Loan programs

Loan programs

Conventional Loans

These traditional mortgages are popular for a good reason: Stable monthly payments makes it easier to plan your financial future.

Conventional loans are popular as they typically offer favorable terms.

  • Fixed-rate and adjustable-rate options
  • Wide range of repayment terms
  • Down payments as low as 3%
  • Competitive interest rates
  • Minimum credit score of 620, in most cases
  • Other requirements and conditions apply

FHA Loans

FHA loans are an excellent option for first-time homebuyers and those who may not be looking to make a large down payment.

  • Lower credit score requirements
  • Lower down payment of at least 3.5%, in most cases
  • Fixed-rate and adjustable rate options
  • Other requirements and conditions apply

VA Loans

VA loans help millions of eligible military Veterans and active-duty personnel purchase or refinance their homes and provide 100% financing.

  • Lower interest rates and closing costs

  • No down payment requirement 

  • No private mortgage insurance required

  • Fixed-rate and adjustable-rate options

  • Available for first-time and repeat homebuyers

  • Variety of eligible VA-approved property types 

USDA Loans

The U.S. Department of Agriculture (USDA) is best known for supporting farmers and ranchers. But it also helps people buy homes without putting any money down.

 

  • 100% financing available

  • Lower interest rates

  • Down payments as low as 0%

  • Reduced closing costs

  • Lower credit requirements

  • Gift funds can be accepted

Jumbo Loans

Jumbo loans can help homebuyers purchase “more house,” such as luxury properties or vacation homes, without tapping into savings.

•    Designed for more expensive primary, second, or vacation homes
•    Fixed-rate and adjustable-rate options 
•    Wide range of repayment terms
•    Specialized programs with lower than 20% down payments 

Refinance Loans

Your home is great. But maybe your mortgage could use some work. Even if you aren’t planning a move, you might want to talk to us about upgrading your current loan.

  • Competitive rates
  • Choice of repayment plans
  • Fast application process
  • Friendly dedicated service from Mortgage Professionals

RISE (dscr) Loans

Whether you are just getting started with your investment portfolio, or an experienced investor, Supreme Lending’s RISE or Debt Service Coverage Ratio, may take you to the next level.

Program Highlights:

  • Loan amounts up to $3,000,000
  • First-time investors are eligible
  • Minimum 20% down payment required
  • No limit to the number of properties owned or financed

One-Time Close Loans

Supreme Lending offers Construction One-Time Close for Conventional, FHA, and VA loans. The One-Time Close program provides a 6-or 9-month term fixed-rate that allows interest-only payments while your builder completes your home sweet home – an affordable home financing option to fund your construction project.

Program Highlights

  • Maximum conforming limits apply
  • Loan amounts up to $806,500

FHA & VA

  • Primary Residences
  • Minimum 600 credit score

Conventional

  • Primary Residences:
    • Maximum Loan-to-Value (LTV) 95% for 720+ credit score
    • Maximum LTV 80% for the 700-720 credit score
  • Second homes
    • Maximum LTV 90% for 720+ credit score
  • Investment Properties
    • Maximum LTV 80% for 720+ credit score

Let’s Get You Pre-Qualified

We can get you started on your home financing journey and answer any questions you have about the home purchase or refinancing* process.

*By refinancing an existing loan, total finance charges may be higher over the life of the loan.

Consent: