• Search
  • Sellers
  • Buyers
  • Hot Listings
  • About
  • Nosy Neighbor
  • Realtors
  • Resources
  • Home Estimate
  • More
  • Relocating?
Login
843.655.7879

Sign in to your account

Need to reset your phone number?

Don't have an account with us?

Click here to sign up.

Loan Programs

Soooo. . . you're thinking of buying? Where should you start?

Start Here!

So what are the different loan programs available? Here's just a sampling: 

Downpayment Assistance Programs - What??

There are programs through Frederick City and County that will give you money towards a home purchase. These programs are available as frederick county has funding available and can range anywhere from $5000 up to as much as $7500, depending on what's available at this particular time and if you qualify.  Be sure and ask Jeri about these programs. 

Conventional Loans - I have money to put down!

Conventional options are available for as little as 3% down.   These loans also present several ways of handling mortgage insurance and loans with no Mortgage Insurance options.  See how these can benefit you.  If you have the ability to put 20% down- Conventional loans are the best option for you. Frederick County is a high cost area and our 2017 conforming loan limits are $424,100 and a high balance of $625,500 for a 1 unit property and $800,775 for a 2 unit property. Your 20% down payment means the best rates for 30 year amortization with no mortgage insurance. 

FHA - I have some money!

Do you lack the funds for a large down payment? Less than perfect credit? Not much credit or need to build credit? FHA loans are the answer for you. With just 3.5% down you can own your own home. Manual underwrites are possible with a FICO of 620 or higher. Buyers are eligible for up to 6% closing cost help from the seller – this means your investment is minimal and your gain is great.

FHA 203k Renovation - I found a great house, but it needs work!

Find a good home, but want to make it great? Want to update the kitchen or the bathroom? Then the FHA 203k renovation loan might be just what you need. We have 2 options to suit your renovation needs. If your repairs and updates are less than $35,000 then the Streamline option is just what you need. If your renovation work entails more; than the standard 203k renovation loan is in order. This allows you to buy a house with potential and make it your own.

Veterans Administration Loan- If you are saying 'I'm a Veteran, is there a program for me?' -then this one's for you!

As a Veteran you are eligible for 100% financing at great market rates for your service to our country. This is one loan at 100% with no mortgage insurance and if you are disabled from a service related injury, you may be eligible to waive the funding fee. Manual underwrites are available with a fico score of 620 or higher. With the possibility of seller paid closing costs of +4%, you can get into your new home with little to no money.

Guaranteed Rural Housing- I have no money, can you help?

Did you know that 100% financing for properties outside major city limits is still available through this program backed by the U.S. Department of Agriculture? If your family of 4 makes less than $101,000, or your family of 5-8 makes no more than $133,300, you could be eligible for this little known loan program. If you have child care costs subtract that amount off of your income, which means you could actually earn more than the limits. Income limits are county dependent. It is one loan at 100% with no mortgage insurance option- this program can’t be beat.

 

Reverse Mortgages- If you are 62 or older, this could be a great option!

With reverse mortgage programs there are no employment, income, assets or credit verification required. If you are age 62 or over, a purchase money reverse mortgage may be a great option to provide cash flow solutions for your financial challenges. A reverse mortgage allows you to pull money out of your primary residence and you never have to make a payment on the balance for as long as you live!

Want more information? Pick up the phone and Call me today at 843-655-7879.

Like or Share
Loading likes...

Address Search

Elke Thornton-Husch

Direct: 843.655.7879
Email: Elke@ElkeSellsMyrtleBeachHomes.com

 

Reviews on Zillow
4643363
"Elke was wonderful to work with and I would highly recommend her to anyone looking for an agent. She was extremely responsive, willing to work around ... more "
5.0/5.0
by user0177802
4733352
"We have worked with other great realtors but when it comes to Elke, we were completely amazed with Her professionalism and expertise. Her ... more "
5.0/5.0
by thesilverbean

Dream Home

  • Waterfront & Oceanfront
  • Luxury Homes

Myrtle Beach Area

  • Surfside Beach
  • Longs
  • North Myrtle Beach
  • Little River
  • Pawleys Island
  • Murrells Inlet
  • Conway
  • Myrtle Beach
  • Garden City

Surfside Beach, SC Communities

  • Ashton Glenn
  • Bella Vista
  • Belle Mer
  • Camellia Park
  • Caropines
  • Deerfield
  • Dogwood Lake
  • Floral Beach
  • Floral Lake
  • Harbour Village
  • Jamestowne Colony
  • Lakewood
  • Mallard Landing
  • Myrtle Oaks
  • North Garden City
  • Ocean Breezes
  • Ocean Oaks
  • Ocean Palms
  • Ocean Pines
  • Ocean Terrace
  • Plantation Estates
  • Portofino
  • Prestwick
  • South Bay Village
  • Southwood
  • Surfside Beach Club
  • The Retreat @ Ocean Commons

Homes By Price

  • Under $100k
  • $100k-$200k
  • $200k-$250k
  • $250k-$300k
  • $300-$350
  • $350-$400
  • $400-$500
  • $500+

  • Home
  • Advanced Search
  • Sellers
  • Buyers
  • Instant Home Value
  • About
  • My Featured Properties
  • Relocating?
  • Contact

Elke Thornton-Husch

3103 S Highway 17 Ste F
Murrells Inlet SC 29576
Direct: 843-655-7879
Email: Elke@ElkeSellsMyrtleBeachHomes.com

©2018 All Rights Reserved

 

Quick Searches

  • New Construction
  • Golf Course Homes
  • Waterfront Homes
IDX Real Estate Websites by
• Accessibility