UNIQUE SERVICES

Quick Start Pre-approval program early in the process give you a competitive edge as a buyer. The SCMS Quick Start Program can make contract negotiations easier. The seller is more likely to accept your offer with a qualified candidate. Don’t wait…get pre-approved today and feel more confident knowing you can afford your dream home.

Non Permanent Resident Alien Program allows borrower(s) who may not have received permanent resident status to have access to mortgage loan financing.

Relocation Enhanced guidelines to accomodate corporate transfers anywhere in the continental United States. See FHA, Bond & Loan Information

Products subject to change without notice.

UNIQUE PRODUCTS    go to Top Conforming Fixed and Adjustable Rate Products Jumbo Fixed and Adjustable Rate Products FHA Fixed and Adjustable Rate Products VA Fixed and Adjustable Rate Products OHFA - Ohio Bond Money Programs KHC - Kentucky Bond Money Programs 40 Year Amortization Extended Locks Condo Programs Portfolio Products Lot Loans Construction Loans Various Mortgage Insurance Options 80-10-10 Loans Available Investment Loans Trailing Partner Programs 3-2-1 and 2-1 Buydowns Available

FHA, Bond & Loan Information    go to Top

FHA Loan Programs (Federal Housing Administration) FHA loans are mortgage loans that are insured by the Federal Housing Administration. With a low minimum borrower investment, requirement of just 3.5% of the sales price, FHA loans are well suited for a first time home purchase. Some of the benefits of FHA loans are;

Great low fixed rate, often comparable to the best 30 year conventional rates. Reduced cost mortgage insurance premiums, which offer substantial savings over similar conventional loans. Allow for the use of gift funds and seller funded down payment assistance programs for help with down payment. More flexibility with credit approval than a conventional loan. Parents can help a child qualify for a loan as non-occupant co-borrower.

In the past, many lenders and Realtors avoided FHA financing due to an often difficult property inspection process. Fortunately, FHA has streamlined the mortgage process and certain inspections will not need to be reviewed by a lender for FHA approval. Sibcy Cline Mortgage is a Direct Endorsement FHA Underwriter. This means that we can execute the approval of your FHA loan from start to finish faster than most lenders in the area.

OHFA – Ohio Housing Finance Agency Bond Money Program OHFA's First-Time Homebuyer Program provides borrowers with the flexibility of choosing a mortgage product that best meets their needs by offering competitive, fixed interest rates on 30-year conventional loans, FHA, and VA. To help with down payment and closing costs, eligible homebuyers can choose a down payment assistance grant in an amount equal to 3% of the home's purchase price, or a second mortgage in an amount up to 4% of the home’s purchase price.

KHC – Kentucky Housing Corporation Bond Money Program

About KHC home loans Down payments and closing costs help More benefits Available to any qualified home buyer. Not just for first-time buyers. Always a low, 30-year, fixed interest rate. All types: conventional, FHA, VA Refinancing opportunities available. Both new and existing homes qualify. Live in the home that you are buying as your primary residence. Loan equal to 4 percent of the purchase price, repaid over 10 years at the same low rate as the first mortgage loan. Up to $4,500 for qualified applicants* (no repayment). Up to $10,000 for qualified families with dependent children* (no repayment). Up to $10,000 for qualified households with disabled or elderly members* (no repayment). Automatic payment plan available. Payments go directly to Kentucky Housing and stay in Kentucky. Homeownership education. Homeownership counseling available before and after you buy. Find your path to realizing the American Dream of homeownership through Kentucky Housing!

Contact one of our loan officers today for more information about these great loan products!