We offer a full array of products and are a direct seller and servicer for Fannie Mae and Freddie Mac.

CONVENTIONAL 15 AND 30 YEAR FIXED-RATE MORTGAGES 

These are some of the most popular and secure home loan options available ensuring monthly payments stay the same through the life of the loan, either 15 or 30 years. The shorter 15-year conventional fixed rate loan can save thousands in interest expense if the consumer wants to accelerate the ownership of their house, while the 30-year fixed-rate mortgage consists of a 360-month amortization.

 

FHA HOME LOANS*

Designed to provide home loans with low down payment requirements, FHA* insured loans offer affordable closing costs and more lenient credit requirements than most conventional loan programs, helping Americans become homeowners since 1934.

 

VA LOANS*

The U.S. Department of Veterans’ Affairs provides a home loan guaranty benefit for veterans, active duty military personnel and surviving spouses of veterans. 100% financing available.

 

USDA RURAL DEVELOPMENT GUARANTEED MORTGAGES*

Rural Housing Loans provide up to 100% financing for low-to-moderate income families in rural areas.  Typically, these communities have less than 20,000 residents. No down payment or consumer contribution is required.

HOMEREADY® LOANS

FNMA’s HomeReady Mortgage serves low-to-moderate income consumers with expanded eligibility for financing homes in designated low-income, minority and disaster impacted communities.

• Down payments as low as 3%                               • Allows Co-borrower flexibility

• Cancellable Mortgage Insurance                          • No Income Limits

 

HOME POSSIBLE® LOANS

Freddie Mac’s Home Possible Mortgages allow low down payment options and flexible credit terms that make it easier for consumers to buy the home of their dreams.

• Down payments as low as 3%                                                                      • Non-traditional credit allowed

• Mortgage Insurance premiums are the lowest available                           • No Income Limits

 

FHA 203(K) RENOVATION LOANS*

FHA 203(k) Renovation Loans can turn a home in need of repair or renovation into a dream home. All repair costs and associated lender fees for the property improvements are financed into a single FHA mortgage. With a down payment as low as 3.5%, FHA offers two types of programs: “The Standard“ and “The Limited”. These programs are available for 1-4 unit owner occupied homes and FHA approved condominiums.

 

FNMA HOMESTYLE® LOANS

The FNMA Homestyle Loan enables a consumer to include in a single mortgage, the purchase of a house and the costs associated with repairing or renovating it. This program follows Fannie Mae guidelines and allows for down payments as low as 5%. Homestyle can also be used for a second home or single-family investment property.

*Village Mortgage Company is an approved lender for FHA, VA and USDA Home Loans, but is not otherwise affiliated with or acting on behalf of or at the direction of the FHA, VA, USDA or the Federal Government. Information provided is for general broker informational purposes and is not intended for consumer use.  Features and offerings may vary depending on applicant’s unique credit situation.  Consult your Account Executive for more information.