Home Loan Options for Your Different Needs

Mortgage Loan Options

Primary Residential Mortgage offers borrowers a wide range of home loan programs. Our access to the most competitive mortgage loan rates available ensures we can accommodate the diverse home-buying needs of our customers.

From traditional 15- and 30-year fixed mortgages to government backed loans such as FHA, VA, and USDA, PRMI has loan programs to fit your unique financial situation. We take the time to discuss your goals, whether you’re refinancing, buying your first home or investing in a vacation or rental property.

Browse the list of mortgage programs we offer to get an overview of your options and what you may qualify for.

First-Time Homebuyer Click to open answer

PRMI has a Homebuyer Tax Credit program for buyers who have not owned a home in the past three years. Borrowers of 30-year fixed-rate conventional, FHA, USDA, VA, Freddie Mac or Fannie Mae loans may apply. Eligible homebuyers receive a 25% dollar-for-dollar refund on their mortgage interest, up to $2,000.  Contact our local team to learn more about programs for first-time homebuyers. 

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Low-Credit Home Loan Click to open answer

Many borrowers have less than perfect credit scores.  If you feel that your score is too low to qualify or have even been turned down by other lenders, contact our team to see how we can help.  We have multiple low credit home loan programs to help borrowers secure financing with less than perfect credit. 

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New Construction Loan Click to open answer

Primary Residential Mortgage helps borrowers with great solutions for construction loans. If you’re struggling to find a home with everything you want, a construction loan could be a great option. Call Ronald Shaver and team for more information on construction loan programs.

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Mortgage Pre-Qualification Click to open answer

Finding the right home can be a lengthy process.  Perhaps the most frustrating thing that can happen is finally finding ‘the one’ and then losing it to another buyer while experiencing delays securing financing for the home.  One great way to avoid this is to get pre-qualified for a mortgage.  Our team of local specialists can help you determine the price range you can qualify for and have everything in place so that you’re ready to move quickly once you find your dream home.  Contact our team for help with mortgage pre-qualification. 

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Reverse Mortgage Click to open answer

A reverse mortgage allows homeowners age 62 and older to cash in their home equity with no monthly premiums. You can receive the funds through fixed monthly payments, a line of credit or as a lump sum. When used correctly reverse mortgages can help elderly borrowers remain financially independent, giving them the means to pay their medical bills, taxes, debts and other living expenses.  Talk to our team today to see if a reverse mortgage is right for you. 

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Refinance Click to open answer

Refinancing your mortgage has the potential to pay off your existing higher interest debt while reducing your interest rate, payment amount or loan term. We help customers determine whether a mortgage refinance is the best solution for their home ownership situation.  If you’re interested in looking at a mortgage refinance, contact our team today.

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Home Loan Click to open answer

PRMI guides customers throughout the entire home loan journey. We’ll discuss your situation — from financial status to employment and more — to help you decide on the best program. We’ll then assist you through the pre-qualification, application and requirements. Our online tools and resources are also available to help you make a well-informed decision.

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VA Loan Click to open answer

We help veterans, active military service members and eligible surviving spouses apply for a VA loan. The VA provides a home loan guarantee benefit and other related programs to help borrowers construct, buy or repair their homes. Borrowers benefit from the low closing costs and mortgage rates, and zero down payments associated with VA Loans.

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FHA Loan Click to open answer

The Federal Housing Agency (FHA) has a loan program dedicated to help borrowers. Low-to-moderate earners benefit from the lenient credit score requirement, lower mortgage rates and competitive down payments of FHA loans. We help eligible borrowers fulfill the requirements and navigate the application process.

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USDA Loan Click to open answer

The U.S. Department of Agriculture (USDA) provides a low-premium home loan program for low- to medium-income earners. USDA loans have zero down payments, flexible credit requirements and competitive interest rates. Homebuyers planning to purchase a home in a designated rural area are eligible to apply. Some suburban locations are also considered “rural” by USDA. If you’re interested in a USDA loan, contact PRMI to learn more.

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Conventional Mortgage Click to open answer

Conventional mortgages are some of the most popular due to their fixed rate and payments that remain constant over time.  Requirements for conventional mortgages include proof of income, assets, credit history and employment verification, among others.  If you’re looking for a 30 year or 15 year fixed rate mortgage, talk to our team of loan officers about securing a conventional mortgage. 

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