Mortgage Lending Programs
Mortgages for Home Purchases
Purchasing a home is one of the biggest decisions any person makes in their lifetime. Deciding how to best finance that home is of equal importance. The Ricky Miles Team offers many financing options and we have the experience and expertise to ensure that your purchase goes as planned.
| Purcahases | |
| Loan Type | LTV up to |
| USDA | 102% |
| VA | 100% |
| HUD100 | 100% |
| Home Possible | 97% |
| FHA | 96.5% |
| Homepath Owner Occupied | 97% |
| Homepath Second Home | 90% |
| Homepath Investment | 85% |
| Conventional | 95% |
Refinance Mortgages
The Ricky Miles Team specializes in helping our clients get into the optimal mortgage position. By doing so, we can help our clients save thousands of dollars on their mortgage by refinancing to improve the terms of their real estate financing.
| Refinances | ||
| Loan Type | LTV up to | Appraisal |
| DU refinance Plus | 125% | Sometimes |
| Freddie Mac Relief | 125% | Sometimes |
| VA Interest Rate Reduction Loans | 100% | No |
| FHA (Cash Out) | 85% | Yes |
| FHA Streamline (cash out) | 100% | No |
| FHA Streamline Investment | 100% | No |
| FHA Second Home | 100% | No |
| Home Equity Line of Credit | 75% | Yes |
Private Mortgage Loans
We have direct access to private money loans for hard to finance residential and commercial real estate. These loans typically go up to a 60% LTV and carry higher than average interest rates, but are useful in financing real estate that would otherwise not attract a loan from banks or other mortgage lenders. To learn more, please contact us.
