Every homebuyer is different because each homebuyer has different needs and different financial goals.
That’s why Keystone Alliance Mortgage offers a variety of different home financing options.
Find A Loan That Best Fits Your Needs Below:
I have a below average credit score
FHA Home Loan
When applying for a loan, several factors are considered, including: credit score, length of your credit history, and the amount you can afford for a down payment. With less-than-perfect credit, Keystone Alliance Mortgage may be able to help you buy your home with an FHA loan. To qualify, your credit score needs to be at least 580. If you’re credit score is lower, you may still be in luck!
By placing 10% down, you may still be considered. Moreover, if it’s a lack of credit history that is causing your score to be low, you can provide documentation of utility and rent payments to prove financial fidelity. These non-traditional forms of credit may improve the probability of loan approval.
I am retired or am retiring soon
Home Equity Conversion Loan
Keystone Alliance Mortgage offers reverse mortgages to homeowners who are 62 years or older and have limited income, but have accumulated equity in their homes. Three types of reverse mortgages exist: single purpose mortgages, home equity conversion mortgages, and private proprietary reverse mortgages.
Aptly named, this loan requires the lender to make payments to the borrower; the “reverse” of a traditional mortgage. Essentially, you’re able to convert a portion of your home equity into cash if you own your house outright. Borrowers are still required to pay property taxes and applicable HOA fees and maintain the property.
I need extra money to do renovations
FHA 203K | Fannie Mae Homestyle®
FHA 203K Loan
Keystone Alliance Mortgage offers both the Standard 203k and the Streamlined 203k. Each version has similar features to a FHA mortgage, but are specialized for renovations and construction. Backed by the Federal Housing Administration, these loans are available to both buyers and refinancing households, allowing borrowers to purchase a home in need of work and letting homeowners borrow for renovation costs.
Fannie Mae Homestyle® Loan
When making renovations to your home, avoid a second mortgage by opting for a HSR loan with Keystone Alliance Mortgage. Because there is no need to occupy the house you’re improving, it’s perfect for vacation homes and investment properties. The list of eligible renovations is extensive and the stipulations are simple: the improvements must add value to the home and must be affixed to the property.
I'm looking to buy my second house
Home Equity Loan | Conventional Loans
Home Equity Loan
Keystone Alliance Mortgage offers home equity loans for homebuyers looking to find their fantasy getaway or a smart investment property. With this loan, a borrower can use the equity of their home as collateral.
Keystone Alliance Mortgage recommends conventional loans for those who have solid credit (701 and above). These loans are not backed by the federal government but conform to loan limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (Fannie Mae & Freddie Mac). Generally, unless you’re making a down payment of 20% or higher, mortgage insurance is needed.
Great for home buyers with low to moderate income who have little or no money for a down payment. Keystone Alliance Mortgage can assist qualified borrowers looking to buy a home that’s located in a rural area as designated by the USDA. These loans can also be used for home repairs, upgrades, and moderate renovations.
Guaranteed by the U.S. Department of Veterans Affairs, Keystone Alliance Mortgage can help service members, veterans, and their spouses find long-term financing to buy or build their dream home. VA loans offer 100% financing without the need for mortgage insurance.
I am a service member or veteran
VA Home Loan
Guaranteed by the U.S. Department of Veterans Affairs, Movement Mortgage can help servicemembers, veterans, and their spouses find long-term financing to buy or build their dream home. VA loans offer 100% financing without the need for mortgage insurance. If you have a valid Certificate of Eligibility, this may be the right loan product for you.
I want the lowest interest rate
ARM: Adjustable Rate Mortgage
An adjustable rate mortgage has interest rates that adjust over a set period of time. For example, a 10/1 ARM will maintain your introductory interest rate for 10 years and then adjust for the remaining 20 years. Generally, the introductory interest rate is significantly lower than a fixed rate mortgage which means your monthly rate is going to be lower for that introductory period as well. If you’re the mover-and-shaker type and plan on occupying the property for a short period of time (5-10 years), ask Keystone Alliance Mortgage about this loan with a low introductory interest rate.
I Could not be more pleased! Excellent team, awesome communication & swift action. Closed on our home with Zero issues & an entire week earlier than anticipated! I would give them 100 Stars if it were an option.!