Loan Options
Mortgages Are Not
One-Size-Fits-All
There are a variety of loan options available for every situation. What’s most important
to us is finding a mortgage that’s right for you.
Loan Options
- FHA Loan
- Fixed Rate
- Adjustable Rate Mortgage
- VA Loan
- USDA Loan
- Renovation Loans
- 15 Year Mortgage
- 100% Financing
- Jumbo Loans
- Down Payment Assistance
- Cash Out Refinance
- Debt Consolidation Refinance
- Streamline Refinance
FHA Loan
The most popular loan option for first time homebuyers. Purchase your home with as little as 3.5% down with a Federal Housing Administration loan.
-
Only 3.5% down payment needed
-
Qualify with a credit score as low as 600
-
Fewer restrictions make it easier to qualify
-
Insured by the Federal Housing Administration
Conventional & Fixed Rate
Stick to your budget with a loan that’s simple and straightforward. A 30-year fixed rate mortgage is the most popular home loan option available. It is ideal for home buyers because of its straightforward structure and its predictable and steady monthly payment. With a 30 year fixed-rate mortgage, it is easy to set your budget because your total payment of principle and interest remain unchanged for the entire term of the loan.
-
Security and peace of mind with a monthly payment that does not change
-
Purchase your home with a down Payment as low as 3%
-
Interest remains unchanged for entire term of the loan
-
Ideal if you plan to stay in your home for years to come
Adjustable Rate
Take advantage of the lowest rates possible with an Adjustable Rate Mortgage. An adjustable rate mortgage, also referred to as an ARM or variable rate, is a loan option with a low introductory rate. The interest rate with this mortgage will adjust over time (typically 5 to 7 years). Depending on changes in the financial index associated with your loan, your monthly payment will either increase or decrease.
-
Take advantage of a low introductory mortgage rate
-
Enjoy low initial monthly payments
-
Ideal for those planning on moving within a few years
-
Pay off your mortgage with no penalties
For example, loan amount of $240,000, 30 year 5/1 adjustable rate loan 3.50% (3.353% APR) with LTV of 80%, monthly payment of $1,077.71. Taxes and homeowners insurance not included.
Limitations on Interest Rate Payment Changes. Your interest rate will not increase or decrease on the first change date by more than 2.00 percentage points from the initials interest rate excluding any buydown. After the initial adjustment period, your interest rate will not increase or decrease by more than 2.00 percentage points per year. Your interest rate cannot increase more than 5.000 percentage points above the initial interest rate (excluding an buydown) over the life of the loan.
VA Loans
A VA Loan lets you purchase your home with zero down and fewer restrictions. It’s designed specifically to help you purchase a home with fewer restrictions and with little to no down payment. The Veterans Affairs (or VA) loan is governed by the United States Department of Veterans’ Affairs and offers lower rates and lower payments.
-
100% financing available
-
No monthly mortgage insurance
-
Lower interest rates and fees
-
Fewer credit restrictions
USDA Loan
You just might be surprised at how many areas in the United States are designated for USDA loans. The USDA (United States Department of Agriculture) loan, also known as a Rural Development loan is ideal for new home buyers purchasing a home in one of these designated USDA rural areas because of its low rates, no money down and 100% financing to qualified buyers. With zero required down payment this loan is perfect for home buyers who are concerned with funding and meeting the qualifying income requirements of a conventional loan.
-
No money down required
-
100% financing available for qualified buyers
-
Take advantage of a lower interest rate
-
Own a home in a designated USDA area
Renovation Loans
Whether you’re buying a fixer upper or looking to add value to your current home, we’ve got the right loan option for your home improvement project.
-
Finance your home purchase and repairs in one loan
-
Low down payment options and credit score requirements
-
Build equity immediately after repairs are completed
-
Competitive interest rates compared to other loans
15 Year Mortgage
In a 15-year fixed rate mortgage, you will be able to take advantage of a lower interest rate than you would with a 30-year fixed rate mortgage and you’ll own your home quicker too! It is a great way to save! A lower interest rate and a shorter term means that you will save thousands in interest over the life of your loan.
