Progressive Home Mortgage, Inc.

NMLS#

1323605

About

Progressive Home Mortgage, Inc.

Progressive Home Mortgage, Inc. is a real estate lending company that specializes in providing mortgage services to individuals and families. With years of experience in the industry, we understand the unique needs of our clients and strive to offer personalized solutions. Our team of qualified professionals is committed to guiding customers through the loan process, providing clarity, and assisting them in making informed decisions. We offer a range of mortgage options tailored to fit individual preferences and financial situations, including fixed-rate and adjustable-rate mortgages. At Progressive Home Mortgage, Inc., we prioritize transparency, ensuring that our clients are fully informed about the terms and conditions of their loans. Our goal is to help people achieve their dreams of homeownership by offering competitive rates, exceptional customer service, and a smooth lending experience. Whether you are a first-time homebuyer or looking to refinance your existing mortgage, we are here to assist you every step of the way.

Loan programs at

Progressive Home Mortgage, Inc.

At Progressive Home Mortgage, Inc., we offer a range of loan programs to suit various needs and preferences. Our loan programs include:

1. Conventional Loans:

- Suitable for borrowers with good credit scores and stable income.

- Typically require a down payment ranging from 3% to 20%.

- Offer both fixed-rate and adjustable-rate options.

2. FHA Loans:

- Backed by the Federal Housing Administration (FHA).

- Designed to help individuals with lower credit scores and limited savings qualify for homeownership.

- Low down payment requirement of 3.5%.

- Flexible qualifying guidelines.

3. VA Loans:

- Exclusively available to eligible veterans, active-duty service members, and surviving spouses.

- Offered by the Department of Veterans Affairs (VA).

- Provide 100% financing, eliminating the need for a down payment.

- Competitive interest rates and relaxed credit requirements.

4. USDA Loans:

- Supported by the United States Department of Agriculture (USDA).

- Intended to promote homeownership in rural areas.

- Zero down payment required.

- Income limits apply based on location and household size.

- Favorable interest rates.

5. Jumbo Loans:

- Ideal for financing high-value properties that exceed conventional loan limits.

- Available in fixed-rate and adjustable-rate options.

- May require a larger down payment and demonstrate strong creditworthiness.

6. Renovation Loans:

- Enable borrowers to finance both the purchase price of a property and the cost of renovations.

- Options include FHA 203(k) loans and Fannie Mae HomeStyle® Renovation loans.

- Streamlined application process with funds held in escrow.

- Increase the potential value and comfort of your home.

7. Adjustable-Rate Mortgages (ARMs):

- Offer lower initial interest rates compared to fixed-rate mortgages.

- Interest rate and monthly payments may adjust periodically after an initial fixed-rate period.

- Suitable for borrowers who plan to sell or refinance within a particular timeframe.

8. Fixed-Rate Mortgages:

- Provide the security of consistent monthly payments throughout the loan term.

- Available in 15-year and 30-year options.

- Interest rate remains unchanged for the entire loan period, offering stability.

Our knowledgeable team is ready to guide you through these loan programs and help you choose the one that best aligns with your financial goals and circumstances. Contact us today to learn more.