Loan Programs

The following is a partial list of programs offered by First Transcontinental Financal with a brief description of the key elements.

• CONVENTIONAL: Programs available for the borrower who needs 95% financing. 97% loans are available under specific limits.
   
• GOVERNMENT PROGRAMS (FHA/VA): Numerous loans are available under these programs. Intended for the low/moderate income and veteran borrowers. 100% financing or minimal down payment is available. Income and loan amount limits do apply.
   
•  RATE OR TERM RE-FINANCING: For the customer wanting to obtain a lower interest rate. Loans are based on a % of appraised value.
   
• CONSTRUCTION/PERM: Offers a one time closing for those who are building their homes themselves. During construction the loan is at a floating rate, which is converted to a fixed or adjustable rate after completion.
   
• DOWN PAYMENT ASSISTANCE: First time homebuyers who meet the income requirements can qualify for the following: Mississippi Home Corp. Bond Money, Down Payment Assistance, and Mortgage Credit Certificate.
   
• 100% RHCD: This program provides 100% financing for homebuyers who have not owned a house in the past three years. HUD has limitations on the loan amount due to geographical location. The loan amount can be for 100% of the appraised value. Income limits do apply.
   
• SECOND HOME: A program for the homebuyer wishing to purchase a vacation home. .
   
• INVESTOR/RENTAL PROPERTY: Buyers who are looking to generate rental income by purchasing these types of properties 1 to 4 family units. Multiple property ownership is allowed under certain programs..
   
• BALLOON/ARM'S: These programs are intended for the homebuyer who feels they will only occupy the property for a short period of time.
   
• NON-CONFORMING: For customers with bruised credit or higher debt ratios .

                           PROGRAM HIGHLIGHTS

·  HARP ENHANCED REFINANCE PROGRAM NOW AVAILABLE!

•   First time home buyers with limited credit - OK
  
•   Up to 100% financing - PURCHASE & REFINANCE
  
•   U.S. Government FHA/VA and Fannie Mae Mortgage Specialist
•   FHA STREAMLINE, RATE & TERM & CASHOUT REFINACES
•   Fannie Mae Homepath
•   Debt consolidation loans - cut your monthly payment in half!
•   Cash out refinances
•   LOAN ANSWERS IN 24 HOURS
•   Evening appointments- OK
•   Less-than-perfect credit and/or prior bankruptcy OK
•   Divorce, limited credit, or lower credit scores - WE CAN HELP!
•   Investor loans 
•  Jumbo loans
•  $100 Down HUD REO properties
•  Reverse mortgages
•  Hard Equity loans 

Wide range of purchase & refinancing products...Please call us to discuss your indivdual Loan Needs TODAY!!!!!!

See full details in our FHA, VA, Refinance, Home Equity, Fannie Mae HomePath & Reverse Mortgage Centers