Below are the different types of loans available to you. Whitehall will work with you to decide which loan is the one for you.

TYPES OF LOANS

Fixing the Roof

FHA 203K

A loan for well-needed home improvement

  • May be for a purchase or a refinance

  • Add flooring, carpeting or siding to a home

  • Fix electrical, plumbing, heating system, etc.

  • Add or modernize a room

  • Other needed improvements

American flag waving

VA

For veterans, active-duty personnel or spouses of veterans

  • No application fee or monthly MI

  • Zero down payment and cash reserves

  • VA funding may be financed

  • Primary residence may include 1-4 unit building

  • Some consumer debt may be paid off with the refinance program

  • Seller will be required to pay certain closing costs

Dry Fields

USDA

The loan for a rural area

  • No down payment required

  • Geographical location must qualify

  • Not limited to first-time home buyers

  • Mortgage insurance not needed

  • Any source may pay closing costs

Door

CONVENTIONAL

Non-government secured loan to avoid monthly PMI payment

  • Flexible terms, 15-30 years

  • No mortgage account restrictions like FHA loans

  • Purchase or refinance

  • Non-borrowing co-borrowers allowed

Key to Success

FHA

Make home-ownership a reality

  • 3.5% down

  • 580 (+) credit score 

    • versatile credit review​

  • Seller's assist of 6%

  • No penalty for pre-payment

  • Higher loan limits

Loans

PROFESSIONAL

For recent med school graduates, residents and those in the early stage of their careers

  • Loan amounts up to $1,500,000

  • Low or no down payment options

  • Adjustable rate options

  • Differed student debt may be excluded from payment ratios

©2018 by Whitehall Mortgage Financial LTD.