Loan Programs

We offer a variety of loan programs to fit your needs, including conventional and government-backed loans. Government-backed loan programs may require little to no down payment, less than perfect credit scores and higher debt-to-income (DTI) ratios.
Check out our snapshots below to find a loan program for you.

Please visit our Disclosures page for more details on all loan types

Conventional Mortgage

• Minimum 620 FICO Score

• 5% Down*

• Upfront Mortgage Insurance Can Be Financed

• Mortgage Insurance Is Required Unless Down Payment Is 20%+*

• Gift Funds Allowed

• Non-Occupying Co-Borrowers Allowed

• Second Home & Investment Properties Allowed

FHA - Federal Housing Administration

• Minimum 580 FICO Score

• 3.5% Down*

• Down Payment Assistance Allowed

• Upfront Mortgage Insurance Can Be Financed

• Mortgage Insurance Premium Is Required For The Life Of The Loan Unless Down Payment Is 10%+*

• Gift Funds Allowed

• Non-Occupying Co-Borrowers Allowed

• Must Be Owner-Occupied

USDA - United States Department of Agriculture

(Available only for homes within an eligible rural area)

• Minimum 620 FICO Score

• 0% Down

• Down Payment Assistance Eligible

• Upfront Guarantee Fee May Be Financed

• Annual Fee Is Required For The Life Of The Loan

• Gift Funds Allowed

Must Be Owner-Occupied

• Income Limits

• Purchase Price Limits Based On Local Area

• Not available for manufactured homes, homes with 25+ acres, homes with income-producing features (rental homes, MIL units, business access, etc.) or homes with an in-ground swimming pool

• Not available for "fixer-uppers" or rehab homes

VA - U.S. Department of Veterans Affairs

(Available only to veterans, active duty military personnel and/or their spouses)

• Minimum 580 FICO Score

• 0% Down

• Down Payment Assistance Eligible

• Funding Fee May Be Financed

• No Annual Mortgage Insurance Required

• Gift Funds Allowed

• Must Be Owner-Occupied

Refinance & Cash-Out Mortgage

(Refinances may be conventional or government-backed)

• No Down Payment

• Refinancing Options For Payment Reduction Or Cash-Out

• Multiple Refinancing Terms

(10, 15, 20, 25 and 30 Years)*

• Upfront Mortgage Insurance Can Be Financed

• Mortgage Insurance Is Required Unless Loan-To-Value (LTV) Is Less Than 80%

• Can Be Primary Home, Second Home Or Investment Property

Reverse Mortgage

(Available only to seniors ages 62 and older)

• Purchase Or Refinance

• HUD Counseling Required

• The Bank Does NOT Own Your Home

• Multiple Disbursement Methods

• Must Be Owner-Occupied

• Property Taxes & Insurance Must Be Paid

 

© 2020 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

 
 

Phone: (707) 442-2242

Fax: (707) 442-7742

3117 E Street Eureka, CA 95503

©2020 by Key Mortgage Group.

A Division Of American Pacific Mortgage Corporation NMLS #1850

Branch #1357 - Branch NMLS #1461862

Licensed in California by the Department of Business Oversight under the CRMLA

Privacy Policy | California Consumer Privacy Act | NMLS Consumer Access | Accessibility | Equal Housing Opportunity