-
Take advantage of a lower interest rate
-
Save thousands on interest over the life of your loan
-
Gain 3x the paid equity compared to a 30-year mortgage
-
Pay off your mortgage faster
100% Financing
Purchase your dream home with no money down. Homespire Mortgage is proud to offer our new 100% financing program to help you open the doors to homeownership. Our new 100% Financing Program is an affordable housing option created to help home buyers purchase a home with little to no investment. Eligible home buyers can receive down payment assistance.
-
Down payment assistance up to 3.5% amortized second mortgage
-
Minimum credit requirement of 640
-
30 Year fixed FHA mortgage
-
No first-time home buyer requirement
Jumbo Loans
Dream bigger with a Jumbo Loan from Homespire Mortgage. If you're planning on purchasing a high-value property, you may consider a Jumbo Loan. At Homespire Mortgage, our Jumbo Loans allow 95% loan-to-value financing with loan amounts up to $2.5 million. Imagine a Jumbo Loan without the jumbo down payment!
Down Payment Assistance
Did you know there are over 2,500 down payment assistance programs nationwide that will give you free money for a down payment on your home? Homespire Mortgage is proud to participate with various federal, state, county, and city governments that offer down payment assistance programs for eligible home buyers. Talk with a Loan Officer to find out if you are eligible for any local programs and how much assistance you can receive for your down payment.
Cash Out Refinance
Take advantage of your home’s equity and get cash at closing to use where you need it most with a cash-out refinance. This is money that’s sitting in your home! This may be the perfect opportunity to knock out some home improvements, pay college tuition, or pay off high interest credit card debt.
-
Mortgage debt can be repaid over a longer period of time (up to 30 years) compared to other debts like medical expenses, credit cards, and student loans.
-
With home values on the rise, tapping into your existing equity could mean more cash in hand than you expected when you first bought your home.
-
Mortgage interest is tax-deductible, by consolidating other debts into your mortgage you may be able to deduct the interest paid on it.
Debt Consolidation Refinance
A debt-consolidation refinance allows you to move all your debt to one place: your mortgage. Get rid of deferring due dates and put all your debt in one low monthly payment.
-
Take advantage of low mortgage rates and pay off your higher-interest debt with a ‘cash out’ refinance.
-
Move all your debt to one place: your mortgage. Get rid of deferring due dates and put all your debt in one low monthly payment.
-
Get rid of high-interest on credit card debt. You’ll end up paying much less each month and in many cases, the interest is usually tax deductible.
Streamline Refinance
It’s easy and straightforward to lower your monthly payment. Take advantage of today’s low mortgage rates and put more money back in your pockets! Just a small reduction on your mortgage rate can significantly lower your monthly mortgage payment.
-
Refinancing to a lower rate means that you will enjoy a lower monthly payment
-
Just a small reduction on your mortgage rate can significantly lower your monthly mortgage payment
-
Refinancing changes the terms of your mortgage which can also save you money in the long-run
FHA Loan
FHA Loan
The most popular loan option for first time homebuyers. Purchase your home with as little as 3.5% down with a Federal Housing Administration loan.
- Only 3.5% down payment needed
- Qualify with a credit score as low as 550
- Take advantage of lower mortgage insurance premiums
- Security of a government backed loan
Fixed Rate
Conventional & Fixed Rate
Stick to your budget with a loan that’s simple and straightforward. A 30-year fixed rate mortgage is the most popular home loan option available. It is ideal for home buyers because of its straightforward structure and its predictable and steady monthly payment. With a 30 year fixed-rate mortgage, it is easy to set your budget because your total payment of principle and interest remain unchanged for the entire term of the loan.
-
-
Security and peace of mind with a monthly payment that does not change
-
-
Purchase your home with a down Payment as low as 3%
-
-
Interest remains unchanged for entire term of the loan
-
-
Ideal if you plan to stay in your home for years to come
Adjustable Rate Mortgage
Adjustable Rate
Take advantage of the lowest rates possible with an Adjustable Rate Mortgage. An adjustable rate mortgage, also referred to as an ARM or variable rate, is a loan option with a low introductory rate. The interest rate with this mortgage will adjust over time (typically 5 to 7 years). Depending on changes in the financial index associated with your loan, your monthly payment will either increase or decrease.
