Home Mortgage & Refinancing Serving Locations Throughout New York State
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FHA / VA Home Mortgage Loans

Serving New York State & the Capital Region: Albany, Clifton Park, Saratoga and Glens Falls

The Federal Housing Authority (FHA) backs mortgage loans for people who don’t fit the traditional underwriting criteria for getting approved for a home of their own. People that benefit from these loans are first time home buyers, people who don’t have much credit history, and people who have had credit issues in the past but have everything back on track.

The interest rates on FHA loans are comparable to conventional rates. FHA can lend up to 97% of the home value, and can be refinanced any time without a pre-payment penalty, and without having to qualify all over again. As long as you pay the mortgage on time, you can do a streamline refinance anytime interest rates fall. In many cases, in high interest rate environments, FHA loans are considered superior to a conventional loan because they can be refinanced so easily when rates drop.

FHA allows gift funds from family members for the down payment, and also allows home sellers to pay for closing costs, so you don’t have to wipe out your bank account to get into the home of your dreams. Because these loans are designed to help an underserved segment of the population, there are FHA loan limits for each county in the country, usually somewhere between $120,000 and $180,000.

At Maple Tree Funding we understand the dream of owning your own home. With today’s low mortgage rates and with several financing options, we can help you make that dream a reality. Whether you are applying for a FHA Mortgage or VA Mortgage, it will likely be the biggest purchase you will ever make.

Let Maple Tree’s Loan Officers assist you in your mortgage needs. Maple Tree Funding has access to all types of programs from dozens of Mortgage Bankers. While banks typically offer you only the programs they have available, we have the ability to examine loan programs from dozens of banks and lending institutions, many which are not available to the general public. Based on your financial data, your goals, and other personal information, our experienced and licensed professionals can provide you with the best options for your mortgage. We work to find you the best rates and programs.

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Think Mortgage… Think Maple Tree

Posted in Government Mortgages on Thursday, May 22, 2014 by Maple Tree Funding