Loan Programs
The following is a partial list of programs offered by Envoy Mortgage. with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 781-341-9700.
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Purchases to 97.5%
FHA
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Conventional- 30 Yr. Fixed
Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.
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FHA to 97% Loan to Value
97% Loan to Value
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Reverse Mortgages
Loan to Values to 60%
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VA Mortgages
Call for details
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Interest Only Option
Interest Only for the first 10 years of a 30 year fixed loan.
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Jumbo Loans
Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation.
Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.
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Challenged Credit Loans
These mortgages are for borrowers with less-than-perfect credit. They can vary from slightly damaged credit to severely damaged. Regardless of your situation, we have a mortgage that will get you back on track.
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Adjustables up to 10 years
You can get a Adjustable rate mortgage that is fixed for up to 10 years. Good for if you plan on being in the property for 10 years or less.
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Second Mortgage Loans
Subordinate to the first mortgage, these loans offer the borrower the ability to get money for home improvement, debt consolidation, or many other reasons without disturbing their first mortgage. Convenient when you have a low interest first mortgage.
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High Debt Ratio Loans
A ratio of monthly bills to monthly income higher than 45% is considered a high debt ratio. Loan programs are available for borrowers in this situation, allowing them to finance the purchase of a home or property.
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Credit Problems
Troubled credit? Bankruptcy? Been turned down somewhere else? We offer loan programs for customers with credit problems.
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No Down Payment
0% down payment available for VA loans and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs).
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85% Refinances
Loan amount up to 85% of the value of your home.
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