Buying a home? Let Quality Financial Solutions get you pre-approved and find you a mortgage at the lowest available rate.

No other mortgage company can get you the loan you want and the money you need faster and easier. We have access to hundreds of mortgage loan programs and we can have you approved in as little as one hour.

Fixed Rate Mortgages:

Fixed Principal/Interest Programs over the life of the loan Wide Variety of Loan Terms to fit your needs 30 Years 20 Years 15 Years 10 Years Loan Amounts up to 2 million dollars

Adjustable Rate Mortgages:

Low Interest Rate to start Conversion Options available

No matter what your credit history or income situation may be,
Quality Financial Solutions will find a loan for you.

Section 203(k) insurance enables homebuyers and homeowners to finance either (or both) the purchase and/or refinancing of their home including the cost of its repair and upgrades through an individual mortgage. It allows them to finance the repairs or upgrades of their existing homes.

This kind of mortgage (203k) fills a specific and crucial need for homebuyers. When purchasing a home that needs some repair or modification, homebuyers typically have to follow a complex and often prohibitively costly process. Loans required for this kind of homebuyer usually have high interest rates, balloon payments, and short payment terms. 203(k) offers a solution that helps the buyer by providing a single, long term (fixed or adjustable) rate loan that helps to cover the purchase and the repair and upgrading of the property.

Here are some things you should know about the 203(k) mortgage:

Section 203(k) covers the purchase or rehab of a home that is at least one year in age The loan proceeds are used to pay the seller of the home while the remainder is placed in escrow and released as the rehab process is completed The cost of the repairs or rehabilitation of the home must be at least $5,000.00 There is no specific maximum repair amount and will depend upon the scope of the work

The section 203(k) mortgage fits a unique need and has many benefits and uses for homebuyers. Our qualified mortgage professionals are standing by to help guide you through this task that may be very confusing if going through it for the first time.

A conventional loan is a mortgage that is not guaranteed or insured by any government agency. The loans are often insured by private mortgage insurance (PMI) if the down payment is less than 20 percent of the value of the mortgaged property. Conventional loans can be fixed rate or adjustable rate mortgages.

The cornerstone of the FHA’s mortgage insurance program is the Section 203(b) - this program is the successor to the program that spared homeowners from default back in the 1930's. In turn this program helped returning veterans acquire homes in the 1940's and 50's. This also helped to shape the modern mortgage finance system we use in the United States today.

Today, the FHA single to four family mortgage insurance program is still a crucial tool by which the Federal Government enables first time home buyers to purchase a home. Without this program, in many cases, these first time home buyers would not be able to qualify for an affordable mortgage with conventional terms.

Here are some things you should know about the program:

Lower down payment requirements - conventional mortgages often require a down payment of 5% of more. With a single family mortgage insured by the FHA under section 203(b) down-payments as low as 3.5% are a possibility Limited fees - FHA puts a limit on some fees lenders may charge a home buyer. For example: the origination fee charged by the lender may not be greater than 1% of the total amount of the mortgage HUD puts limits in place that puts a cap on the maximum amount that may be insured Flexible credit requirements

If you are a first time home buyer then the 203(b) may be the best option for you. There is, of course, a lot of other information you will need to make a truly educated decision as to which loan type is right for you. Our qualified mortgage professionals are standing by to help guide you through this task that may be very confusing if going through it for the first time.

You will receive a financing analysis for the property you are interested in purchasing. This details your down payment requirements, mortgage payment, interest rate, real estate taxes and common charges.

We offer prompt mortgage pre- approvals and bank commitments and encourage one-on-one consultations to discuss loan programs and different financing structures that best suit your individual needs.

All our loan programs are eligible for First Time Home Buyers. However, one may be more appropriate for your current financial situation. Contact one of our licensed loan specialists to decide which loan is best for your specific needs.

A VA (or Veterans Affairs) Loan is guaranteed by the United States Dept. of Veterans Affairs. This loan was designed to offer long-term financing to qualified Veterans or their surviving spouses. The elementary purpose of the VA loan program is to provide home financing options to eligible individuals in places where private loans are not generally a viable option and to assist veterans with purchasing properties with no down payment needed.

So you might ask - who is eligible?

Veterans of war Active duty personnel Specific members of the reserve and National Guard Surviving spouses of those who die on active duty or die as a result of service associated injuries or disabilities Spouses of active duty personnel who are a) Captured during their service b) Detained by a foreign power c) MIA (Missing in action)

Here are some of the benefits of the VA (Veterans Affairs) program:

Homes can be purchased without the need for a down payment - as long as the sales price is not greater than the appraised value. There will be no need for private mortgage insurance VA rules limit closing costs charges Closing costs can be paid by the seller of the home There is no penalty fee for paying off the loan early There may be some assistance available to you if you have trouble making the payments

Here are some more things you should know about VA loans:

You are not required to be a first time home buyer You can reuse the benefit on multiple occasions VA-type loans are assumable - providing that the person assuming the VA loan meets the qualifications

If you are fit the qualifications above then the VA loan may indeed be your best option for a loan. There is, of course, a lot of other information you will need to make a truly educated decision as to which loan type is right for you. Our qualified mortgage professionals are standing by to help guide you through this often confusing and intimidating task.