Seniors
The Reverse Mortgage is an excellent financial planning tool that is used by senior homeowners (62 or older) to enhance their retirement years. A reverse mortgage is a loan that converts part of the equity in your home into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. This program has been endorsed by the AARP and is insured by the Federal Government.
At Premier Bancorp, we'll make sure you understand everything about reverse mortgages so you can decide if it is right for your particular situation.
Low Down Payment
The Federal Housing Administration (FHA) runs several programs to promote home ownership. We're approved to offer FHA loans with as little as 3½% down payment. FHA loans don't require perfect credit. They have no prepayment penalties. And they allow much of your down payment and closing costs to come from family gifts.
Since Premier Bancorp has access to hundreds of loan options, we'll find one that fits your budget.
Credit Issues
Getting a home loan depends a great deal on your credit report. If you have great credit, no problem.
But many people have less than perfect credit. If there is inaccurate information, we can help you get it corrected. If you’ve had difficulties paying your bills in the past, we may still be able to help. There may be some simple steps that you can take to improve your credit score!
At Premier Bancorp, we specialize in getting loans for borrowers with credit issues. We stay on top of loan programs designed for those with bruised credit, package your application to present your history in the best possible light, and work hard to get you the loan you need.
Challenge us with your situation. Give us a call today.
Luxury Homes
Moving on up? Need to finance a bigger dream? It's not as easy as it used to be. But fortunately, we have access to a variety of lenders that will finance higher balance loans. Recent changes to conforming loans have expanded allowable loan amounts. And jumbo loan programs are still out there if you know where to look.
Bigger loans represent more risk to lenders, so the qualification process can be a bit tougher. We're experts, so trust us to help you finance your dream home. Let's get started today.
Military Veteran
US Veterans and currently enlisted individuals qualify for a variety of benefits from the Department of Veterans Affairs. VA home loans were established to provide you with financial assistance in purchasing your dream home. However, many of almost 30 million Americans who qualify for this benefit either neglect to use it or do not take advantage of the benefits that can save them money.
Learn how you can take advantage of the benefits that you receive from a VA loan, such as no down payment, easier qualification, and other opportunities that can help you get into the home of your dreams. Premier Bancorp is ready to help you take advantage of the great financial opportunities the US Department of Veterans Affairs has available for you!
