Loan Programs
The mortgage process can be overwhelming and time-consuming, but it doesn’t have to be. Quikhome Mortgage Lending can help you find the right home loan for your needs, streamline the application process, and find the best mortgage solution for you.
Traditional Loan Program
There are a variety of home loans to choose from, and it’s beneficial to be familiar with them. We can assist you in choosing the best loan for your needs.
FHA Loan
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA).
VA Loan
VA loans are mortgages guaranteed by the Department of Veteran Affairs.
USDA Loan
USDA mortgage loans are available in specific areas and offer 100% financing options.
Conventional Loan
Conventional loans are loans that are not backed by a government agency.
Non-Traditional Loan Program
Non-traditional loans or non-QM loans (Qualified Mortgages) are designed for individuals and businesses that may not qualify for traditional financing.
DSCR Loans
Debt-Service Coverage Ratio (DSCR) loan. A DSCR loan is a non-traditional financing option that assesses the property’s ability to generate enough income to cover the mortgage payments.
Bank Statement Loans
Designed for self-employed individuals and real estate investors, Bank Statement Loans offer an alternative to traditional income verification methods.
P&L Only loans
Unlike traditional loans that rely solely on personal income, P&L Loans leverage your business’s profit and loss statements to assess your borrowing capability.
ITIN Loans
If you have an Individual Taxpayer Identification Number (ITIN) instead of a Social Security Number, you can still get a loan to buy property.
Mortgage Rate Options
Fixed Rate
The traditional fixed-rate mortgage includes monthly principal and interest payments that will never change during the loan’s lifetime. Learn More!
Adjustable Rate Mortgage
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Learn More!
Interest Only
Interest-only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan. Learn More!
Graduated Payments
Graduated Payment Mortgages are loans in which payments increase annually for a set period of time (e.g. five or ten years) Learn More!