Our Programs

Finding the ideal loan program and product for each borrower’s individual requirements is something VIP takes great pride in. Understanding that a home loan is the biggest financial transaction many people will ever be involved with, VIP works one-on-one with every client to make sure they understand the process and what the short and long-term effects of their decisions entail.

Most importantly, choosing a loan program is all about you and what will work best for you today, tomorrow and for years to come. Rest assured, we have your best interests at heart and will work tirelessly on your behalf throughout the entire loan process. Even after your loan closes, we will still be there to check in, follow-up and make sue that no matter where life takes you, your mortgage will continue to fit all your needs.

Purchasing

I have experienced a foreclosure, short sale, or deed in lieu.

Inclusive Loan

If a negative credit event is holding you back from homeownership, VIP may be able to help. Our “Inclusive Loan” program was designed to help qualified home buyers who have had a foreclosure, short sale, or bankruptcy in the past to obtain a mortgage.

I am a U.S. Military Veteran or am currently serving.

VA Loan

The VA loan was made just for you! If you qualify, you may be able to purchase a home without having to put down money for a down payment. There are some specifications and qualifications for this program; your loan officer can go over your options.

I am worried that I don’t have enough money for a down payment.

Down Payment Assistance Program

If you are concerned about a down payment, talking with your loan officer is the best place to start. There are down payment assistance programs available as well as loan programs where as little is 3% down is needed to purchase a home.

The home I am interested in might need some repairs.

Renovation Loan

With a 203(k) FHA loan, you can purchase a home that needs renovations. This can cover a variety of improvements and repairs in order to make your new home perfect! There are other options as well, check with your loan officer to see which loan program best fits your unique situation.

I want to move to a rural area.

USDA Loan

The USDA program was designed for people who want to or already do live in a rural area. The USDA loan is secured through the United States Department of Agriculture and offers qualifying low-to-moderate income borrowers the option of little to no down payment when they purchase a home in a designated rural area.

I am over the age of 62.

Reverse Mortgage

A Reverse Mortgage, also known as a Home Equity Conversion Mortgage (HECM), is a loan available to homeowners age 62 or older and allows qualified borrowers to turn their home’s equity into cash. Unlike a traditional loan or second mortgage, the borrower does not have to repay the loan until they no longer live at the residence or fail to meet their mortgage obligations.

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I prefer a condo over a house.

Condo Loan

If you are interested in purchasing a condo, VIP has you covered. We have more programs available and more flexibility with condo associations than ever before, making it even easier to secure condo financing. There are some nuances to the condo financing process, but your loan officer will be with you every step of the way.

I can make a 20% down payment.

Conventional Loan

A conventional loan is a mortgage product that is not backed by a government agency. These types of loans normally meet income and down payment requirements that are set by Freddie Mac and Fannie Mae. If you qualify for a conventional loan, and put at least 20% towards the down payment, there will be no need for mortgage insurance.

I’m looking for a flexible, low down payment loan.

FHA Loan

An FHA (Federal Housing Administration) loan is secured by the government and allows for a lower down payment, lower closing costs, and lower qualifying requirements for borrowers. A down payment can be as little as 3.5% and is a great mortgage product for first time home buyers.

I want to build a new home.

Construction Loan

There are two types of construction loans: a construction-to-permanent or stand-alone construction loan. A construction-to-permanent loan provides money to build the house and is advanced in stages to the contractors as construction progresses and the balance of the loan becomes a permanent mortgage once the project is completed and the homeowner moves in. The stand-alone construction loan consists of two loans. The first loan covers all the construction costs. The homeowner obtains a second loan or a mortgage to pay off the debt accrued from the construction of the home.

I am interested in the HUD-184 Loan.

HUD-184 Loan

The HUD Section 184 Loan Program is a home mortgage specifically designed for Native American tribal members. Section 184 loans are guaranteed 100% by the Office of Loan Guarantee within HUD’s Office of Native American Programs.

I've heard about jumbo loans - what are those exactly?

Jumbo Loans

A jumbo loan is a mortgage where the amount is higher than the limits set by the Federal Housing Finance Agency. It was created specifically to finance higher value and luxury properties, with the value of the loan varying by state, and even county.

Other Programs

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