- Take advantage of a low introductory mortgage rate
- Enjoy low initial monthly payments
- Ideal for those planning on moving within a few years
- Pay off your mortgage with no penalties
For example, loan amount of $240000.00, 30 year 5/1 adjustable rate loan 3.50% (3.353% APR) with LTV of 80%, monthly payment of $1077.71. Taxes and homeowners insurance not included.
Limitations on Interest Rate Payment Changes. Your interest rate will not increase or decrease on the first change date by more than 2.00 percentage points from the initials interest rate excluding any buydown. After the initial adjustment period, your interest rate will not increase or decrease by more than 2.00 percentage points per year. Your interest rate cannot increase more than 5.000 percentage points above the initial interest rate (excluding an buydown) over the life of the loan.
VA Loan
VA Loans
A VA Loan lets you purchase your home with zero down and fewer restrictions. It’s designed specifically to help you purchase a home with fewer restrictions and with little to no down payment. The Veterans Affairs (or VA) loan is governed by the United States Department of Veterans’ Affairs and offers lower rates and lower payments.
-
-
100% financing available
-
-
No monthly mortgage insurance
-
-
Lower interest rates and fees
-
-
Guaranteed by the VA
USDA Loan
USDA Loan
You just might be surprised at how many areas in the United States are designated for USDA loans. The USDA (United States Department of Agriculture) loan, also known as a Rural Development loan is ideal for new home buyers purchasing a home in one of these designated USDA rural areas because of its low rates, no money down and 100% financing to qualified buyers. With zero required down payment this loan is perfect for home buyers who are concerned with funding and meeting the qualifying income requirements of a conventional loan.
-
-
No money down required
-
-
100% financing available for qualified buyers
-
-
Take advantage of a lower interest rate
-
-
Own a home in a designated USDA area
Renovation Loans
Renovation Loans
Whether you’re buying a fixer upper or looking to add value to your current home,
we’ve got the right loan option for your home improvement project.
-
-
Finance your home purchase and repairs in one loan
-
-
Low down payment options and credit score requirements
-
-
Build equity immediately after repairs are completed
-
-
Competitive interest rates compared to other loans
15 Year Mortgage
FHA LOAN
The most popular loan option for first time homebuyers. Purchase your home with as little as 3.5% down with a Federal Housing Administration loan.
-
-
Only 3.5% down payment needed
-
-
Qualify with a credit score as low as 550
-
-
Take advantage of lower mortgage insurance premiums
-
-
Security of a government backed loan
100% Financing
FHA LOAN
The most popular loan option for first time homebuyers. Purchase your home with as little as 3.5% down with a Federal Housing Administration loan.
-
-
Only 3.5% down payment needed
-
-
Qualify with a credit score as low as 550
-
-
Take advantage of lower mortgage insurance premiums
-
-
Security of a government backed loan
Jumbo Loans
FHA LOAN
The most popular loan option for first time homebuyers. Purchase your home with as little as 3.5% down with a Federal Housing Administration loan.
-
-
Only 3.5% down payment needed
-
-
Qualify with a credit score as low as 550
-
-
Take advantage of lower mortgage insurance premiums
-
-
Security of a government backed loan
Down Payment Assistance
FHA LOAN
The most popular loan option for first time homebuyers. Purchase your home with as little as 3.5% down with a Federal Housing Administration loan.
-
-
Only 3.5% down payment needed
-
-
Qualify with a credit score as low as 550
-
-
Take advantage of lower mortgage insurance premiums
-
-
Security of a government backed loan
Cash Out Refinance
Cash Out Refinance
Take advantage of your home’s equity and get cash at closing to use where you need it most with a cash-out refinance. This is money that’s sitting in your home! This may be the perfect opportunity to knock out some home improvements, pay college tuition, or pay off high interest credit card debt.
- Mortgage debt can be repaid over a longer period of time (up to 30 years) compared to other debts like medical expenses, credit cards, and student loans.
- With home values on the rise, tapping into your existing equity could mean more cash in hand than you expected when you first bought your home.
- Mortgage interest is tax-deductible, by consolidating other debts into your mortgage you may be able to deduct the interest paid on it.
