Province Mortgage Associates, Inc 4

NMLS#

397424

About

Province Mortgage Associates, Inc 4

Province Mortgage Associates, Inc. is a real estate lending company that provides mortgage services in Connecticut, Massachusetts, Rhode Island, and New Hampshire. As a licensed mortgage lender and broker, Province Mortgage Associates, Inc. arranges loans but does not make them. With an NMLS ID of 2861, we adhere to all necessary regulations and operate with integrity in the industry. Our team of professionals is dedicated to assisting clients in navigating the mortgage application process and avoiding common mistakes. Whether it's saving for a down payment or understanding the intricacies of mortgage applications, we offer effective strategies and guidance to help clients achieve their homeownership goals.

Loan programs at

Province Mortgage Associates, Inc 4

- Conventional Loans: Traditional mortgage loans offered to borrowers with good credit scores and stable income. These loans typically require a down payment ranging from 5% to 20% of the home's purchase price.

- FHA Loans: Backed by the Federal Housing Administration, these loans have more flexible qualification requirements and allow for a lower down payment, usually around 3.5% of the home's purchase price. They are suitable for first-time homebuyers or those with lower credit scores.

- VA Loans: Specifically designed for veterans, active-duty service members, and eligible surviving spouses, VA loans offer favorable terms and benefits. They often require no down payment and have competitive interest rates.

- USDA Loans: These loans are intended for rural homebuyers who meet certain income and property location requirements. USDA loans offer low to no down payment options and competitive interest rates.

- Jumbo Loans: Designed for higher-priced homes that exceed the conventional loan limits, jumbo loans provide financing for luxury properties. They typically require a larger down payment and have stricter qualification criteria.

- Renovation Loans: These loans allow borrowers to finance both the purchase of a home and its renovation costs. Options may include FHA 203(k) loans or Fannie Mae HomeStyle® renovation mortgages.

- First-Time Homebuyer Programs: Province Mortgage Associates offers various programs and assistance for first-time homebuyers, helping them navigate the process and potentially access down payment assistance or low-interest loans.

- Refinance Loans: Borrowers can explore refinancing options to lower their interest rates, reduce monthly payments, or tap into home equity. Options include conventional refinancing, FHA streamline refinancing, and VA interest rate reduction refinancing loans (IRRRL).

Please note that the provided loan programs are based on the information available, and additional details and eligibility criteria may apply. It is recommended to consult with Province Mortgage Associates directly for personalized advice and accurate program information.