The FHA home loan allows for borrower’s to qualify with smaller down payments.  Fico scores 580 and higher can qualify for a payment of 3.5% down.  Fico scores between 500 – 579 can still qualify with 10% down. 

Pre-qualify for FHA mortgage financing (888)951-2929.

Grants for Homebuyers are available to assist with down payments and or closing costs.  Grants at Smart Mortgage Centers are completely forgivable and you are not required to be a first time homebuyer.  The grant program is only available to borrower’s applying for mortgage financing with Smart Mortgage Centers.

•  620 Credit Score Required
•  Grant is completely forgiven – no repayment required!
•  Grant can be used for down payment and/or closing costs
•  Seller Credit of 6% is allowed
•  Gift funds are allowed!
•  Borrower(s) not required to be First Time Homebuyers.
•  Income limit is based on qualifying income used for     transaction, not household income.

Our licensed Mortgage Brokers are standing by to assist homebuyers with grant questions and pre-qualification.

Apply for a Grant Now at (888)951-2929.

Home Possible® mortgages offer low down payments for low- to moderate-income homebuyers or buyers in high-cost or under served communities.  Home Possible® offers two programs for homebuyers.  Our Mortgage Brokers are standing by to explain Home Possible® and can answer any question you may have.

Pre-Qualify now for Home Possible® at (888)951-2929.

Read more about the 3% Down option or the 5% down option.

Home Possible Advantage® 3% down program.

• LTV: Maximum LTV of 97 percent; TLTV 105 percent.
• Property Options: 1-unit properties, condos and planned unit developments; manufactured homes are not eligible.
• Flexible Sources of Down Payments:Down Payment can come from a variety of sources, including family, employer-assistance programs and secondary financing.
• Cancellable Mortgage Insurance: Mortgage insurance (MI) can be cancelled after loan balance drops below 80 percent of the home’s appraised value.
• Stable Mortgages: Fixed-rate mortgages with a term of up to 30 years.
• Refinance Flexibility: Purchase and no cash-out refinancing options available.
• Income Flexibility: No income limits in underserved areas. Use the Home Possible Income & Property Eligibility Tool to see income limits for specific properties.
• Primary Residence Only: All borrowers must occupy the property as their primary residence.

Home Possible® 5% down program

• LTV: Maximum LTV and TLTV of 95 percent.
• Property Options: 1-4 units, condos and planned-unit developments; manufactured homes are eligible with certain restrictions.
• Flexible Sources of Down Payments:Down Payment can come from a variety of sources, including family, employer-assistance programs and secondary financing.
• Cancellable Mortgage Insurance: Mortgage insurance (MI) can be cancelled after loan balance drops below 80 percent of the home’s appraised value.
• Mortgage Flexibility: 15- to 30-year fixed-rate mortgages, 5/1, 5/5, 7/1 and 10/1 ARMs.
• Refinance Options: No cash-out refinancing option is available for borrowers who occupy the property.
• Income Flexibility: No income limits in underserved areas. Use the Home Possible Income & Property Eligibility Tool to see income limits for specific properties.
• No Credit Score Necessary:Borrowers without credit scores are eligible for mortgages with down payments as low as five percent.

Our low down payment mortgage designed to help lenders confidently serve today’s market of creditworthy low- to moderate-income borrowers.

HomeReady qualified Mortgage Brokers are standing by to answer questions and pre-qualify homebuyers now.

Pre-Qualify for HomeReady®  (888)951-2929

• Have low to moderate income
• Are first-time or repeat homebuyers
• Have limited cash for down payment
• Have a credit score ≥ 620; borrowers with credit scores ≥ 680 may get even better pricing
• Have supplemental boarder or rental income
• Are looking to purchase or refinance

Unlike government-insured loans, with HomeReady, borrowers may have the option to cancel their mortgage insurance once their home equity reaches 20%. This can result in lower monthly payments down the road.

With HomeReady, cash for down-payment and closing costs can come from multiple sources, including gifts, grants, and Community Seconds ® – with no minimum personal funds required.

A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.  USDA Mortgage Brokers are available to answer questions and supply homebuyers with pre-approvals to shop for eligible homes.   Our Mortgage Brokers are happy to look up eligible USDA properties or homebuyers can check to see if a property is eligible here. https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

Pre-Qualify for a USDA Home Loan (888)951-2929.

For eligible veterans and active duty military personnel a VA mortgage loan can be a wonderful benefit to take advantage of. The Department of Veterans Affairs guarantees these loans, which can finance as much as 100% of the value of the property, ensuring low rates and easier qualification guidelines when compared to conventional loans.

Local VA Mortgage Brokers (888)951-2929.

Whether your home improvement projects are large or small, a home renovation loan from Smart Mortgage Centers may be right for you. With a home improvement loan, you’ll be able to finance simple upgrades, remodeling or more complex renovation projects, and everything in between. Monthly payments on home renovation loans are typically lower than credit cards or personal loans and, in some cases, financing may even be tax deductible*. If you’re considering a home remodel, here is more information about home remodeling loans and what they can do for you and your home.

Get your Home Renovation Questions answered now (888)951-2929.

If you plan to purchase a fixer-upper or renovate your existing home, an FHA 203(k) loan may be the perfect loan for you. FHA 203(k) loans are backed by the federal government, and are a great loan option for those who want to purchase a home and perform upgrades, repairs, remodel or customize to their needs and wants.

