Loan Programs
We Help You To Achieve Your Goals.
Whether you’re a small business owner looking to expand, a homeowner looking to renovate, or an individual seeking personal financing, we have tailored solutions to help you achieve your goals.
At 1st Capital Lending Group, we understand that every financial situation is unique. That’s why our team of experienced professionals is dedicated to providing personalized service and finding the best lending options for you. We offer a wide range of loan programs, including:
FHA Loans
At 1st Capital Lending Group, we are proud to offer FHA loans to our clients. FHA loans are backed by the Federal Housing Administration and are a popular choice for individuals and families looking to purchase or refinance a home.
We will guide you through the entire loan process, from application to closing, ensuring a smooth and efficient experience. Our goal is to help you achieve your homeownership dreams and provide you with the personalized service you deserve.
Low Down Payment
One of the main advantages of FHA loans is the low down payment requirement. With an FHA loan, you may be eligible for a down payment as low as 3.5% of the purchase price.
Flexible Credit Requirements
FHA loans are known for their more lenient credit requirements compared to conventional loans.
Competitive Interest Rates
FHA loans often offer competitive interest rates, making them an attractive option for borrowers.
Mortgage Insurance
FHA loans require mortgage insurance premiums (MIP) to protect the lender in case of default. However, these premiums can be financed into the loan amount, making it more manageable for borrowers.
Conventional
At 1st Capital Lending Group, we offer conventional loans to help individuals and families achieve their homeownership goals. Conventional loans are a popular choice for borrowers who have good credit and can meet the standard requirements set by lenders.
At 1st Capital Lending Group, we understand the importance of finding the right loan program for your specific needs. Our experienced team is here to guide you through the conventional loan process, answer your questions, and provide personalized service every step of the way.
Flexible Loan Options
Conventional loans come in various forms, including fixed-rate mortgages and adjustable-rate mortgages (ARMs).
Competitive Interest Rates
Conventional loans often offer competitive interest rates, especially for borrowers with strong credit scores.
Down Payment Options
While conventional loans typically require a higher down payment compared to FHA loans, they offer more flexibility in terms of down payment options.
Private Mortgage Insurance (PMI)
PMI protects the lender in case of default.
Veterans
VA loans, also known as Veterans Affairs loans, are backed by the U.S. Department of Veterans Affairs and are designed to help veterans achieve homeownership.Â
At 1st Capital Lending Group, we understand the unique needs and challenges that veterans face, and our experienced team is committed to providing personalized service and support throughout the VA loan process. We are here to guide you through the eligibility requirements, assist with the application process, and help you secure the financing you need to achieve your homeownership goals.
No Down Payment
One of the significant advantages of VA loans is that they typically do not require a down payment.
No Mortgage Insurance
Unlike conventional loans, VA loans do not require private mortgage insurance (PMI). This can result in lower monthly mortgage payments compared to other loan types.
Flexible Credit Requirements
VA loans generally have more flexible credit requirements, making them accessible to a broader range of borrowers.
Streamlined Refinance Options
VA loans also offer streamlined refinance options, known as VA Interest Rate Reduction Refinance Loans (IRRRL) or VA Streamline Refinance.
First-Time Homebuyer Loans
Mortgage loans for first-time homebuyers are designed to assist individuals purchasing their first primary residence.
These loans often offer benefits such as lower down payment requirements, reduced closing costs, and more flexible credit score criteria to make homeownership more accessible to first-time buyers.
Government-backed loan programs, such as FHA (Federal Housing Administration) loans and USDA (United States Department of Agriculture) loans, are popular options for first-time buyers, offering competitive interest rates and less stringent qualification requirements.
It’s essential for first-time homebuyers to explore various loan options, compare interest rates and terms, and work with a reputable mortgage lender or loan officer to find the best mortgage solution tailored to their financial situation and homeownership goals.
Lower Down Payment
Down payment assistance programs may be available to help first-time homebuyers cover a portion of their down payment or closing costs, potentially reducing the upfront financial burden.
Flexible Credit Requirements
Some first-time homebuyer loan programs have more lenient credit requirements, allowing individuals with lower credit scores or limited credit history to qualify for a loan.
Education Programs
First-time homebuyer education programs may be required by some lenders or government agencies to ensure that buyers understand the homebuying process, budgeting, and financial responsibilities associated with homeownership.
Pre-approval
Taking advantage of pre-approval for a mortgage loan can help first-time buyers understand their budget and improve their negotiating power when making an offer on a home.
Investor Loans
At 1st Capital Lending Group, we offer investor loans specifically designed for real estate investors. These loans are tailored to meet the unique needs of investors who are looking to purchase or refinance investment properties.
Mortgage loans for investors offer financing options specifically tailored for real estate investors looking to purchase rental properties, fix-and-flip properties, or engage in other investment strategies.
Interest rates for investor mortgage loans may be slightly higher than those for primary residence loans, reflecting the higher risk associated with investment properties.
Down Payment Requirements
Down payment requirements can vary depending on factors such as the investor's creditworthiness, the type of property being purchased, and the loan program.
