You won't be placed into a loan profile created by the banking industry. We use common sense and will help you obtain the best home loan possible. We have a wide range of programs and together find the loan that's best suited for you. Not all buyers are created equal, and if by chance you are not in a position to purchase a home right now, we can advise you on how to get "Mortgage Ready".
Services
Conventional Loans
Report
When purchasing a home, this is the program that most people think of and first.
Over the years Fannie Mae and Freddie Mac, guideline setter for conventional financing, have made major changes in program options and have become more aggressive in the types of loan programs offered.
Both Fannie Mae and Freddie Mac programs are credit score driven and requirements for conventional loan qualification require higher credit scores, the down payment requirements have changed considerably.
Conventional loan programs now offer loans with down payments as low as 3% down payment and lower MI payments.
Over the years Fannie Mae and Freddie Mac, guideline setter for conventional financing, have made major changes in program options and have become more aggressive in the types of loan programs offered.
Both Fannie Mae and Freddie Mac programs are credit score driven and requirements for conventional loan qualification require higher credit scores, the down payment requirements have changed considerably.
Conventional loan programs now offer loans with down payments as low as 3% down payment and lower MI payments.
FHA Loans
Report
FHA might be just what you need.
Your down payment can be as low as 3.5% of the purchase price and it's now available on 1-4 unit properties.
The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal.
Most loans use a method of analyzing credit called credit scoring in the underwriting process.
Studies have demonstrated a direct relationship between low credit scores and higher mortgage delinquency rates.
As a result, many lenders have established minimum credit scores at which they will accept loans.
Your down payment can be as low as 3.5% of the purchase price and it's now available on 1-4 unit properties.
The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal.
Most loans use a method of analyzing credit called credit scoring in the underwriting process.
Studies have demonstrated a direct relationship between low credit scores and higher mortgage delinquency rates.
As a result, many lenders have established minimum credit scores at which they will accept loans.
USDA Loans
Report
The Rural Housing Program is offered through the USDA, through Direct and Guaranteed financing.
We are an approved lender for this program through the Guaranteed side.
It is designed to provide financing for properties outside metropolitan areas for the purpose of stimulating those areas for development.
Many homes inside the city limits of an area with larger populations will not qualify, but many of its surrounding communities will.
The RHD loan is for primary residence ONLY and no other properties can be owned by the applicant.
We are an approved lender for this program through the Guaranteed side.
It is designed to provide financing for properties outside metropolitan areas for the purpose of stimulating those areas for development.
Many homes inside the city limits of an area with larger populations will not qualify, but many of its surrounding communities will.
The RHD loan is for primary residence ONLY and no other properties can be owned by the applicant.
VA Loans
Report
With eligibility, VA loans are one of the best methods to use when buying a home.
Even active duty personnel or a Disabled Veteran may qualify for additional benefits on a VA home mortgage loan.
The VA Home Mortgage Program does not limit the number of times a veteran may use the program.
So who qualifies as a veteran?
VA mortgage loans cover the Army, Navy, Air Force, Marines, and also the Reservists and National Guardsmen.
If you qualify you can get a VA home loan for up to $417,000 with no money down.
Even active duty personnel or a Disabled Veteran may qualify for additional benefits on a VA home mortgage loan.
The VA Home Mortgage Program does not limit the number of times a veteran may use the program.
So who qualifies as a veteran?
VA mortgage loans cover the Army, Navy, Air Force, Marines, and also the Reservists and National Guardsmen.
If you qualify you can get a VA home loan for up to $417,000 with no money down.
Tools
Report
Use our tools to make the most of your home buying experience.
Who would make one of the biggest purchases of their lives without researching as completely as possible.
McCulloch Mortgage Team is so confident we are the best fit for you that we created these tools to help you make an informed decision.
Go ahead, use our tools and compare.
You'll see why we are the best.
Want to buy a home, but don't know how much you can afford?
Use this handy Affordability Calculator to help you get a rough estimate what you can afford.
Who would make one of the biggest purchases of their lives without researching as completely as possible.
McCulloch Mortgage Team is so confident we are the best fit for you that we created these tools to help you make an informed decision.
Go ahead, use our tools and compare.
You'll see why we are the best.
Want to buy a home, but don't know how much you can afford?
Use this handy Affordability Calculator to help you get a rough estimate what you can afford.
Reviews
Be the first to review McCulloch Mortgage Team.
Write a Review