Prospect Mortgage has created an online library of videos that describe the various types of loans we offer.
Are you interested in purchasing a home? Are you considering a foreclosed property or a fixer upper but aren’t sure how to finance the renovations? Regardless of the type of home you are considering financing, Prospect Mortgage offers a full range of quality purchase and refinance home loans, including FHA & VA, Conventional, HomePath® Mortgage and Renovation Loans, 203(k) loans and more.
See our videos below for more information regarding the loans we offer. Please don’t hesitate to contact me with any questions you have.
Are you ready to become a homeowner? If you can afford mortgage payments but don’t have the funds available to cover a 20% down payment and closing costs, buying a HomePath® property may be a great option for you. Watch Video »
HA loans are not strictly for first-time homebuyers. The FHA home purchase loan program was once geared and marketed only toward first-time buyers or those with modest means, but not anymore. Watch Video »
Before you rack up a credit card bill that will end up costing you hundreds or thousands of dollars in interest for a home renovation project, look into acquiring a home renovation loan. Watch Video »
Homes owned by Fannie Mae can be purchased through a HomePath® Renovation loan. Watch Video »
Homebuyers have access to a special type of home renovation loan called a 203K loan, which can turn your fixer-upper into an amazing dream home. With these loans, you can make repairs, remodel, and update your home’s amenities, or purchase a home and finance the renovation costs all in one loan. Watch Video »
Here's a quick rundown of the types of properties that are eligible for the FHA 203k loan program.Single-family primary residences, including planned unit development homes, are allowed for these loans. This includes regular stand-alone houses, row homes, and homes in developments with association fees and shared common spaces. Watch Video »