Mortgage & Loan Program

Western States is the mortgage expert that you want on your side when looking for real estate. We are experts in a large variety of different types of loans.

From conforming loans to private money lending to Veterans Administration loans, we do it all and we do it well.

 Types of Loans

 Conventional Conforming (“Agency”)

  • Both Fixed Rate and Adjustable Rate loans available
  • Financing up to $417,000
  •  Down payments of as little as 3% for qualified borrowers
  • Mortgage Insurance may be required for certain loan-to value ratios
  • Lender Paid Mortgage Insurance options available

Agency High-Balance

  • Conventional financing greater than $417,000 up to the specified limit for each county
  • Down payments of as little as 10% for qualified borrowers
  • Additional reserve requirements may apply for certain property types

Jumbo/ Nonconforming

  • Conventional financing greater than $417,000 up to $3,000,000
  • County designated loan limits may apply
  • Reserve requirements may apply

Federal Housing Administration (“FHA”) 

  • Lower down payment requirement than for most standard conventional financing
  • Streamline Refinance available for refinance of existing FHA financing
  • Eased credit guidelines and qualifications as compared to conventional financing
  • Up Front Mortgage Insurance Premium required on most loans

Veterans Administration (“VA”)

  • Available to qualified active and retired military personnel
  • Interest Rate Reduction Refinance Loans (IRRRL) available for refinance of existing VA financing
  • Financing with no down payment requirement is available for qualified veterans

 United States Department of Agriculture (“USDA”) 

  • Property eligibility determined according to County eligibility
  • Availability of Funds determined by USDA
  • Income & Household Size restrictions apply
  • Financing with no minimum down payment is available for qualified property and borrowers

Private Money Lending

  • Loans made by private individuals or groups who lend money directly to Borrowers
  • Able to finance properties that may not qualify for conventional or FHA financing
  • Source of capital for investment, land, development opportunities, and other unique properties

Whatever type of loan works best for you Western States will be excited to work with you. Call us, Email us or get started by taking a look at our real estate listings.