LA HOME HELPERS MORTGAGE, LLC.



1551 Magazine Street        504-264-5222     FAX 504-754-7897     New Orleans, LA 70130

 
WE HAVE A LOAN PROGRAM PERFECT FOR YOU!

100% financing available,  low closing costs,  FREE rate quotes


REVERSE MORTGAGE (HECM)

A Reverse Mortgage (HECM) loan is a federally insured government loan that lets you convert the equity in your home into cash without the added financial burden of a monthly mortgage payment. The equity in your property can be withdrawn and paid to you, without any tax responsibilities. Borrowers do not ever have to repay a reverse mortgage as long as it is their primary residence. A reverse mortgage loan may also be used to purchase a home.

FHA - Purchase / Refinance

FHA
loans are government insured mortgage loans. The FHA program has flexible credit requirements, and allows you to purchase a home with a 3.5% down payment. This type of loan also allows a co-applicant to help you qualify, even if they do not live in the home. The FHA insured loan allows you to refinance your current mortgage up to 97.75% loan to value (85% for cash-out loans).


FHA 203k

Streamline FHA 203k refinance loan program is for smaller renovations requiring less than $35,000 for repairs or updates. You may also refinance your mortgage with the FHA 203k loan to make updates and / or repairs to your current home.


The FHA 203k purchase loan program provides home buyers the opportunity to buy and fix up a property without exhausting their personal savings. Home buyers can purchase a property with a 3.5% down payment and include the costs to make required repairs or desired updates.

CONVENTIONAL

A Conventional mortgage meets the criteria set forth by Fannie Mae and Freddie Mac. This mortgage is not guaranteed or insured by the federal government. These loan types include fixed rate, adjustable rate, hybrid, and Jumbo Loans (loan amounts over $417,000). This loan option is best for higher credit score borrowers with 20% equity in their homes. They can also be used for non-owner occupied (investment property) financing.


RURAL DEVELOPMENT

With a Rural Development loan, applicants can obtain 100% financing to purchase a home under this program. With a rural development loan there is a small monthly mortgage insurance premium, and credit requirements are flexible. Mortgage payments are based on the household’s adjusted income. Eligible properties are located in areas mandated by the USDA.

VA

VA
loans are available through the Department of Veterans Affairs to eligible veterans, reservists, active-duty personnel or eligible family members. The VA loan offers 100% financing, no monthly mortgage insurance and credit requirements are flexible. VA loans can also be used to refinance your current mortgage to take cash out or lower the rate and payment.



Give Us a Call, Visit, or Send us an e-mail . . .We’re Here For You!




LA HOME HELPERS MORTGAGE, LLC

PH: 504-264-5222  /  FAX: 504-754-7897

1551 Magazine St., NOLA 70130

www.lhhmortgage.com

 

 

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