Debt Consolidation Refinance
Debt Consolidation Refinance
A debt-consolidation refinance allows you to move all your debt to one place: your mortgage. Get rid of deferring due dates and put all your debt in one low monthly payment.
- Take advantage of low mortgage rates and pay off your higher-interest debt with a ‘cash out’ refinance.
- Move all your debt to one place: your mortgage. Get rid of deferring due dates and put all your debt in one low monthly payment.
- Get rid of high-interest on credit card debt. You’ll end up paying much less each month and in many cases, the interest is usually tax deductible.
Cash Out Refinance
Streamline Refinance
It’s easy and straightforward to lower your monthly payment. Take advantage of today’s low mortgage rates and put more money back in your pockets! Just a small reduction on your mortgage rate can significantly lower your monthly mortgage payment.
- Refinancing to a lower rate means that you will enjoy a lower monthly payment
- Just a small reduction on your mortgage rate can significantly lower your monthly mortgage payment
- Refinancing changes the terms of your mortgage which can also save you money in the long-run
Why Clients Love Us
We’ve helped thousands of homeowners find a mortgage they can manage.
See what our clients have to say on Social Survey.
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Quick and smooth process We had to close in 15 days, and Neil’s team was constantly following up with us about all the necessary documents. They helped us with advice and made sure we’ve gotten our loan on time.
Elena4 days agoI feel all the time that I was in good hands In addition to the professional work of Valeria, her integrity and caring for my needs and the fulfillment of the processes keeping me in peace of mind gave me certainty that I was in good hands all t... read moreIn addition to the professional work of Valeria, her integrity and caring for my needs and the fulfillment of the processes keeping me in peace of mind gave me certainty that I was in good hands all the time. I fully recommend her extra mile in caring about lending needs. read less
Alejandro Pardo5 days agoPrestamo de vivienda Estamos muy felices de conocer este equipo de trabajo. Muy profesionales, siempre estan disponibles para responder o ayudar con tus dudas. Nos apoyaron en cada paso hasta llegar al cierre de nuestra c... read moreEstamos muy felices de conocer este equipo de trabajo. Muy profesionales, siempre estan disponibles para responder o ayudar con tus dudas. Nos apoyaron en cada paso hasta llegar al cierre de nuestra compra. Apoyan Mucho nuestra comunidad latina, muy agradecia por este proceso, emocionante pero complejo, definitivamente ellos lo hicieron sentir mas facil. read less
alejandra Rodriguez6 days ago -
She was the best help in our home buying process Valeria is an excellent professional who is always willing to help and look for ways out of difficulties.
She is always looking for the client to get the best conditions for their loan. And in our c... read moreValeria is an excellent professional who is always willing to help and look for ways out of difficulties.
She is always looking for the client to get the best conditions for their loan. And in our case, her advice has been vital for us to be able to buy a house.
We have recommended her to friends and family and they have all been satisfied. read lessAngela Rey6 days agoCompleted transaction in May 2022 in Spring Hill, FL. Juan and his team made it happen too get the loan,WE are the way too Florida Spring Hill Thank you Home spire great job.We will recommend other folks that are looking for Mortgage Loan .
Elliot69gto1 week agoExcellent Adrian make this happening! He is hard worker and was in control ongoing the loan. I liked that he gave me several options to work with. I like the communication between his team. All of them has the ... read moreAdrian make this happening! He is hard worker and was in control ongoing the loan. I liked that he gave me several options to work with. I like the communication between his team. All of them has the knowledge to answer me all my questions.
