Loan Programs!
Loan Options can be confusing because of the sheer number of programs available.. We are here to help you!
The list below provide very basic information about Loan products. Every loan product has specific guidelines for qualification, to find out which loan product fits you best you should consult a Mortgage Loan professional for tailoring your loan to your needs and your situation. FDM is qualified Lender for these loan products and more, including grants and other unique products.
LOAN PROGRAMS
2-1 Buydown
A 2-1 buydown is a temporary reduction that lowers your mortgage payments during the first two years of your loan. In year one, your payment is based …
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Asset Utilization Loans
If most of your money is in investments or retirement accounts instead of a paycheck, you may still qualify for a mortgage using an asset utilization …
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Bridge Loans
If you are ready to buy a new home but haven’t sold your current one, a bridge loan may be the perfect solution. A Bridge Loan is designed to help you …
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Commercial Loans
Commercial loans are financial products designed to help businesses finance their operations, purchase equipment, or acquire real estate. These loans …
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Construction Loans
Construction loans are primarily used to finance the building or renovation of residential or commercial properties, covering costs such as land acqui …
Read MoreConventional Loans
Conventional loans are ideal for borrowers with strong credit and sufficient savings for a down payment, offering competitive interest rates, flexible …
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Down Payment Assistance (DPA) Programs
One of the biggest challenges for home buyers is saving for a down payment. Down Payment Assistance (DPA) programs are designed to help with that. Whe …
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Equity Partnership Loans
Equity partnership loans are effective tools for increasing purchasing power, reducing risk through shared investment, and enabling growth in both rea …
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FHA Loans
A Federal Housing Administration (FHA) loan is a home mortgage that is insured by the government and issued by a bank or other approved Lender like Fi …
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First Time Home Buyer
Buying your first home is a big milestone, and it’s easier when you have the right support and options. First-time homebuyer programs are designed to …
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Fix & Flip Loans
A 2-1 buydown is a temporary reduction that lowers your mortgage payments during the first two years of your loan. In year one, your payment is based …
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Fixed Rate Mortgages
This predictability makes it a popular choice for borrowers seeking budget stability, especially those planning to stay in their home for 10 years or …
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Foreign Nationals & ITIN Borrowers
If you’re looking to purchase property in the U.S. but don’t have a Social Security number or traditional documentation, you may still be eligible for …
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HomeRun Program
The HomeRun Program is a special mortgage option available only in certain approved areas. If the property qualifies and it falls within a designated …
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Investment Properties: No Income, No Job
For experienced investors and financially independent borrowers, qualifying for a mortgage shouldn’t depend on W-2s or employment verification. No Inc …
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Investment Property & Second Home Loans
Whether you’re building wealth through real estate or looking for a personal getaway, financing an investment property or second home is different fro …
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Jumbo Loans
Unlike conventional mortgages, a jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac. Designed to fina …
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Niche Loan Products
Sometimes, “off-the-rack” might not fit you. Depending on your specific needs, a specialized mortgage may prove to be the vehicle needed to get you ho …
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Non Qualified Loans
Non-qualified (Non-QM) loans are designed for borrowers who do not meet the strict criteria of traditional mortgages but still have the financial capa …
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Refinance Loans
Refinancing gives homeowners the opportunity to update their mortgage to better match their financial goals. Whether you want to lower your interest r …
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Renovation Loans
Renovation loans make it possible to finance both the home purchase and the needed repairs with a single mortgage. FHA 203(k) and Conventional HomeSty …
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Reverse Mortgages
A reverse mortgage is a unique loan program that allows homeowners aged 62 and older to access a portion of their home’s equity without selling their …
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USDA Loans
USDA Rural Development Loans are government-backed mortgages designed to help eligible buyers purchase homes in designated rural and suburban areas. T …
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VA Loans
VA loans are a powerful financial tool for eligible military personnel and Veterans, offering low or no down payment options, no mortgage insurance, f …
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I Second That!
A second mortgage can be a powerful financial tool for homeowners looking to tap into the equity they’ve built in their property without selling or refinancing their first mortgage. Essentially, it allows you to borrow against your home’s value, using …
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Make Your Offer the Winning Offer!
Recent changes in the Real Estate Market has shifted the market in favor of buyers. You are ready to buy, but how do you prepare yourself for success in this market? What payment can I afford? How much do I need to close on my new home? What can I do t …
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No Overlays?
When a lender says they have “no overlays,” it means they follow the standard agency or government underwriting guidelines exactly as written without adding any extra requirements on top. For example, if FHA allows a 580 credit score and a 3.5% d …
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