Loan Programs

• Conventional
• Credit Problems
• Jumbo Loans
• A - D Loans
• High Debt Ratio Loans
• 2nd Mortgage Loans

• Construction Loans
• Investor Loans 
• FHA Insured Loans
• VA Guaranteed Mortgages
• Encore Reverse Mortgages^TM

Conventional -

Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.

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Credit Problems -

Troubled credit? Bankruptcy? Been turned down somewhere else? We offer loan programs for customers with credit problems.

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Jumbo Loans -

Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation.

Cash out and No cash out refinance are allowable.  Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty. 

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A - D Loans -  

These mortgages are for the credit challenged. They can vary from slightly damaged credit to severely damaged. Whatever the situation we have a mortgage that will get you back on track.

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High Debt Ratio Loans -

A ratio of monthly bills to monthly income higher than 50% is considered a high debt ratio.  Loan programs are available for borrowers in this situation, allowing them to finance the purchase of a home or property.

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2^ND Mortgage Loans -

Subordinate to the first mortgage these loans offer the borrower the ability to get money for home improvement, debt consolidation or many other reasons without disturbing their first mortgage. Convenient when you have a low interest first mortgage.

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Construction Loans -

Building a new home can be an exciting prospect - unless you get caught up in a construction loan approval process that's overly complicated and time consuming. With this loan we will finance up to 90% of the cost of land plus the costs of construction. We offer a one time fixed rate closing or traditional ARM products.

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Investor Loans -

Used to finance 1-4 family properties that will be for investment with as little as a 10% down payment. Aggressively priced these programs have many variations such as No Doc, Limited Doc and Full Doc. Program may not be available in some states.

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FHA Insured Mortgages -

Home loans insured by the FHA are often available at attractive lower loan-to-value ratios than conventional loans. The primary advantage of an FHA loan is that the credit criteria are not as strict as for conventional loans sold to Fannie Mae and Freddie Mac. FHA underwriting standards apply, and they are insured by the Department of Housing and Urban Development (HUD). FHA loans can be used either to buy a new home or to refinance an existing home.

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VA Guaranteed Mortgages -

Alexander Lending can assist eligible veterans in obtaining a Veteran’s Administration (VA) loan to either finance a new home or refinance their current one. Eligibility requires either current active duty, or prior active service and an honorable discharge. VA loans are frequently used for zero-down purchases. They do not require mortgage insurance (PMI), and are also assumable by either another veteran, or a non-veteran purchaser, and have no prepayment penalty.

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Encore Reverse Mortgages^TM -

A Home Equity Conversion Mortgage (HECM) allows seniors 62 and older a truly unique financial tool: They can take a portion of their home equity in tax-free cash, and never make a mortgage payment again for as long as they continue to live in their home. Seniors can also use a reverse mortgage to purchase a new home, and move there with no future mortgage payments. There are no income or credit score requirements to qualify for an Encore Reverse Mortgage. A wealth of information detailing this federally insured seniors-only program is available by clicking on our Encore Reverse Mortgage section.

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