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 550
-
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 homowners find a mortgage they can manage.
That’s why we’re a 5-Star rated lender on Zillow.
-
Excellent Ms. Melissa Hill was excellent, she answered all my calls and questions. I enjoyed working with her. I would recommend her to my family and friends. Ms Hill Thank you for your time and consideration. ... read moreMs. Melissa Hill was excellent, she answered all my calls and questions. I enjoyed working with her. I would recommend her to my family and friends. Ms Hill Thank you for your time and consideration. I appreciate you and all you do 👍💯✔😊 read less
vickie bridges1 month agoOk Very helpful any question I asked he answered right away. I recommend to anyone to work with him. He told me he was going to complete my refinance and he did it.
noequiroz04691 month ago -
Muy buen travajo Gracias por sus servicios fue excelente carlos 👍 los recomendaria con otras personas para que puedan contar con sus servicio y los de carlos Martinez
MelvinMMerino1 month agoMy wife and I had a GREAT experience with Homespire and more specifically Neil Kantor My wife and I had a GREAT experience with Homespire and more specifically Neil Kantor. Neil handled everything with care and speed. We have no complaints about our home buying experience. Neil took us... read moreMy wife and I had a GREAT experience with Homespire and more specifically Neil Kantor. Neil handled everything with care and speed. We have no complaints about our home buying experience. Neil took us smoothly through the process. read less
BruceConward1 month agoVery helpful, great rate Val and her team were extremely helpful throughout our refinancing process. She was professional, friendly, and helped us get a great rate. I would strongly recommend her - and already have, to severa... read moreVal and her team were extremely helpful throughout our refinancing process. She was professional, friendly, and helped us get a great rate. I would strongly recommend her - and already have, to several friends and family members. read less
user37366731 month ago -
Wonderful experience I had a wonderful experience working with David, and am so appreciative of all that he did while assisting me. David was super fast and efficient in making sure I received all necessary documents for ... read moreI had a wonderful experience working with David, and am so appreciative of all that he did while assisting me. David was super fast and efficient in making sure I received all necessary documents for my loan closing. David also made sure I understood all terms and conditions of the loan by explaining everything to me thoroughly. I am thankful for David making this a smooth and easy process for me. I would recommend David to all of my family and friends, he was truly amazing. read less
Jessica sorto1 month agoNeil the Best Neil and his team came through less than two weeks to close my loan. No issues, discrepancies, hidden fees. I can only recommend him to assist you.
Lisa Spruiell1 month agoHOMESPIRE TEAM THE BEST! I’m very happy with the results that Adrian and he’s team are able to provide:-) they are súper profesional and reliable, I could recommend them with my eyes close to anybody that wants stuff done the... read moreI’m very happy with the results that Adrian and he’s team are able to provide:-) they are súper profesional and reliable, I could recommend them with my eyes close to anybody that wants stuff done the right way, they’re the best specially Adrian, He’s The best and won’t rest until he’s mission it’s done:-) Thanks again! read less
user370998231 month ago -
A Pleasure to work with Valentina and her team were absolute rockstars with helping me purchase my first condo! From the beginning they made this journey completely smooth and as stress-free as one can be during a pandemic! ... read moreValentina and her team were absolute rockstars with helping me purchase my first condo! From the beginning they made this journey completely smooth and as stress-free as one can be during a pandemic! I can't epress enough how great it was working with her and her team and would highly recommend them to anyone looking for a lender! read less
Al Claxton1 month ago10/10 If you're looking for a reliable and fast home loan experience, then go to Neil & his team at Homespire. My wife and I were looking for our first home and nervous about the process. At the recommendat... read moreIf you're looking for a reliable and fast home loan experience, then go to Neil & his team at Homespire. My wife and I were looking for our first home and nervous about the process. At the recommendation of our agent, we reached out to Neil for our first pre-approval. Within 24 hrs, over the weekend no less, we had our pre-approval letter. That's indicative of the kind of service you'll get from Neil, start to finish. Not to mention, his closing costs & rates were lower than others in the area. read less
James1 month agoGreat support for first time homebuyers, rates and service can't be beat Working with Val and her team made buying our first home a great experience. She is very organized, has a great team supporting her and was one step ahead at each step in the process. We would highly ... read moreWorking with Val and her team made buying our first home a great experience. She is very organized, has a great team supporting her and was one step ahead at each step in the process. We would highly recommend working with her! read less
Emmy1 month ago -
Val was wonderful to work with, highly recommend! Val was wonderful to work with. She was extremely responsive and personable, and was able to get us pre-approved within 24 hours so we could submit an offer on a short deadline. As a first-time home b... read moreVal was wonderful to work with. She was extremely responsive and personable, and was able to get us pre-approved within 24 hours so we could submit an offer on a short deadline. As a first-time home buyer, she was always available to answer questions via text, call or email. She was able to secure us an incredible rate and made the entire process seamless and easy. We highly recommend working with Val and and will definitely look to her when we're looking to buy again in the future. read less
Jeff1 month agoFirts time buyers Carlos Martinez and his team made our experience of first time buyers easy and trustworthy. He give us the loan to fit our budget. Thanks to them we got our perfect single home.
Xiomara Rivera1 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.