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The Defender's Loan includes
full-time sworn members or any full-time employee of a police
department, sheriff's office, corrections department or other
law enforcement agency who is responsible for the prevention and
detection of crime, the enforcement of penal, traffic or highway
laws or the incarceration or detention of offenders.
Correction or other law enforcement officers must be involved in
a program administered by the federal, state or county
governments. Retirees are eligible for this program as
well.
This program also includes full-time sworn
members or any other employee of a local, state or federal fire
department or agency that is responsible for at least one of the
following:
Fire Suppression
Emergency Medical Response and Patient Care
Fire and Injury Prevention
Arson Investigation
Hazardous Materials Incident Response and Management
Response of Terrorism, including the Department of
Homeland Security
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This program is for full-time employees in a
primary, secondary or college/university education level in a
private or public school system. The teachers and support
staff includes, and not limited to, teachers, professors,
administrators, Librarians, counselors, administrative support and
custodial staff. Retirees are eligible for this program as
well.
Part-time teachers are also eligible for this
program. To be considered part-time you will need to have
regularly scheduled hours at a school and the school must be the
primary source of income.
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FHA loan is a mortgage loan in the United States
insured by the Federal Housing Administration. The loan may be
issued by federally-qualified lenders. The FHA program
makes buying a home easier and less expensive than other types
of real estate mortgage home loan programs. You do not have to
be a first time buyer to obtain a FHA loan, anyone may use a FHA
loan as long as you do not have more than one FHA insured loan
at any one time. Some highlights of the FHA loan program
are:
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Minimal Down Payment and Closing Costs.
Downpayment less than 3% of Sales Price
100% Financing options available
Gift for downpayment and closing costs allowed.
No reserves or required.
FHA regulated closing costs.
Seller can credit up to 6% of sales price towards buyers
costs.
- Easier
Credit Qualifying Guidelines such as:
No minimum FICO score or credit score requirements.
FHA will allow a home purchase two years after a Bankruptcy.
FHA will allow a home purchase three years after a
Foreclosure.
- Easier
Debt Ratio & Job Requirement Guidelines such as:
Higher Debt Ratio's than other home loan programs.
Less than two years on the job is allowed.
Self-Employed individuals o.k.
The full-time First Responder's Loan
includes, but not limited to, a Registered Nurse (RN),
Licensed Practical Nurse (LPN) and a Certified Nursing
Assistant (CNA). It also includes all Physician
Assistants, Medical Technicians or Technologists or
Therapists. Retirees are
eligible for this program as well. Others that are
included in this program are:
Full-time hospital, nursing facility
or doctor's office employees
Full-time pharmacist or pharmacy
assistant
Medical resident, physician or fellow
Full-time dentist, oral surgeon (DDS, MD,
DMD and MAGD) or dental assistant
We offer a variety of First Time Home Buyer
loans for our clients. Some of them, such as North Dakota
Housing Finance Agency, offer Down Payment Assistance for
homebuyers. We also participate in the City of Fargo Funds
whereby people who qualify, based on certain income limits, can
get up to $5000 for the purchase of a home. In addition to these
programs, we offer many low down-payment loan programs such as
FHA, VA, and several Conventional 100% loan types.
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One program we have is an interest only loan. This loan
requires only the interest to be paid each month, because of
this your payment will be lower by not paying both interest and
principle each month. This loan works very well for
commission and self-employed people or for anyone who is looking
for a better way to manage their cash flow. You can make
principle payments any time you want or you don't have to, it's
all up to you. The interest only loan comes in an
adjustable rate or fixed rate mortgage.
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The NINA program is a No Income No Asset loan
suited for those who prefer not to disclose income, assets, or
employment in qualifying for a mortgage. The main qualifying
criteria is based on borrowers credit scores and down payment.
With as little as 5% down-payment people can qualify for these
loans. They work excellent for people who are self-employed,
payed on commission, or have recently changed employment.
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A VA loan is a mortgage loan in the United
States guaranteed by the Veterans Administration. The loan may
be issued by qualified lenders. The VA loan was designed
to offer long-term financing to American veterans or their
surviving spouses (provided they do not remarry). A buyer
must present a Certificate of Eligibility for VA home loan
benefits.
The VA loan allows veterans 100% financing without private
mortgage insurance or 20% second mortgage. A VA funding fee of 0
to 3.3% of the loan amount is paid to the VA and is allowed to
be financed. In a purchase, veterans may borrow up to 100% of
the sales price or reasonable value of the home, whichever is
less. In a refinance, veterans may borrow up to 90% of
reasonable value, where allowed by state laws.
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Equal Housing Lende