CrossCountry Mortgage appreciates that your financial needs and circumstances are unique. Hence, we offer a diverse suite of home loan solutions tailored to every budget. Whether you require assistance for a modest budget or aspire to acquire your dream hobby farm, our comprehensive loan offerings have you covered.
Versatile Mortgage Products
Conventional Loans Conventional home loans, not insured or backed by the federal government, are favored by borrowers who enjoy stable employment, have a reliable income, can afford a down payment, and overall financial stability. These mortgages are secured by private investors and not government agencies. Conventional loans, which adhere to Fannie Mae guidelines, are available as both fixed-rate and adjustable-rate financing options.
FHA Loans For those with a limited income or unable to afford a large down payment, the government-insured Federal Housing Administration (FHA) home loan could be the perfect solution. FHA Loans are recommended for first-time homebuyers, seniors, or anyone with limited financial resources. These loans offer low down payments, flexible income and credit requirements, and affordable closing costs.
VA Loans Offered as a token of gratitude for their service, the VA home loan is an excellent resource for military personnel, both during and after their term of service. Veterans who served an honorable active-duty stint are eligible for VA loans. These loans offer no down payment, higher loan value, no private mortgage insurance, a cap on closing costs, early payoff without penalty, possible VA payment assistance, and more.
USDA Loans USDA guaranteed loans, insured by the government, offer a 100% purchase loan program for rural area purchases. With the USDA's Guaranteed Rural Housing Loan Program, low and moderate-income individuals can qualify for mortgages with a minimal down payment.
Reverse Mortgages For homeowners 62 years or older, a reverse mortgage can be an excellent retirement planning tool. Unlike a traditional mortgage, a reverse mortgage does not require monthly payments from the borrower but instead pays out to the borrower.
Alternative Advantage Loan Options
CrossCountry Mortgage understands that everyone's financial situation is unique. We proudly offer our Alternative Advantage loans, designed for applicants or properties that don't conform to traditional Qualified Mortgage (QM) requirements.
Bank Statement Loan (For Self-Employed Individuals) We use bank statements instead of tax returns to analyze cash flow and qualify self-employed individuals for a mortgage.
Non-Warrantable Condo Loan This loan caters to condos that don't meet conventional financing qualifications.
Foreign National Loan Designed for non-resident aliens unauthorized for full-time residency or work in the U.S., or temporary work visa holders.
Asset Resource Loan For clients with insufficient documented income but ample assets, we use these assets to supplement their qualifying income.
Non-Conforming Investor Loan Ideal for clients requiring a non-conforming option to purchase or refinance an investment property.
If you're unsure about where to begin, we're ready to guide you. Reach out to us today for a helpful conversation about your home loan options.
*Certain state and county maximum loan amount restrictions may apply. **At the end of a reverse mortgage term, the borrower must repay the loan, which may require selling the home or paying from other proceeds. The loan carries charges, including origination fees, closing costs, mortgage insurance premiums, and servicing fees. The loan balance grows over time, accruing interest. Borrowers remain responsible for property taxes, hazard insurance, and home maintenance. Failing to meet these obligations may result in losing the home. Interest on a reverse mortgage is not tax-deductible until the borrower makes partial or full repayment.
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