Residential and Commercial Lending

First-Time Home Buyer Government Programs for 2024 Buying your first home can be challenging, especially when it comes to getting approved for a mortgage and coming up with the down payment. Thankfully, there are plenty of first-time home buyer government programs that can make things easier. Government loans for first-time home buyers There are several government loan options that are worth exploring if you need a little extra help qualifying for a mortgage: FHA loan:  580 credit score, 3.5% down HomeReady and Home Possible:  620-660 credit score, 3% down VA loan:  580-620 credit score, 0% down USDA loan:  640 credit score, 0% down FHA home loan FHA loans can help if you can’t afford a traditional 20% down payment or have a less-than-perfect credit score. You can put down as little as 3.5% at closing with an FHA loan.  These loans have more flexible underwriting standards and are insured by the Federal Housing Administration and issued by an FHA-approved lender. Credit score : FICO sc

Nationwide SBA Lending Available! SBA 7a and SBA 504 SBA 7(a) loans can be used for a variety of purposes, including:     Real estate :  Acquiring, refinancing, or improving real estate and buildings     Working capital :  Short- and long-term working capital, including startup costs and operating capital     Debt refinancing :  Refinancing current business debt     Equipment :  Purchasing and installing machinery and equipment, including AI-related expenses     Furniture, fixtures, and supplies :  Purchasing furniture, fixtures, and supplies     Changes of ownership :  Complete or partial changes of ownership     Multiple purpose loans :  Any of the above purposes     Business inventory :  Purchasing business inventory   Acquisitions :  Funding business acquisitions     Leasehold improvements :  Financing leasehold improvements, such as machinery, equipment, and rolling stock Car washes :  Acquiring a self-service or full-service car wash     SBA 7(a) loans are term loans that can p