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I want a loan with no down payment:

USDA | VA

USDA Loans

Great for home buyers with low to moderate income who have little or no money for a down payment. Keystone Alliance can assist anyone 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.

Benefits of USDA Loans
  • Low interest rates (as low as 1%)
  • Little to no down payment
  • Seller can contribute to closing cost and sales price

VA Loans

Guaranteed by the U.S. Department of Veterans Affairs, Keystone Alliance 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.

Benefits of VA Loans Include:
  • Low interest rates
  • Zero down payment
  • Seller can contribute to closing cost and sales price
Get a Home for ZERO Down

I need extra money to do renovations.

203k | Fannie Mae Homestyle

FHA 203K Loan

Keystone Alliance 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.

Benefits of FHA 203K Loans
  • Low interest rates
  • Little down payment
  • Borrow funds to purchase, refinance, or repair a home

Fannie Mae Homestyle Loan

When making renovations to your home, avoid a second mortgage by opting for a HSR loan with Keystone Alliance. 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.

Benefits of the Fannie Mae Homestyle Loans
  • Low interest rates
  • Luxury home improvements are eligible
  • Loan amount is based on the “completed house” value
See How Much YOU Can Save

I want a loan without mortgage insurance.

80/10/10 | LMPI

80/10/10 Loan

The “Piggyback Mortgage” - as it is sometimes called - is ideal for homebuyers who have to find a residence before their current house sells or desire to forgo mortgage insurance. 80% of the loan is a fixed rate mortgage, 10% is a home equity line of credit (HELOC), and the other 10% is your down payment.

However, even with only 10% down, a homeowner can avoid the expense of mortgage insurance. Interestingly, this loan is actually two mortgages; one for the majority amount borrowed, and a second for the amount that remains. With an 80/10/10 loan, Keystone Alliance can assist homebuyers who have found the picture-perfect home, even if it exceeds their loan limits.

Benefits of 80/10/10 Loans

LPMI

Lender-paid mortgage insurance is an option some homebuyers use to eliminate private mortgage insurance without a 20% down payment. While your interest rate will be higher, you’re still coming out ahead by circumventing the mortgage insurance. Another perk of LPMI is that your mortgage interest payments are tax deductible, whereas your mortgage insurance payments are not. Through Keystone Alliance, homebuyers can save on their monthly payments with LPMI.

Benefits of LPMIs
  • Avoid private mortgage insurance
  • Lower monthly payments
  • Tax deductible
Find Out if YOU Qualify

I'm a servicemember or Veteran.

VA

VA Loans

Guaranteed by the U.S. Department of Veterans Affairs, Keystone Alliance 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.

Benefits of VA Loans
  • Low interest rates
  • Zero down payment
  • Seller can contribute to closing cost and sales price
Find out NOW if Your Eligible

I want the lowest interest rate.

ARM

ARM

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 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 about this low interest loan.

Benefits of an ARM
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I have a low credit score.

FHA

FHA Loan

When applying for a loan, several factors are considered: credit score, length of your credit history, and the amount you can afford for a down payment. With less-than-perfect credit, Keystone Alliance can 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’re still in luck!

By placing 10% down, you can 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 can improve the probability of loan approval.

Benefits of FHA Loans
  • Low down payment
  • Lenient credit score requirements
  • FHA loans are assumable (a buyer can “assume” your loan)
Find Out if YOU Qualify

I'm retired or close to retiring.

Reverse Mortgage

Reverse Mortgage

Keystone Alliance offers reverse mortgages to homeowners who are 62 years or older and have limited income, but have accumulated wealth 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.

Benefits of Reverse Mortgages
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I'm looking to buy my second house.

Home Equity Loan | Conventional Loan

Home Equity Loan

Keystone Alliance 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. Two types of home equity loans exist: closed end (loan) and open end (line-of-credit).

Benefits of Home Equity Loans

Conventional Loan

Keystone Alliance 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.

Benefits of Conventional Loans
  • Short processing time
  • Lower interest rates
  • Builds equity quickly
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I want to build my home.

Construction Loan | End Loan

Construction Loan

Trying to build the beautiful home you have imagined? Keystone Alliance can set you up a with a construction loan to get you started. Usually, the length of the loan is drawn up for either one year or the length of the construction. Essentially, you have a line of credit, which means you’re only paying interest as you use (or borrow).

Benefits of a construction loan:

End Loan

Need help paying off your construction loan? No problem! Keystone Alliance can offer you an end loan. This long-term loan can be used to pay off short-term construction loans. Whereas a construction loan provides funds to the homeowner to pay their builder as the construction progresses, end loans are paid back by the buyer when the home is complete and the keys are in hand.

Benefits of End Loans
  • Lower closing costs than construction loans
  • Can be used to pay off multiple construction loans
  • Ensures that construction is finished
See How Much YOU Can Save

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