Programs

Loans We Offer

Explore our diverse range of mortgage services. Browse through our selection of first-time home buyer programs, refinancing options, investment property loans, and more. All aimed at helping you achieve your home ownership goals with ease and confidence.

100+ Reviews
4 star rating
4 star rating
4 star rating
4 star rating
4 star rating

Conventional

Conventional loans are not insured or guaranteed by the government. Instead, the loan is backed by private lenders. This can make them harder to qualify for. If you have a solid credit score and little debt, a Conventional loan is a great option. Even if that’s not the case, there’s still a chance you can qualify.

FHA

Federal Housing Administration loans, are government-insured mortgages that provide a path to homeownership for prospective buyers who meet the criteria to qualify for this type of home loan.

VA

This program allows lenders to issue financing with more flexible eligibility standards and repayment plans. As an eligible VA loan applicant, you’ll get the benefits of zero down payment requirements, lower credit score minimums, lower interest rates, and other purchasing perks that can only be accessed with a VA loan.

USDA

Thanks to the U.S. Department of Agriculture (USDA) mortgage program, buying a home is possible for many rural and suburban families. A USDA rural development loan offers a zero down payment, low interest rate mortgage to low- or moderate-income households.

203(K) RENO AND REHAB

Whether you’ve found a fixer-upper in a great neighborhood or you want to make upgrades to your existing home, one of Embrace’s Ready for Renovation options could be the answer.

Reverse Mortgage

For homeowners over 62, get access to home equity with no monthly principal & interest mortgage payment.

ARMS

Many first-time homebuyers are particularly attracted to ARMs due to the introductory “teaser” rates that are comparatively lower than those of exclusively fixed rate mortgages, thus reducing monthly payments and providing an affordable entry point to homeownership

Jumbo

Finance a property that’s too expensive for a Conventional loan.



Interest only mortgages

A mortgage is called “Interest Only” when its monthly payment does not include the repayment of principal for a certain period of time. Interest Only loans are offered on fixed rate or adjustable rate mortgages as wells as on option ARMs. At the end of the interest only period, the loan becomes fully amortized, thus resulting in greatly increased monthly payments.

Everyone’s situation is different.

Are you a first-time homebuyer looking for a loan with low or no down payment? Or an experienced borrower hoping to get a lower interest rate? Whatever the case may be, we can find a loan that’s right for your individual needs and lifestyle.

At Embrace, our mission is simple — to create the perfect mortgage just for you. We understand that getting a new loan can be daunting, so we’ll walk you through the entire process, step by step. We’ve helped hundreds of thousands of people purchase and refinance their homes since 1983. When you’re ready, we’ll make you feel right at home.

  • No Commitment
  • Fast and secure
  • Risk free

FAQs

The most common types of mortgages are Conventional loans and FHA loans. Understanding your options and the requirements for each mortgage can help you figure out which one is right for you. Because there are many different types of loans, every borrower should choose the mortgage and the lender that’s best for their specific needs.

Conventional
Many homebuyers prefer a Conventional loan with a fixed rate because the costs accompanying the loan are usually lower and you can often purchase a more expensive home. But because this type of mortgage is not backed by the government, they’re sometimes harder to qualify for than other loans. If you have a solid credit score, a Conventional mortgage may be a great mortgage option.

FHA
FHA loans are backed by the government so they’re one of the easiest types of mortgages to qualify for. At Embrace, we accept FICO® scores of 580 and above, along with down payments as low as 3.5%. On top of that, the down payment and closing costs can often be covered with gift funds. An FHA loan can be ideal for first-time homebuyers or borrowers who have challenging credit.

USDA
For homes in an area designated as rural by the U.S. Department of Agriculture, a USDA loan is often the way to go. And believe it or not, many suburban neighborhoods qualify as rural. With our USDA loans, you can enjoy zero down payment, below-market mortgage rates, and no private mortgage insurance.

Thinking about making some changes to your home? We can help make it happen. We offer two types of 203(k) loans, the FHA Full 203(k) and the FHA Limited 203(k), along with Fannie Mae’s HomeStyle renovation loan. Instead of managing two different loans, you can finance the expense of home repairs or a remodel with one mortgage refinance. And this way, you can take advantage of a low interest rate, too.

There are a number of good reasons to refinance your mortgage loan, especially when interest rates are low — and it’s not as complicated as it sounds. We offer several refinance loans, such as our cash-out refinance, debt consolidation refinance, and rate-and-term refinance, along with others.

DON’T WAIT,
LET’S CHAT TODAY!

contact us