Home Equity Conversion Mortgages, or Reverse Mortgages, have been a part of our loan portfolio for many years.. We also offer Home Equity Conversion Mortgage Purchase and Refinance loans. We can come to you, or meet you at our office, your bank, or anywhere you feel comfortable, and discuss how these loans work and what your options are with no pressure or cost to you.
Southchase Mortgage has been open since 2000, and offers Purchase and Refinance loans in Conventional, FHA, USDA, VA, and Jumbo programs. They also offer reverse mortgages and Commercial Property.
5315 Southchase Ln, League City, TX 77573 is a single family home for sale listed on the market for 60 days. 5315 southchase Ln is in the Magnolia Creek neighborhood, which has a median listing.
Feel free to contact Southchase Mortgage LLC at (706) 576-2451 to request an appointment, to get working hours, ask questions about mortgage, loans & more. Southchase mortgage llc location: 6001 River Rd Ste 310, Columbus, GA.
This amount can vary from $0 for VA loans, 3.5% for FHA Loans and 20% for conforming mortgages. Speak to your licensed mortgage loan originator to Down payment of less than 20% percent, might require a purchase of private mortgage insurance (PMI). PMI protects the lender in the event of foreclosure.
Federal Housing Administration (FHA) Loan- The borrowers with this type of loan usually pay for mortgage insurance and it protects the lender from a loss if the borrower defaults from the loan. The beneficiaries of an FHA loan are housebuyers with small down payments, individuals whose house payments might be a big chunk of take-home pay and home-buyers with low credit ratings.
fha loan limits. The limits are set county by county. In areas that experienced high appreciation, the FHA loan limit may not be enough to allow you to purchase the home that you desire. Currently, FHA loan limits range from $271,050 up to $625,500, although the dollar limits vary from time to time.
What are the different types of FHA loans? As mentioned, there are several types of FHA loans available to serve a variety of purposes. Here are the main types of FHA loans available. fixed rate. fixed-rate mortgages are the most common type of FHA loan. Like other fixed-rate mortgages, the interest rate will not change over the life of the loan.