Schaefer Mortgage Corp. offers several programs like 80/20 loans VA Loans, FHA Loans, NHHFA Loans and Alt-A loans are available now and also allow for NO Mortgage Insurance in some cases.

80/20 loans are also described as combination financing or piggyback loans and offer a convenient way to provide creative financing in a purchase, refinance, home improvement, or debt consolidation transaction.

VA loan program also offers veterans 100% financing. Maximum loan amount is currently at $417,000.00. Couple this 100% financing with 4% seller paid closing cost and you have no cash layout.

FHA loans offer 97% financing and in some circumstances 100% financing is possible with the use of an approved Grant program. FHA allows up to 6% seller paid closing cost.

NHHFA Loans
The Single Family Mortgage Program provides first mortgage financing at below market rates, 30-year fixed rates, options with 1 point or with no points, low down payment requirements, cash assistance grants, and other flexible underwriting criteria. 

 

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