I’m impress I liked doing business with him! read lessJoseticas141 week ago -
Completed transaction in May 2022 in Winter Garden, FL. Juan and his staff were extremely helpful and made what is normally a stressful time sail by smoothly. Becky was also exceptional. Everyone was available when needed and prompt to return all messages ... read moreJuan and his staff were extremely helpful and made what is normally a stressful time sail by smoothly. Becky was also exceptional. Everyone was available when needed and prompt to return all messages and address all questions and concerns quickly and in a way we could understand easily. Great team effort. Thanks again! read less
grusso19691 week agoThey are the best We are very happy with your work, great team, everything went as expected! the best everything very good organization with your team excellent interest rates
PerlaLopez742 weeks agoGreat experience This is my first time buying a home, and everything is so scary and exciting. Adrian help me to calm down and trust the process he give me that confidence that I need to enjoy this. Thank you yer we’r... read moreThis is my first time buying a home, and everything is so scary and exciting. Adrian help me to calm down and trust the process he give me that confidence that I need to enjoy this. Thank you yer we’re great! He went beyond everything. read less
benedinduarte19933 weeks ago -
Heather was great! Heather was very helpful as we were buying our first home. She was very easy to communicate with and always answered all our questions throughout the process. I highly recommend contacting Heather if ... read moreHeather was very helpful as we were buying our first home. She was very easy to communicate with and always answered all our questions throughout the process. I highly recommend contacting Heather if you’re looking to to get a mortgage read less
zuser2021110911523283 weeks agoBest Mortgage Lender in the DMV area. I can confirm that it was nothing short of a great experience to have had Joey Bronstein as my loan officer when purchasing my first home. As an armed service Veteran, I contacted multiple banks with ... read moreI can confirm that it was nothing short of a great experience to have had Joey Bronstein as my loan officer when purchasing my first home. As an armed service Veteran, I contacted multiple banks with questions about my VA benefits for a Mortgage loan and wasn't confident with their responses or knowledge base regarding the process. I was referred to Joey, and after my first call with him, I knew that he was the person I could trust to help me with this process from start to finish. Joey had the answers to any questions or concerns I had during the process and was always responsive no matter the time or the day. He worked with my realtor, the title company and the seller's realtor to answer any questions, concerns or provide documentation they needed to help this process go as smooth as possible without having me get involved unless I had documents to review and sign.
And let's not forget, that he was able to lock-in & beat the competitive mortgage rates for a VA loan at that time by .40% when bank rates jumped by 50 basis points during the 3rd week of March 2022. For that we are grateful!
Working with Joey and his team (Suzanne & Amanda) to secure a Mortgage Loan was a very stress-free and a smooth process from start to closing. My Partner and I will be recommending him to our friends and families that are interested in securing a mortgage. We will definitely be using him in the future. read lessaaron bout3 weeks agoKevin Patrick/Homespire & team will always be my #1 choice is mortgage lending Kevin is very pleasant to work with, he provided several options for me when refinancing my house and helped me select the best option for my circumstances. He was very easy to contact and stayed in c... read moreKevin is very pleasant to work with, he provided several options for me when refinancing my house and helped me select the best option for my circumstances. He was very easy to contact and stayed in constant communication with me throughout the whole process. Additionally, his entire staff was very knowledgeable, helpful and courteous. Kevin and Homespire will always be my first option for any mortgage needs. read less
CLMorgan4 weeks ago -
Very nice person Mr. Mo Bani is very hard working men. he is very humble. he is very knowledgeable. he is very helpful men. he help me to close very fast. quick service. really he is very nice person. thanks Mr. Mo Ba... read moreMr. Mo Bani is very hard working men. he is very humble. he is very knowledgeable. he is very helpful men. he help me to close very fast. quick service. really he is very nice person. thanks Mr. Mo Bani. read less
atul nayee1 month agoMuy bien! Excelente manejo de tiempos, muy buena comunicacion y siempre muy claro. Cerramos rapido para evitar cobros adicionales y eso me gusto mucho porque no solo ahorre en dinero sino en tiempo.
Adrian tien... read moreExcelente manejo de tiempos, muy buena comunicacion y siempre muy claro. Cerramos rapido para evitar cobros adicionales y eso me gusto mucho porque no solo ahorre en dinero sino en tiempo.
Adrian tiene un gran conocimiento y siempre busco lo mejor para mi y mi familia confio en el y lo recomiendo. read lessmarialetici19741 month agoExcellent Exceptional. Professional Carlos and his team were great people and very professional, their attention to detail was amazing and very helpful. I reccomend them to anyone that wants to buy a home. They are very effecient and ex... read moreCarlos and his team were great people and very professional, their attention to detail was amazing and very helpful. I reccomend them to anyone that wants to buy a home. They are very effecient and excellent people to work with
! read lessnoraidominguez1 month ago
Stop throwing away money on rent.
You may be able to own a home for as much as you
pay in rent. Let us do the math.