Gateway Mortgage Group offers the following mortgage types: Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government. fha: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium.
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Gateway Mortgage Group’s Correspondent Lending Division empowers clients to achieve their mortgage lending goals. When you choose Gateway as your partner, you will work with a highly experienced and accessible team that strives to purchase your loans in a timely manner.
Mountain Homes Lending offers a variety of different types of mortgage loans including FHA, VA, Jumbo loans, Conventional loans, usda rural development and many others. Our competitive mortgage interest rates and quick turn times are complimented by our warm customer service.
Gateway Mortgage Group – 98% more defaults, license revoked due to fraud. Compare Ratio: 198%.. Its default rate on FHA loans made in the past two years is 14.3 percent, or more than double.
· Mortgage Options With Less Than 20% Down. Downpayment for Conventional Loans: 5%. Conventional loans require buyers to make a minimum 5 percent downpayment on a home. Because this is a conventional loan, and because the downpayment is less than twenty percent, private mortgage insurance (PMI) will be required.
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FHA Loans. The FHA 203b loan is a very good loan for borrowers with low down payments, first time buyers, or borrowers who may need more flexible credit and income requirements. Current FHA borrowers may purchase or refinance with the FHA 203b loan program. Loan amounts for the FHA vary by state and county.
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FHA mortgage lending limits vary based on a variety of housing types and the state and county in which the property is located. FHA loans are designed for low to moderate income borrowers who are unable to make a large down payment.
As one of the largest privately held mortgage lenders in the country, Gateway Mortgage Group delivers value throughout every stage of a mortgage loan. From competitive pricing and robust product options to streamlined underwriting and reliable loan closings, our customers enjoy powerful solutions from a local company.
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