A Variety Of Loan Options To Meet Your Needs.

We can help with all types of mortgage loans including traditional 15 or 30 year fixed rate mortgage loans. We also have a variety of adjustable rate mortgages (ARMs) if that is a better fit for you and your situation. If you require a more unique loan program such as a Jumbo Loan, manufactured home loan, 2/1 buydown, or government backed mortgage loan, we can help with those as well.

Our experienced and trusted loan officers are ready to help you choose the home loan program that best meets your needs. Let us help you explore your options.

Types of Loans We Offer.

Our experienced and trusted loan officers are ready to help you choose the home loan program that best meets your needs. Let us help you explore your options.

First Time Home Buyer Programs

Down Payment Assistance Programs

HELOC

Disaster Relief Loan

Jumbo Loan

VA Loan

FHA Loan

USDA Loan

Conventional Loan

HECM/Reverse

Multiple Bank Statement Programs &
Non-Conforming Options

At PRMI, we have the necessary knowledge of the local market and loan programs to make home ownership a reality for first time homebuyers. We offer competitive mortgage rates and programs that include down-payment assistance. Talk with one of our experienced loan officers about your needs and situation. They will carefully analyze your situation and help make sure you will qualify to purchase the home that you wish to buy. We do all of our underwriting in-house, which means that we can make the mortgage loan process more pleasant and quicker.

Learn more about our First Time Home Buyer program

If you are actively searching for a new home it is a good idea to get pre-qualified before you find the home you want to buy. Pre qualification involves us reviewing your financial situation (credit score, debt, income) to find out what price of home you can actually afford. This comes in handy as you are looking at new homes. This will save you the disappointment of falling in love with a home that you can’t afford to buy. It will allow you to search for new homes, knowing that when you find the right one you will qualify to purchase it. If you are searching for a home it is a good idea to get pre-qualified before you start your search for a new home.

Backed by the Federal Housing Administration, these loan programs come with low fixed rates that require very little cash up front to close. They offer less-stringent credit requirements, low down payments and the ability to bring in a co-signer.

FHA Loans are among the most popular options for first-time homebuyers because they typically require lower minimum credit scores and lower down payments than other loan programs. It’s possible to qualify for an FHA loan with 10 percent down and credit score lower than a 600. If you are looking for your first home let us help you get pre-approved and make home ownership a reality.

These government-insured loans come with no down payment and low insurance premiums. They’re designed to promote home ownership in more rural and suburban areas. This type of loan can be a great option for anyone who does not mind living in a rural or agricultural area. USDA loans typically require a credit score of 649 or higher. If you are looking for a home and feel like a USDA loan might be a good option for you, then please get in touch with us so we can help you get started.

Conventional fixed-rate loan programs are among the most common types of mortgage loans for homebuyers. The advantage of this type of loan is that the rate is fixed and the homeowner doesn’t have to worry about unexpected rate increases that would effect the monthly payment. Homeowners can choose either a 15-year or 30-year conventional loan. We help many residents with conventional mortgage loans. Get in touch with us today to see if this might be the best option for you.

VA loans are designed to help active or former military service members qualify for the purchase of a new home with a great mortgage rate. Surviving spouses of those service members who have lost their lives in the line of duty also qualify for a VA loan. These loans do not require a down payment or private mortgage insurance, and typically have low closing costs and low rates. Homes purchased with this program must be primary residences, and cannot be investment properties. If you are looking for a new home and feel that you meet the requirements for this type of loan, please get in touch with us so that we can help you get qualified to purchase your home.

If you have less than perfect credit, a HELOC might be the perfect fit for you. The good news is that it is not impossible to get qualified.  If you have less than perfect credit a low credit loan might be the perfect fit for you.  If you are searching for a home  talk with us today to see if this is your best option.

If you are borrowing more than $500,000 for a new home then a jumbo loan might be the best option for you. A jumbo loan is usually required when the amount of the loan is beyond the limits of what the Federal Housing Finance Agency will allow. If you live in the area and feel like a jumbo loan is your best option, get in touch with us and we can help you decide if this is the best option for you.

A Home Equity Conversion Mortgage (HECM) is a federally insured reverse mortgage program offered to borrowers age 62 and up. It allows you to withdraw a fixed amount of money or line of credit based on the equity you have in your home. One requirement for this type of loan is that you must own the home and it must be your primary residence. Call us if you would like more information on this type of loan.

Is a Reverse Mortgage Right for You?
Answer the questions below for help deciding whether a reverse mortgage is right for you.

  1. Would you have more freedom if your mortgage payments were voluntary instead of mandatory?*
  2. Would you benefit from converting some of your home equity into a standby cash reserve for emergencies, expenses or enjoyment?
  3. Could you improve your quality of life if you didn’t have to make a monthly mortgage payment?*
  4. Would you like to prepare a fund that could replace income if needed?
  5. Do you need a plan to cover your life insurance or long-term care premium payments if your income is reduced?
  6. If you could wait to take social security payments and ensure you received a larger amount later, would you want to know how?
  7. Would you be interested in getting funds to renovate your home and make it more suitable to your needs?
  8. Would you be interested in buying a new home without making monthly mortgage payments?
  9. Are you looking for ways to consolidate or pay down high-interest debt?
  10. If you answered “Yes” to any of these questions, come talk to us about getting a reverse mortgage.

*Borrower must continue to pay property taxes, homeowners insurance and maintenance costs.

A disaster relief loan is a good option for residents who may have been displaced by a natural disaster such as a flood or tornado. This loan allows residents to receive very low interest rates for a longer period of time to try to help recover from the disaster. Homeowners can apply for up to $200,000 to replace or restore their home to the pre-disaster condition. If you have been affected by a disaster you may qualify for a disaster relief loan.

Grab Our Guide

5 THINGS FIRST-TIME HOME BUYERS NEED TO DO BEFORE BUYING A HOME