Mortgage Programs LOAN PROGRAMS Spectra Mortgage is approved by the Department of Housing and Urban Development ("HUD") to offer FHA loans.  Additionally, we are approved by the Veterans Administration to offer VA Loans.  We also work with various banks and private mortgage companies to offer Conventional and Jumbo Loans.

Mortgage Programs Offered

• FHA loans (including $100 down payment program)
• VA loans
• Conventional Loans (loan amounts up to $417,000)
• Jumbo Loans (loan amounts above $417,000)
• Second Mortgages
• Home Equity Lines of Credit (“HELOC’S”)
• Fixed Rate, Adjustable Rate and Interest Only programs
• High LTV Loans without Mortgage Insurance

Transaction Types

• Purchases;
• Rate and Term Refinances (No cash back)
• Cash out Refinances (Cash Back or debt consolidation);
• Construction

Property Types

• Investment Properties (1 to 4 units)
• Investment Properties (multi-family and commercial)
• Second Homes
• Lot Loans
• Owner Occupied Properties

Borrower Types

• Investors
• Business Owners and Self Employed Borrowers
• First-Time and Non-First Time Homebuyers
• Great Credit and Lower Credit Scores

We maintain relationships with various banks and private lenders that allow us to offer competitive interest rates that are often lower than those offered by retail banks.  Additionally, we have access to many different loan programs that may provide favorable qualification guidelines, down payment requirements or other features that are advantageous for our clients.