Niche Programs
When you think of a mortgage you may only think in terms of a 30 or 15-year fixed rate term. What you may not realize is that there are several types of specialized loan programs that have very different guidelines, or programs that are designed for those who meet specific criteria to qualify. In the mortgage industry these are commonly referred to as “niche” programs.
A niche can refer to many things including property type or condition, first-time buyer status, or even your credit or income status to name a few.
Flat Branch Home Loans offers a number of niche programs or loan products including, but not limited to, first time buyers, down payment assistance and bond loans, renovation mortgages, condominium loans, FHA’s streamline refinance, manufactured housing loans (FHA and conventional), MCC or Mortgage Credit Certificates, VA’s IRRRL (interest rate reduction refinance loan), Fannie Mae’s MFP (Multiple Financed Property), Fannie Mae HomeReady, Freddie Mac Home Possible, non-traditional credit, construction lending, and even specialty programs such as FHA’s Good Neighbor Next Door program. Manufactured Homes with VA and USDA are also available.
Please reach out to your Loan Officer for questions or details regarding any of the many niche programs that Flat Branch Home Loans has to offer.
