Loan ProgramsThe following is a partial list of programs offered by Guardian Mortgage Partners, LLC with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 301-656-5600.
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Conventional
Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.
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Government Programs (FHA/VA)
Numerous loans are available under these programs. Intended for the low/moderate income and veteran borrowers. 100% financing or minimal down payment is available. Income and loan amount limits do apply.
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90% Rate or Term Re-Financing
For the customer wanting to obtain a lower interest rate. Loans are based on a maximum of 90% of appraised value.
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Construction/Perm Loans
Offers a one time closing for those who are building their homes themselves. During construction the loan is at a floating rate, which is converted to a fixed or adjustable rate after completion.
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Down Payment Assistance
First time homebuyers who meet the income requirements can qualify for the following: Mississippi Home Corp. Bond Money, Down Payment Assistance, and Mortgage Credit Certificate.
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100% RHCD
This program provides 100% financing for homebuyers who have not owned a house in the past three years. HUD has limitations on the loan amount due to geographical location. The loan amount can be for 100% of the appraised value. Income limits do apply.
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Second Home
A program for the homebuyer wishing to purchase a vacation home. This purchase can be financed up to 90% depending on the loan amount.
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Investor/Rental Property
Buyers who are looking to generate rental income by purchasing these types of properties. Multiple property ownership is allowed under certain programs. Financing up to 90% is available.
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No Income Verification
This offers the self employed borrower or special borrower who wish not to provide tax returns, P&L's, or pay stubs to finance 80% on a refinance or 90% on a purchase.
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Non-Conforming
For customers with bruised credit or debt ratios up to 50%. Loans with LTV's of 90% and over $500,000 are available.
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Balloon/ARM's
These programs are intended for the homebuyer who feels they will only occupy the property for a short period of time.
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