Loan Options

FHA

Minimium 3.5% down payment, great for First Time Home Buyers
Credit scores down to 580.

VA

For veterans and active duty military
0% down payment
No mortgage insurance
No county loan limits as of 2020

USDA

On eligible properties.
0% down payment, offers 100% financing and in some cases it will cover closing costs.

Conventional

3% or more down payment options

203 (k)

FHA loan program, one mortgage for the rehabilitation and repair of the property

Jumbo

Anything above conforming loan limits

Non-QM

For those that don't fit in the traditional lending guidelines and need other options

Down payment assistance programs

CHENOA Fund
State Bond programs
All offer as little as 0% down payment

Apply Now

SHOULD I PREQUALIFY FOR A LOAN?

Prequalifying for a loan is a valuable step in the loan application process. Prequalifying let’s you know how much you can afford, so you start your home search with knowledge in hand. It can give you peace of mind and help you find the right home to fit your budget.

Why Should I Get Pre-Qualified?

A pre-qualification is a must when house shopping! Without it, it’s like going to the market without your wallet. You can’t buy anything! So what does getting pre-qualified really mean? It means you know how much house you can comfortably afford to buy. Getting pre-qualified is simple and FREE!

A pre-qualification is by a lender, just like iServe Residential Lending, LLC. Through documentation that you provide, it is determined more accurately what you will qualify for which in turn means you know how much house you can afford to buy. You may now ask yourself, why is getting pre-qualified so important? Here are a few reasons.

REASON 1

The seller is more willing to take your offer seriously!
With a pre-qualification, you can make an offer on a home confidently. The offer will include your pre-qualification so the seller knows that you are actually able to buy their home. It minimizes the risk to the seller and the waste of time with selling their house.

REASON 2

Your loan will process faster!
Because you have received your pre-qualification, you have gotten a jump start on the process for applying for a home loan which is fantastic news! This means it will be less likely you will incur hold ups when buying your home. You should experience a nice, smooth, hopefully stress free as possible, home buying process and meet all of your necessary deadlines.

REASON 3

You will be ahead of other buyers!
Believe it or not, only about 10% of people actually go through the pre-qualification process. Most people truly don’t understand the importance of the pre-qualification when buying a home. The good news is, in this competitive market with multiple offers on homes, you’ll be ahead of the pack!

Now don’t’ worry... the process is easy, fast and FREE!

You will need these documents to get started today:

Pay stubs
Last 2 years’ W-2s
Last 2 federal returns
2 months’ worth of bank statement for all types of accounts
Your credit report

Assistant

Our Free Assistant is designed to help narrow down your loan options. It’s quick & easy.

-0%1%2%3%4%5%6%7%8%9%10%11%12%13%14%15%16%17%18%19%20%21%22%23%24%25%26%27%28%29%30%31%32%33%34%35%36%37%38%39%40%41%42%43%44%45%46%47%48%49%50%51%52%53%54%55%56%57%58%59%60%61%62%63%64%65%66%67%68%69%70%71%72%73%74%75%76%77%78%79%80%81%82%83%84%85%86%87%88%89%90%91%92%93%94%95%96%97%98%99%100%