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Loan Type

Loan Program Loan Highlights
USDA
U.S.Department of Agriculture
• 100% Financing
• Flexibility to finance closing costs
• Eligible areas only
• Income limitations
• Flexibility to finance closing costs
FHA
Federal Housing Administration
• 3.5% Down Payment
• Fixed Rates
• Purchase or Refinance
• Can be flexible with previous credit issues.
• Manufactured Homes are eligible
VA
Veterans Administration
• 100% Financing
• No Mortgage Insurance
• Can be flexible with previous credit issues
Conventional
• Lower Rates
• Fixed & ARM programs
• Second Homes
• Investment Properties
• Variety of loan programs
• No Mortgage Insurance with 20% down payment.
Fannie Mae HomePath®
• Specific for eligible Fannie Mae foreclosures
• NO PMI (Private Mortgage Insurance)
• NO Appraisal Required
• Primary Residences, 2nd homes, & Investment Properties
Jumbo Loans
• Loan amounts above $417,000
• Fixed & ARM programs
• Primary and Second Homes
• Larger down payment requirements.
HARP Refinance
• Great solution for homes with no or low equity
• No mortgage late payments in the past 12 months
• Current mortgage must have closed on or before 5/31/09
• Advantages for shorter terms such as a 20 or 15 year term
Manufactured Homes
• FHA and VA Loans available
• Doublewides or larger
• Must meet all HUD structural and foundation requirements
• Must own the land (No Rental Parks)
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© 2017 Metroplex Mortgage Services, All Rights Reserved

We lend in the following states: Alabama, Florida, Tennessee & Texas. Any loan program may require sufficient equity and certain conditions may apply.
As a VA Approved lender, we are not endorsed or affiliated with the Department of Veteran Affairs. As a USDA Approved lender, we are not endorsed or affiliated by the U.S. Department of Agriculture.