and Adjustable Rate options, get the funding you to buy your dream home. With competitive rates, flexible loan options and exceptional client care, EXP Funding gets home loans done.
Fixed Rate
Chose the stability of a traditional fixed rate mortgage, one of the most popular options for both purchase and refinance.
Adjustable Rate
An option ideal for those who plan to stay in their homes short term or want lower payments.
FHA
FHA loans offer more flexibility, lower down payments and easier qualifications.
VA
Active duty personnel and veterans can take advantage of some of the most competitive financing options unavailable to the general public.
Jumbo
Need higher limits? We’ll work with you to get a competitive rate and term for your Jumbo Mortgage.
Flexible Choice
Our Flexible Choice programs are designed to go beyond conventional loan options, giving you the solutions you need in any situation:
- Self-Employed/Blended Income
- Investor Solutions
- Fresh Start
- Asset Utilization
- Foreign National
Buy with FHA Programs
These popular loan options are insured by the Federal Housing Administration (FHA), allowing for more lenient credit, income, and down payment requirements compared to traditional mortgages. This does require mortgage insurance and payments on any associated premiums.
Why FHA?
FHA Loans offer a number of advantages conventional mortgages don’t offer:
- Offer a way to purchase or refinance with less-than-perfect credit
- Down payment assistance options are available
- Lower your existing FHA rates or convert a traditional loan to an FHA program
- Less stringent guidelines for recent financial difficulties (e.g. bankruptcy, short sale, foreclosure)
Requirements and Qualification
Loan Amount
FHA home loans have maximum mortgage limits that vary by state and county.
Down Payment
FHA guidelines require a minimum down payment of 3.5%.
Mortgage Insurance
You are required to hold a mortgage insurance policy and pay associated premiums.
Property Condition
The home being purchased must meet certain conditions and be appraised by an FHA-approved appraiser. New FHA loans are only available for homes intended as the buyer’s primary residence.
Serving Those Who Serve
We help service members, veterans and eligible surviving spouses achieve the dream of home-ownership. As part of our mission to serve you, we provide VA insured loan programs to help you buy, build, repair, retain, or adapt your home to your needs.
Your status gives you access to competitive financing terms. Our team can walk you through your options.
Advantages of VA Loans
VA backing means you get access to more favorable terms, even with private lenders. This can include:
- No early payoff fees
- Assistance programs if you have trouble making payments
- No private mortgage insurance premium required
- No down payment options within certain limits
The VA’s Role
Most VA Home Loans are serviced by private lenders, and the VA rarely gets involved in the approval process. The VA insures the loan, guaranteeing a portion of it in the event something goes wrong and you can’t make payments. The lender (i.e. Prime Choice Funding) can go to the VA to cover any losses.
Renovation Loans
VA Renovation Loans
Looking to buy that fixer-upper? Want to remodel or repair your current home? This program is designed for you.
A VA Renovation Loan allows for no money down financing, with the value of the loan covering the purchase price and the cost to remodel and repair. This loan option is intended for minor updates and non-structural repairs.
Flexible Solutions for Any Situation
What is Flexible Choice?
Prime Choice Funding is excited to announce we now offer our borrower’s a Flexible Choice℠ to meet their purchase, refinance and cash-out refinance needs. Our growing list of products gives you access to flexible solutions for any situation, from self-employed mortgages to foreign national loans.
What Are My Options?
Self-Employed/Bank Statement Mortgage
Designed for Self-employed borrowers where traditional documentation requirements are an issue. Allows for blending of income between wage earner’s pay-stubs and the self-employed borrower’s bank statements.
Investor Solutions
Designed for buyers or owners financing an investment property – no income qualification needed.
Fresh Start
Setbacks happen. This program lets you get back into home ownership even a day out of foreclosure, short sale, or bankruptcy.
Jumbo Loans
5% down, easier guidelines than the big banks, and larger loan limits – what’s not to love?
Asset Utilization
Qualify with liquid assets such as checking/savings accounts, stocks, IRA, 401k, etc.
Foreign National
Access US real estate through our Foreign National program. You may qualify if you:
- Are a Canadian with no VISA
- Are an eligible VISA holder or listed on the VISA Waver Program (VWP)
- Are NOT listed on Exclusionary Lists, OFAC, or hold Diplomatic Immunity
