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OUR MORTGAGES ARE CREATIVE + PERSONALIZED


FHA LOAN

FHA is a mortgage that's insured by the Federal Housing Administration. (FHA)  Borrowers must pay mortgage insurance premiums, which protects the lender if a borrower defaults. Borrowers can qualify for an FHA Loan with a down payment as little as 3.5% for a credit score of 580 or higher. 

VA LOAN

The VA loan is a $0 down payment mortgage option available to Veterans, Service Members and select military spouses. VA loans are issued by private lenders and guaranteed by the U.S. Department of Veterans Affairs (VA).

USDA LOAN

USDA guaranteed home loans can fund only owner-occupied primary residences. Other eligibility requirements include: U.S. citizenship (or permanent residency) A monthly payment — including principal, interest, insurance and taxes — that's 29% or less of your monthly income.

NON-CONFORMING

A non-conforming borrower may also be able to qualify for a non-conventional loan, such as one insured by the Federal Housing Administration (FHA). The FHA works with applicants with lower credit scores, higher debt-to-income ratios or those who have a limited amount of funds to qualify for amortgage.

203k

An FHA 203k loan allows you to borrow money, using only one loan, for both home improvement and a home purchase. 203k loans are guaranteed by the FHA, which means lenders take less risk when offering this loan. As a result, it's easier to get approved (especially with a lower interest rate).

JUMBO LOAN

A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Unlike conventional mortgages, a jumbo loan is not eligible to be purchased, guaranteed or securitized by Fannie Mae or Freddie Mac.

ADJUSTABLE RATE MORTGAGE

A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. The loan may be offered at the lender's standard variable rate / base rate.

FIXED RATE MORTGAGE

A fixed-rate mortgage is a mortgage loan that has a fixed interest rate for the entire
term of the loan. Generally, lenders can offer either fixed, variable or adjustable rate mortgage loans with fixed-rate monthly installment loans being one of the most popular mortgage product offerings.

Let MDE Home Loans educate you throughout your Loan process

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NMLS # 174912    |     FAIR LENDER     |     FAIR HOUSING

Copyright © 2021 MDE Home Loans, LLC
Correspondent Residential Mortgage Lender
New Jersey Department of Banking and Insurance
www.nmlsconsumeraccess.org

Please consult your MDE Home Loans, LLC Loan Consultant for complete eligibility requirements and specific terms and conditions. Financing offered by MDE Home Loans, LLC. Company NMLS#174912. For more information about MDE Home Loans, LLC, and its licensing please visit www.mdehl.com. Provided for informational purposes only. This is not an offer to enter into an agreement and is not a commitment to lend. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations apply. Set up of tax and insurance escrows and prepaid taxes, insurance, and interest are not a closing cost. Excess escrows on current loans are returned and disbursed by your current servicer upon refinance.

HEADQUARTERS

766 Shrewsbury Avenue, East Bldg, Suite 204

Tinton Falls, NJ  07724

1.800.424.1250    |    info@mdehl.com

NMLS # 174912    |     FAIR LENDER     |     FAIR HOUSING

Copyright © 2021 MDE Home Loans, LLC
Correspondent Residential Mortgage Lender
New Jersey Department of Banking and Insurance
www.nmlsconsumeraccess.org

Please consult your MDE Home Loans, LLC Loan Consultant for complete eligibility requirements and specific terms and conditions. Financing offered by MDE Home Loans, LLC. Company NMLS#174912. For more information about MDE Home Loans, LLC, and its licensing please visit www.mdehl.com. Provided for informational purposes only. This is not an offer to enter into an agreement and is not a commitment to lend. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations apply. Set up of tax and insurance escrows and prepaid taxes, insurance, and interest are not a closing cost. Excess escrows on current loans are returned and disbursed by your current servicer upon refinance.