Fixed Rate Mortgage (ARM) Loans
Investors may have the option to choose between fixed-rate and adjustable-rate mortgage (ARM) loans, depending on their preferences and investment strategy.
Flexible Terms
Loan terms can range from short-term loans for fix-and-flip projects to longer-term loans for rental properties, providing flexibility to investors based on their investment goals.
Investment Property Types
Our investor loans can be used for a range of investment property types, including single-family homes, multi-unit properties, condominiums, townhouses, and more.
Foreigner Loans
Mortgage loans for foreign nationals are designed to provide financing options for non-U.S. citizens looking to purchase property in the United States.
These loans cater to the unique needs and circumstances of foreign investors who may not have a U.S. credit history or Social Security number.
Foreign national mortgage loans may require a larger down payment compared to loans for U.S. citizens, typically ranging from 20% to 40% of the property’s purchase price.
Lenders offering these loans may require additional documentation, such as a valid passport, visa, proof of income, and bank statements from the investor’s home country.
Financing for Residential and Commercial Properties
Our foreigner loans can be used to finance both residential and commercial properties.
Flexible Loan Options
Our team will work closely with you to understand your financial situation and develop a loan structure that suits your needs.
Documentation Requirements
Our experienced team will guide you through the required documentation process and help make it as smooth as possible.
Personalized Service
We understand the challenges and intricacies of investing in a foreign country, and our team is here to assist you every step of the way, from application to closing.
Refinance
Cash Out
Mortgage loans for cash-out refinancing allow homeowners to access the equity built up in their property by borrowing against it.
This type of refinancing replaces the existing mortgage with a new loan that is larger than the current outstanding balance, providing the homeowner with cash at closing.
Homeowners can use the cash from a cash-out refinance for various purposes, such as home improvements, debt consolidation, paying for education expenses, or covering unexpected expenses.
Cash-out refinancing typically allows homeowners to borrow up to a certain percentage of their home’s appraised value, minus any outstanding mortgage balance and closing costs.
Access Your Home's Equity
This can be a valuable financial tool, providing you with funds for various purposes, such as home improvements, debt consolidation, education expenses, or any other financial needs you may have.
Flexible Loan Terms
You can choose a loan term that works best for you, whether it's a shorter term for quicker repayment or a longer term for lower monthly payments.
Simplified Process
Our experienced team will guide you through the cash-out refinance process, making it as seamless and stress-free as possible.
Personalized Service
We understand that every situation is unique, and we will tailor our approach to meet your specific needs.
Refinancing: Second Mortgages and Lines of Credit
Mortgage loans for refinancing second mortgages and lines of credit allow homeowners to restructure or consolidate their existing debt secured by their property.
These loans enable homeowners to take advantage of lower interest rates, extend or shorten the loan term, or convert adjustable-rate debt into a fixed-rate mortgage.
Refinancing a second mortgage or line of credit can potentially lower monthly payments, reduce overall interest costs, or access additional equity for other financial needs.
It’s essential for homeowners to carefully review the terms and conditions of the new loan and consider consulting with a financial advisor or mortgage professional to ensure that refinancing is the right decision for their individual circumstances.
Greater Financial Flexibility
Refinancing a second mortgage or line of credit can provide homeowners with greater financial flexibility and may be particularly advantageous during periods of low interest rates or when seeking to improve their overall financial health.
Lower Monthly Payments
Homeowners may choose to refinance their second mortgage or line of credit to combine multiple debts into one, simplifying their financial obligations and potentially lowering their total monthly payments.
Access to Additional Funds
This can be helpful for various purposes, such as home renovations, debt consolidation, education expenses, or any other financial needs you may have.
Lower Interest Rates
By refinancing with these options, you may be able to secure a more favorable interest rate, potentially saving you money in the long run.
We Are Always Ready to Assist You!
Whether it's about loans, refinancing, or any other financial matters, I'm here to provide you with the information and guidance you need.
Did You Know?
Documents Needed to Obtain a Mortgage
To obtain a mortgage, you typically need to provide various documents to the lender to verify your financial situation and ensure you meet their qualification criteria. Here’s a list of commonly required documents:
1. Proof of Income
- Pay stubs covering the most recent 30-day period.
- W-2 forms for the past two years.
- If self-employed, profit and loss statements and two years of tax returns, including all schedules and forms.
- Additional documentation if income includes bonuses, commissions, or other sources.
2. Proof of Employment
- Verification of employment form completed by your employer.
- Contact information for your employer, including address and phone number.
3. Asset Documentation
- Bank statements for the past two to three months for all accounts (checking, savings, investment, retirement).
- Documentation for any other assets you plan to use for the down payment or closing costs.
4. Credit Information
- Authorization to pull your credit report.
- Explanations for any derogatory credit items or gaps in your credit history.
5. Personal Identification
- Valid government-issued photo ID, such as a driver’s license or passport.
- Social Security number.
6. Property Information
- Purchase agreement or sales contract if you’re buying a home.
- Property address and details.
7. Additional Documentation
- Divorce decree or separation agreement (if applicable).
- Gift letter if part of your down payment comes from a gift.
- Any additional documentation requested by the lender or underwriter during the loan process.
estimate your potential monthly mortgage payments.
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