Types of Mortgages

Conventional Home Loan

If you’re in the market for a mortgage, you’ve probably heard of conventional loans. Conventional loans are one of the most popular types of home loans available, but what exactly are they, and what are their pros and cons?

Conventional loans are mortgages that are not backed by the government, unlike FHA or VA loans. Instead, conventional loans are backed by private lenders and are subject to their guidelines and requirements.

FHA Home Loan

FHA loan is backed by government, and therefore has more flexible guidelines which might allow higher debt. These loans are often offered to first-time homebuyers. FHA loans require minimum downpayment of 3.5 percent.

VA Loans

At iMortgage4u, we salute our veterans and are proud to offer VA loans as a way to thank them for their service. VA loans are backed by the U.S. Department of Veterans Affairs and offer many benefit

CDFI No Income Verification loans

Are you tired of being turned down for a mortgage because of your self-employment status or unconventional income sources?

If so, iMortgage4u has the solution you’ve been looking for with our CDFI No Income Verification loans.
Our CDFI No Income Verification loans are designed for: self-employed and freelance workers, seasonal and gig workers, real estate investors, owners and employees of cash businesses, and individuals who are newly self-employed or transitioning from recent health, family, or other life events.

These loans allow you to purchase or refinance a primary or secondary home without having to provide proof of income.

DSCR Loans

Are you looking to finance an investment property or expand your real estate portfolio? Our DSCR (Debt Service Coverage Ratio) loans may be the perfect solution for you.

Mortgage Calculator

Conventional

Purchase Price $

Mortgage Term

Down Payment ($)

5%

Annual Taxes ($)

1%

Interest Rate (%)

5%

Mortgage Insurance Rate (%)

0%

Annual Insurance $

Monthly HOA $

Want a Copy of the Results?

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Monthly PMI $0

FHA

Purchase Price $

Mortgage Term

Down Payment ($)

5%

Annual Taxes ($)

1%

Interest Rate (%)

5%

Annual Insurance $

Monthly HOA $

Want a Copy of the Results?

$1421

Monthly FHA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Up-Front MIP (1.75%)$0

Monthly Mortgage Insurance $0

VA

First Time VA Loan?

Mortgage Term

Purchase Price $

Down Payment ($)

0%

Interest Rate ($)

5%

Annual Taxes ($)

1%

Annual Insurance ($) $

Monthly HOA $

Want a Copy of the Results?

$1421

Monthly VA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Purchase Price $1421

VA Funding Fee $1421

Amount Financed $1421

Refinance

Current Loan Amount $

Interest Rate %

Current Term months

Origination Year

New Loan Amount $

New Interest Rate %

New Loan Term months

Refinance Fees $

Want a Copy of the Results?

Refinancing could save you

$/month

New monthly payment $

Refinance fees $

Lifetime Savings $

Contact me

If you need an immediate response, call me at (407) 970-8245