Stress Free Options For All
At Interstate Home Loan Center our trained team of licensed professionals will present a solution that best meets your needs. Our goal is to painlessly finance the home of your dreams.
At Interstate Home Loan Center our trained team of licensed professionals will present a solution that best meets your needs. Our goal is to painlessly finance the home of your dreams.
There is nothing better than building equity and having pride in owning your own home. Let Interstate Home Loan Center, Inc. make this dream a reality for you. Our process is fast and painless. Purchasing a home is a big step and it requires knowledge, understanding and expertise that our Licensed Loan Officers can provide. Our Licensed Loan Officers and expert operational staff will handle your purchase as if it was their own home.
Click on the program that you would like more information about and start a conversation with us today about your new home!
FHA loans are backed by the Federal Housing Administration, an agency under the jurisdiction of the Department of Housing and Urban Development.
Down Payment
Maximum Loan Amounts
The maximum loan amount you can borrow is $970,800 in certain high cost areas.
Other Requirements
Call and speak to your Loan Officer about a Pre-Approval today!
Click here to learn about the program
A VA loan is a top benefit of military service for eligible veterans, service members, and surviving spouses.
If you currently serve in the military or are a veteran, you’re potentially eligible for a VA loan.
A VA loan is backed by the Department of Veterans Affairs (VA).
Millions of military veterans and active service members are eligible for a VA Home Loan which allow veterans to purchase a home with NO money down in
most cases! *
Learn more about our special financing available for Military Veterans; let your benefits work for you!
*Subject to qualification
Click here to learn about the program
3.5%
FHA home loan programs provide financing with down payments as low as 3.5%. This popular program is also available for qualified borrowers that may have less than perfect credit histories.
Click here to learn more about FHA Programs
3%
If qualified, you can make a down payment as low as 3% on conventional home loans with private mortgage insurance (PMI). To qualify, you must be a first-time homebuyer. A first-time homebuyer is defined as someone who has not owned a home in the last three (3) years. Generally, these loans have stricter credit requirements than FHA programs. PMI may be canceled when the mortgage balance is below 80% of the home’s value if you request its cancellation. It will fall off automatically at 78% if you do not request cancellation first.
Click here to learn more about Conventional Loan Programs
3% – 5%
Home Possible® and HomeReady® mortgages offer low down payments for homebuyers in high-cost or underserved communities. This program is available for low to moderate income buyers. To find the median income for the area you are looking in, click here Income Lookup Tool. Have additional questions? Ask your Interstate Home Loan Center licensed loan officer today!
Click here to learn more about Conventional Loan Programs
0%
No down payment loan programs are available for qualified veterans, active-duty service members of the National Guard and Reserves. Contact your Interstate Home Loan Center licensed loan officer today.
Click here to learn about our VA Loan Programs.
Click here to learn about the program
A conventional mortgage loan is a “conforming” loan, which simply means that it meets the requirements for Fannie Mae or Freddie Mac. This is the standard loan program that most people consider when purchasing a home.
Conventional loan Criteria:
Click here to Learn more about a Conventional Loan Programs
Interstate offers many options for purchasing investment properties. Conventional loan programs can be used to purchase a home and require underwriting of the borrower’s income while considering the proposed rental income of the subject property as well as the borrower’s debts. There are alternative loan programs available to allow borrowers to qualify without their own income.
Conventional:
Conventional investment property loans require the borrower to meet conforming loan guidelines. This means the borrower’s income, credit, debts, and housing expense are all considered as part of underwriting.
Click here to Learn more about a Conventional Investment Property Loan
Non-QM Programs:
Not all investment purchases fit into a “conventional mold”; in this case a Non-QM mortgage is a fantastic option!
Non-QM Investment Loan Options:
We also have second-home options! Call us today to find out more.
Click here to learn more about our Non-QM programs
Self-employed borrowers can have difficulty finding a loan option that fits their needs. Interstate offers several loan programs to meet the needs of self-employed borrowers.
Conventional and FHA Loans
Both conventional and FHA loans can be used by self-employed borrowers to purchase or refinance a home. These two loan programs will require documentation of income via filed tax returns and conforming underwriting guidelines.
Click here to learn more about FHA Loan Programs
Click here to learn more about Conventional Loan Programs
Many self-employed borrowers don’t fit into the conventional and FHA loan box. There are alternative income qualification loan programs available to meet the needs of these borrowers
Click here to see our Non-QM Programs
Are you having difficulty qualifying for a mortgage? A Non-QM mortgage could help you reach your goal of homeownership!
Mortgages are not “one size fits all”. Interstate Home Loan Center knows that!
What is a Non-QM Loan?
A Non-QM loan, or non qualified mortgage, is a loan that is not required to meet standard agency documentation requirements from the CFPB. Non-QM loans are not insured, guaranteed, or backed by FHA, VA, Fannie Mae or Freddie Mac. Due to their more versatile and flexible qualification guidelines, many can secure financing on a new home who wouldn’t normally meet standard lending requirements.
Who is a good candidate for a Non-QM loan?
Click on one of the Loan Programs Below to Help with Your Unique Needs:
Click here to learn about the program
When purchasing a home that needs renovation you can either select a Fannie Mae Homestyle Renovation Loan or an FHA 203K Renovation Loan to make your home perfect. Check out the program details below:
Fannie Mae Homestyle® Renovation Loan
Click here to learn about the program
FHA 203(k) Renovation Loan:
FHA offers a renovation loan program that allows borrowers to remodel an existing home. This program can be used to purchase a home that needs repair and updating or even to refinance the home they already own. Just like the standard FHA loan, it offers more flexible guidelines than its conventional counterpart.
Repairs and Rehabilitation that can be financed:
Click here to Learn How to Make Your Dream Home Perfect