For a great mortgage in McKinney TX, contact Core Team Lending and speak with an experienced loan officer today. At Core Team Lending, our loan officers will go above and beyond to get you approved or find viable mortgage alternatives if the loan you apply for isn’t available. We educate our clients and keep them in the loop from start to finish with total transparency throughout the loan process.
You might be pleasantly surprised to learn that Core Team Lending offers a variety of loan programs, including traditional loans, government loans, and specialty loans. Of course, not every applicant qualifies for a loan from Core Team Lending or for every loan program we offer. Therefore, we recommend that you apply sooner than later. This way, you can get qualified and start the process.
What Kind of Loans does Core Team Lending Offer?
One of the reasons that it’s so important to speak with one of our loan officers if you’re looking for a mortgage in McKinney TX is that we don’t offer every kind of loan. Let’s take a look at some of the loans we offer.
Conventional Loans and Jumbo Loans
A conventional mortgage is simply any kind of mortgage loan that’s not secured by a government agency, such as VA loans, USDA loans, or FHA loans. Our conventional loans are guaranteed by Fannie Mae and Freddie Mac. Jumbo loans are the kinds of loans that exceed the limits set in place by Fannie Mae and Freddie Mac and aren’t guaranteed by these programs.
FHA loans are ideal for low to moderate-income earners who may have less than perfect credit or even bad credit. These types of loans feature very low interest rates and down payments and are backed by the United States government, which makes them safer for lenders and easier for individuals to acquire.
Additionally, Core Team Lending also offers VA loans for veterans and veteran survivors. The beauty of a VA loan is that allows borrowers to have no down payment or mortgage insurance. The borrower has minimum approval requirements for this loan program, chiefly, a Certificate of Eligibility from the VA.
USDA Rural Loans
Also for low to moderate-income earners, USDA rural loans can be given for construction, repair, or relocation. However, the property must be in a USDA-approved territory. The attractive features of a USDA loan are no down payments and low interest rates. However, not everyone wants to live in a rural area. Often, “rural” can be literally 1 to 2 miles outside of town.
Core Team Lending also offers first-time home buyer loans and repair and renovation loans to people who may not have the resources to make a down payment on a home or pay for the costs of renovation out-of-pocket. We also offer other loan programs, so be sure to ask your loan officer about all the loan types we offer.