R&B Mortgage Source, LLC

NMLS#

152349

About

R&B Mortgage Source, LLC

R&B Mortgage Source, LLC is a reputable real estate lending company that specializes in providing financing solutions for individuals and businesses in need of mortgage loans. With a wealth of experience in the industry, our team of professionals is committed to helping clients navigate the complex world of real estate financing. We offer a diverse range of loan products tailored to meet the unique needs of each borrower, including conventional mortgages, FHA loans, VA loans, and jumbo loans. Whether you are a first-time homebuyer or an experienced investor, we strive to simplify the lending process and provide competitive interest rates. At R&B Mortgage Source, LLC, we prioritize transparency and open communication, ensuring that our clients are informed at every step. Our dedicated loan officers work closely with borrowers to understand their goals and financial situation, providing personalized guidance and support throughout the application process. We believe in fostering long-term relationships built on trust, professionalism, and integrity. Contact us today and let our expertise guide you towards achieving your real estate goals.

Loan programs at

R&B Mortgage Source, LLC

The loan programs offered by R&B Mortgage Source, LLC include:

1. Conventional Loans:

- These are traditional mortgages offered by private lenders and can be used for purchasing or refinancing a primary residence, second home, or investment property.

2. FHA Loans:

- Backed by the Federal Housing Administration, FHA loans are ideal for first-time homebuyers or individuals with less-than-perfect credit. They require a lower down payment and offer more flexible qualification criteria.

3. VA Loans:

- Specifically designed for active-duty military personnel, veterans, and eligible surviving spouses, VA loans provide excellent benefits like no down payment, low-interest rates, and relaxed credit requirements.

4. Jumbo Loans:

- Jumbo loans are used when financing exceeds conventional loan limits established by Fannie Mae and Freddie Mac. These non-conforming mortgages are suitable for upscale properties and high-end real estate markets.

5. USDA Loans:

- The United States Department of Agriculture (USDA) offers loans for rural and suburban homebuyers with low to moderate income. These loans often require no down payment and feature competitive interest rates.

6. Renovation Loans:

- R&B Mortgage Source, LLC provides renovation loans that enable borrowers to finance the purchase or refinance of a home along with needed repairs or improvements. This type of loan simplifies the process of transforming a fixer-upper into a dream home.

7. Adjustable-Rate Mortgages (ARMs):

- ARMs offer an initial fixed interest rate for a specified period, typically 3, 5, 7, or 10 years. After the initial period, the rate adjusts periodically based on market conditions. This option suits borrowers planning to sell or refinance before the initial fixed-rate period ends.

8. Reverse Mortgages:

- Designed for homeowners aged 62 and older, reverse mortgages allow individuals to convert a portion of their home equity into cash. This can provide retirement income or be used to cover various expenses.

It's important to note that specific eligibility requirements, terms, and interest rates will vary depending on the loan program chosen. Potential borrowers are advised to contact R&B Mortgage Source, LLC directly for personalized information and guidance regarding their mortgage needs.