Marketplace Home Mortgage offers a complete array of loan programs and services to meet your needs. We work with the leading lenders in the industry to provide:

FHA Loans
Ideal for first-time buyers, these low down-payment mortgages (2.25% to 3.00%) allow the seller to pay up to 6% of the buyer's discount points, closing costs and prepaid expenses.

Conventional Loans (FNMA or Freddie Mac)
Conforming long-term, fixed rate and adjustable loans that meet Fannie Mae and Freddie MAC loan limits and property and borrower guidelines. Maximum Loan amounts change frequently.

VA Loans
Long term, low or no down payment fixed rate loans guaranteed by the Dept. of Veteran Affairs. The seller can pay all costs associated with the loan.

Jumbo Loans
Mortgages that go over the FNMA and Freddie Mac loan limits. Loans of this type are typically $1,000,000 or more.

Home Equity Loans
Second Mortgages on Real Estate that already has a mortgage. Used mainly to consolidate debts, lower payments or for home improvements. Also used as a down payment to avoid paying mortgage insurance.

Pre-qualification
Generally it means you received an estimate of how much you may be able to borrow based on your financial circumstances.

Pre-approval
Pre-approval means you secure an underwriter’s commitment to let you borrow a specific loan amount. Your credit, income, and assets are verified.