When considering home loans, you have various options including Conventional loans with either fixed or adjustable rates, FHA loans with down payment assistance available, and VA loans. For those who are self-employed, bank statements or profit and loss statements can be used to qualify. There are also loans available that require no income or employment documentation, such as 'DSCR' Debt-Service-Coverage-Ratio Loans and asset depletion loans. Foreign nationals can explore specific foreign national loans or ITIN borrower loans. If you need quick financing, bridge loans, whether short or long term, can be an option. For home improvement projects, renovation loans and fix 'n flip loans are available, while construction loans cater to new builds. If you're looking to purchase a vacant lot, vacant lot loans can help. Hard money or private loans offer alternative financing solutions, and a 'HELOC' home equity line of credit can provide additional funds based on your equity. Additionally, we offer commercial loans and SBA loans to suit your business needs. If you're considering refinancing your existing mortgage, our team at Prospect Mortgage Company can guide you through your options.
