Outside the Norm Home Loans

Mortgage and Lending with The Mortgage Market of Delaware

Outside the Norm Home Loans

Unusual circumstances call for expert financial guidance to find the right loan. When it comes to home loans most people are aware of the normal, regular loans and may be surprised there are quite a few loan programs to fit not so normal sets of wants and needs.

For example, did you know these types of home loans are available?

  •         3% down conventional loans
  •         100% cash out Veterans’ loans  
  •         FHA and VA loans with a credit score as low as 500
  •         Renovation loans based on the purchase and repair cost
  •         Manufactured home loans; doublewide Class C; FHA, VA and conventional
  •         USDA 100% Guaranteed Rural Housing Home Loans down to a 550 credit score
  •         Loans for self employed borrowers using bank statements for calculating income
  •         Loans for one day out of discharge of bankruptcy, short sale, foreclosure and mortgage late
  •         Construction to permanent loans, conventional, FHA and VA
  •         Jumbo loans
  •         First lien and home equity used together at purchase to avoid private mortgage insurance
  •         Homes held in LLC
  •         Mixed use properties
  •         No limit on number of homes owned or financed
  •         Non warrantable condos
  •         Reverse Mortgages for purchase, lump sum out, monthly income or combination

With so many options available, most people will be able to qualify for a home loan. It just takes a little research to find what will work. Contact a trusted licensed mortgage loan originator with your scenario. You may find that you are much closer to making your home goal come true.

Written and provided by: JoAnn Moore, President of The Mortgage Market of Delaware, NMLS #165477. Licensed Mortgage Loan Originator, 302.855.1306, 302.236.1229, MMODJoAnn@aol.com

Posted by

JoAnn Moore

Comments (6)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

JoAnn, sure sounds like no matter what the buyer needs or wants in a loan program, you can do it!  

Sep 21, 2018 10:48 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

JoAnn Moore  Very good financial information here .  Hope you get some calls

Sep 21, 2018 03:31 PM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi there, thanks for the rundown on the various loan programs out there. It seems possible for nearly everyone to get a home loan these days. 

Sep 22, 2018 07:17 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I don't know how I missed this when you first posted it JoAnn, but I did.  That's valuable information there.

Oct 21, 2018 01:49 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Having the right qualified and experienced professional is crucial!

Jan 04, 2019 07:30 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

JoAnn, with the exceptional lender, lots of loans can be done.  They just need to call YOU!

Jan 03, 2020 06:55 AM