Your Mortgage Options

At Hiott Financial Corporation we assist you with determining the best mortgage product to fit your personal needs. Please see the current financial options below.

USDA Rural Development

A USDA Rural Development guarantee loan is a mortgage in which a down payment is not required. The homes must be in an approved area. There are also certain requirements for the purchasers. This is a very good option for first time homebuyers.
• 100% financing available
• Seller can pay buyers closing costs and prepaid items
• Excellent interest rates
• Credit scores as low as 640 acceptable

FHA Loans

First-time home buyers choose FHA loans for their low rates and because they are often easier to obtain.

• lower down payment
• more liberal qualifying formula
• fixed rate
• 1-year ARM loan

VA Loans

If you are active duty or retired military, the Veterans Administration offers a number of mortgage options that could be right for you.

• possible for a veteran to obtain 100% loans
• no down payment
• more liberal than conventional lenders
• now offers a 3-1 ARM
  
  

Conventional Loans

A conventional loan is a mortgage loan, which is not insured or guaranteed by any agency of the state or federal government.

• Loan limit is up to $417,000.00
• possible to borrow up to $2,000,000
• Jumbo Loans
• Interest-only loans

Download an Application

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