Smart Mortgage Centers has FHA 203(k) specialists standing by to answer all of your FHA 203(k) Renovation Loan questions. 

What Is A Manufactured Home Loan?

Manufactured home loans are designed for factory-made homes built on a permanent chassis, and generally come in single or two-section units. This option offers various types of loans for homebuyers: FHA, VA, and conventional loans.

Our Licensed Mortgage Brokers are ready to assist you at (888)951-2929.

What Are The Advantages Of A Manufactured Home Loan?

They may be small homes, but don’t be fooled – they come with big benefits. If you’re considering a ditech manufactured home loan, these are some of the advantages:

• Manufactured home loan rates are affordable
• You can choose between a conventional, FHA, or VA loan
• Down payment options as low as 3.5% for FHA and 5% for conventional
• Manufactured homes are environmentally friendly

The Requirements Of A Manufactured Home Loan

To find out if a property qualifies for a manufactured home loan, it makes sense to seek the advice from a lender, like us. But here are some general guidelines:

• The home was built on or after June 15, 1976
• Has no wheels and is designed as a single-family dwelling
• Has a minimum of 400 sq. ft. for an FHA mortgage
• Has a minimum of 600 sq. ft. for a conventional loan
• Is permanently affixed to the property site for more than 12 months
• You have a credit score of at least 580 for an FHA or 620 for a conventional
  (Other restrictions may apply, depending upon product and State.)

If you like small home living, or If you’re a renter and want to take the first step to homeownership, a manufactured home loan could be right up your alley.

A Home Loan Specialist can give you more information on manufactured home loan rates and whether this loan is the right option for you.

Homeowners with equity in their home have the option of refinancing with cash out.  Put your cash to good use by paying off debt, investing in a second home or investment property, add to or protect your existing investments.

Find out how much cash is available now (888)951-2929.

Debt can add up fast and in most cases would take an eternity to pay off.  Every month households have payments, student loans, high interest credit cards and car payments.  Unfortunately for some the payments are due each month and they create unwanted daily stress.  With a debt consolidation refinance borrowers are paying off these high interest payments with the equity from their home.  This creates one new mortgage payment and eliminates the stress of high interest payments and debt.

Find out if you qualify for a Cash Out Refinance (888)951-2929.

Rate and term refinancing is driven primarily by a drop in interest rates.  When rates drop, take advantage of free quotes to see how much you can save.   Thinking about changing your term, we offer fixed and adjustable terms from 3 years to 30 years.  Common fixed rate terms would include our 10, 15, 20 and 30 year mortgage.  Fixed Adjustable Rate Mortgage or ARM terms would include extremely low rates for 3, 5, 7 and 10 years.  Looking for a custom fixed terms from 8 – 30 years, we got you covered.

Start your Rate and Term Refinance now (888)951-2929.

Current on your mortgage? Little or no equity in your home? You could be eligible to save up to $2,400 a year with HARP.   HARP Mortgage Brokers are standing by to see if you qualify for this program.

• The mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac
• The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009
• Borrowers must be current on their mortgage payments with no payments more than 30 days late in the last six months and no more than one late payment in the last 12 months
• Eligible property types are primary residence, one-unit second home and one-to-four-unit rental property
• The current loan-to-value (LTV) ratio must be at least 80 percent. There is no maximum LTV limit for a new fixed-rate mortgage. The maximum LTV for a new adjustable-rate mortgage is 105 percent.
• You cannot have previously refinanced under HARP (unless it was a Fannie Mae loan refinanced under HARP between March and May 2009)

Find out if you Qualify for HARP (888)951-2929.

Mortgage rate uncertainty and economic times can be stressful on those with Adjustable Rate Mortgages.   It could be a good time to consider refinancing your ARM into a fixed-rate mortgage, locking in a low rate and securing a set payment over the remaining life of your mortgage.

Get a low rate fixed mortgage quote now (888)951-2929.

The HELOC or Home Equity Line of Credit has variable mortgage rates.  Homeowners with current equity lines can be vulnerable to rising interest rates and increased payments. Refinance your Home Equity Line into a new 1st Mortgage. Act now and get a lower rate and one new payment.

Mortgage Brokers are ready to assist you now (888)951-2929.

Refinance guidelines say that income, assets and credit are not verified; nor is employment. Appraisals are not required, either.  Fast Closings![

Apply now for FHA Streamline Refinancing (888)951-2929.

VA Mortgage Refinancing

More and more Veterans who own homes are using VA’s mortgage refinancing options to conserve cash through lower interest rates—or take advantage of their home’s equity to pay for school, debt, or home improvements. The following programs may be available to qualifying Veterans:

• Cash-Out Refinance Home Loans – Take advantage of your home’s equity to take cash out through refinancing, or refinance a non-VA loan into a VA-guaranteed loan.
• Interest Rate Reduction Refinance Loans – See if you can lower your monthly mortgage payment by obtaining a lower-interest loan—or stabilize your monthly payments by moving from a loan with an adjustable interest rate to one that’s fixed.

VA Mortgage Brokers are standing by to see if one of these options is right for you. (888)951-2929.

IRRRL stands for Interest Rate Reduction Refinancing Loan. You may see it referred to as a “Streamline” or a “VA to VA.” Except when refinancing an existing VA guaranteed adjustable rate mortgage (ARM) to a fixed rate, it must result in a lower interest rate.

Start your VA IRRRL now (888)951-2929.