Residential Mortgage Solutions specializes in both non-conforming and conforming loans. We will service clients with perfect credit and those who have credit problems. Don’t think that because you have poor credit you cannot qualify for a loan! In many cases, this is simply not true. We deal with numerous investors who have a variety of programs to fit almost every borrower, regardless of credit history.

The conventional fixed rate loan is one of the, if not the most popular mortgage chosen for a purchase or refinance in the mortgage industry. learn more
Down Payment
5% of Purchase Price
Terms
30, 25, 20 and 15 Year Fixed
CREDIT SCORE
620 Minimum
MORTGAGE INSURANCE
Required if less than 20% Down Payment
MAX LOAN AMOUNT
Varies By County & State
An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. learn more
Down Payment
3.5% of Purchase Price
Terms
30, 25, 20 and 15 Year Fixed and Adjustable
CREDIT SCORE
580 Minimum
MORTGAGE INSURANCE
Yes
MAX LOAN AMOUNT
Varies By County & State
Residential Mortgage Solutions closes most all their FHA streamline refinances within 21 days from loan application. learn more
Down Payment
N/A
Terms
30 Years and any Term you choose (I.E 28 yr, 17 yr or 15yr)
CREDIT SCORE
500 Minimum
MORTGAGE INSURANCE
Yes
MAX LOAN AMOUNT
Varies By County & State
The FHA created a reverse mortgage called the Home Equity Conversion Mortgage. The primary purpose of this loan was to allow borrowers 62 years of age and older to convert their equity in their home into a monthly stream of income or a line of credit. learn more
Down Payment
N/A
Terms
N/A
CREDIT SCORE
N/A
MORTGAGE INSURANCE
N/A
MAX LOAN AMOUNT
N/A
The FHA offers a loan for borrowers that may have gone through difficult financial times. Residential Mortgage Solutions recognizes this and are proud to offer borrowers another chance at home ownership or refinance loans. learn more
Down Payment
10% of Purchase Price
Terms
30, 25, 20 and 15 Year
CREDIT SCORE
500 Minimum
MORTGAGE INSURANCE
Yes
MAX LOAN AMOUNT
Varies By County & State
So you have fallen in love with a home that needs some work and it’s priced for instant equity, the FHA 203k loan is the perfect choice for you! learn more
Down Payment
3.5% of Purchase Price
Terms
30 Year Fixed Only
CREDIT SCORE
640 Minimum
MORTGAGE INSURANCE
Yes
MAX LOAN AMOUNT
Varies By County & State
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs. learn more
Down Payment
None. 100% Financing
Terms
30 or 15 Year Fixed
CREDIT SCORE
620 Minimum
MORTGAGE INSURANCE
No
MAX LOAN AMOUNT
Varies By County & State
Obtaining a VA streamline refinance allows a current VA loan holder to refinance to a lower interest rate with no appraisal and no income qualification. learn more
Down Payment
N/A
Terms
30 or 15 Year Fixed or Adjustable
CREDIT SCORE
550 Minimum
MORTGAGE INSURANCE
No
MAX LOAN AMOUNT
Varies By County & State
The USDA loan is one of the most affordable home loans available. The primary purpose of the USDA mortgage is to promote home ownership in rural areas. learn more
Down Payment
None. 100% Financing.
Terms
30 Year Fixed
CREDIT SCORE
640 Minimum
MORTGAGE INSURANCE
Yes
MAX LOAN AMOUNT
Varies By County & State
So you have finally outgrown the home that you have lived in and need a larger home to accommodate the family…the jumbo loan may be the right loan for you. learn more
Down Payment
10% of Purchase Price
Terms
30 & 15 Year Fixed. 10, 7, 5 and 3/1 Adjustable Rates.
CREDIT SCORE
660 Minimum
MORTGAGE INSURANCE
Yes
MAX LOAN AMOUNT
$2 Million
A HARP Loan was designed by both Fannie Mae and Freddie Mac to help homeowners with conventional loans refinance, even though the borrower may owe more than the property is worth. learn more
Down Payment
N/A
Terms
30 and 15 Year Fixed
CREDIT SCORE
620 Minimum
MORTGAGE INSURANCE
Yes
MAX LOAN AMOUNT
$424,100
As a self employed borrower, it can be difficult qualifying for a mortgage loan. Unlike conventional and government loan guidelines, Residential Mortgage is pleased to offer several alternative programs for borrowers that can’t prove their income with Federal Income Tax Returns. learn more
Down Payment
10% of Purchase Price
Terms
30 Year Fixed and 5 Year Adjustable Rates
CREDIT SCORE
500 Minimum
MORTGAGE INSURANCE
No
MAX LOAN AMOUNT
$2 Million