Mortgage products accommodating borrowers with special financing (non conforming) needs is a specialty of LenderSquare Lenders. We offer a variety of specialty home-loan programs. These include:
Construction Loans
We have an entire department set up to handle any questions you may have about your construction loan, contact us today. Need a builder? Need a construction loan?
Adjustable Rate Mortgage
Adjustable rate mortgages typically start at a lower interest rate (and lower payments) but interest rates and payments fluctuate depending on market interest rates.
Jumbo Mortgages
Jumbo loans are just what their name implies: a larger than average loan. Most lenders follow the Fannie Mae or Freddie Mac federal guidelines for loans, which limit the amount you can borrow to $252,700. If you need to borrow more than this, you should look for a Jumbo loan.
Balloon Mortgages
If you know you'll be moving in five to seven years, and you'd like a lower interest rate
Stated Income Mortgages
This is another financing option for those persons who are making a significant downpayment on the purchase of a new property or who have substantial equity in their existing property for the purpose of refinancing.
The income used for qualification is the amount stated on the application, however, there is no verification of the income. Assets used for a new purchase will need to be verified. Your LenderSquare Lenders loan consultant can assist you further.
No Money Down Mortgages
LenderSquare Lenders are able to offer 100% (zero down) financing in many situations to low-income borrowers and in low-income census tracts as well as borrowers who have excellent credit histories.
Please consult your LenderSquare Lenders loan consultant for more information on these low cost loans.
Second Home / Vacation Home Mortgages
People are buying more vacation homes than previous generations ever imagined. LenderSquare can put you together with lenders who specialize in vacation home mortgages and second home mortgages.
Reverse Mortgages
Homeowners 62 and older who have paid off their mortgages or have only small mortgage balances remaining are eligible to participate in HUD's reverse mortgage program.
Mexico Home Loans
Most people mistakenly believe that property ownership in Mexico is off-limits to foreigners. Reality check: Mexican real estate is not only obtainable; it's a wise and exciting purchase option today.
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