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Precision Loan Services offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
Conventional Conforming
VA
FHA
FHA Streamlines

Conventional Conforming

Financing for the purpose of purchasing or refinancing a home in the real estate market. Down payment and terms vary with fixed and adjustable rates available.

 

Conventional loans may require mortgage insurance depending on desired down payment. Call or email for further details.


VA

Available to qualifying veterans for the purpose of purchasing or refinancing a home in the real estate market. May allow veteran the option to put ZERO down payment.

 
Call or email for further details.

FHA

FHA plays a huge role in the current real estate market. It allows for first time home buyers and those with less than perfect credit to purchase a home. This program allows for more flexibility in documenting individuals credit history through explanation and make sense underwriting.

FHA currently only requires a buyer put in a 3 1/2% down payment. Since FHA is an insurance company and not a lender, the guidelines may vary as they are set by the lenders.

 


FHA Streamlines

FHA Streamline is the process of refinancing a current FHA loan in to a new FHA loan to convert to a lower interest rate. This process can often be done without the requirement of an appraisal. Home owner must be current on all mortage payments for at least the last 12 months. Loan terms and conditions may vary per lender.




Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.