Snare & Associates Mortgage Services, LLC

Loans

Buying a home is a big deal. It's a huge responsibility finding the right house, compiling the data, running the numbers, and then using all that information to make a sound decision. No less significant is finding the right mortgage lender to finance your project. No matter if it’s your first home, a vacation home, an investment property, or a remodeling, you’ll need to be prepared.

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LOAN TYPES

Refinancing

We at Snare & Associates Mortgage Services, LLC are experts on a variety of mortgage refinancing products that can be used to meet your refinancing needs. We have access to many programs for borrowers with excellent or poor credit.

Call us today at  1-866-574-3883 for more information on any of these topics:

  • Refinancing your current interest rate to save thousands of dollars over the life of your loan
  • Debt Consolidation so you can allow the borrower to free up money monthly
  • Cash-Out so you can use the equity in your home for other needs in your life
  • FHA & VA refinance products
  • Investment property refinancing

Loan Purchasing

Snare & Associates Mortgage Services, LLC specializes in the home loan purchasing process. We offer one-on-one, step-by-step assistance throughout the whole process. We also offer great rate options and low closing costs on all of our purchasing products.

Call us today 1-866-574-3883 for information on:

  • Conventional Loans for primary residence, 2nd home, or investment property
  • FHA Loans
  • VA Loans
  • USDA Loans
  • Non-Conventional Loans

VA Loans

Department of Veterans Affairs Home Loans, or “VA Loans” for short, are a popular option and benefit to the men and women who have honorably served in our nation’s armed forces. VA loans can help you purchase your dream home, save money, or obtain a lower interest rate.

Call Snare & Associates today at 1-866-574-3883, and we will gladly help you complete the process and maximize your benefits, which include:

  • No down payment
  • Lower interest rates
  • No mortgage insurance
  • No pre-payment penalty
  • VA assistance is available if temporary financial difficulty occurs
  • Credit scores down to 530 accepted
  • For more information on VA Loans, please follow this link.

FHA Loans

The Federal Housing Administration (FHA) has been helping people become homeowners since 1934. The Federal Housing Administration is part of the U.S. Department of Housing and Urban Development and insures the loan so lenders can offer a better deal. Snare & Associates has qualified associates to walk you through the entire process of getting FHA approval.

Call us today at 1-866-574-3883 to learn more about the following topics:

  • A borrower’s out of pocket investment can be as little as 3.5% and can be gifted from a family member, employer, charitable or local government entity
  • A seller can contribute up to 6% of the home’s purchase price toward closing costs through a seller’s concession
  • FHA Streamline refinance loans offer an easy, non-credit qualifying way for borrowers with FHA-insured loans to take advantage of lower interest rates
  • US citizenship is not required, but for those who are not citizens, they must be a lawful permanent or non-permanent resident alien with a valid Social Security Number (SSN)
  • FHA adopted the industry appraisal standards permitting the use of the Fannie Mae appraisal forms with no additional documentation (no valuation conditions form or homebuyer summary)
  • FHA has eliminated unnecessary requirements to make minor repairs
  • FHA no longer limits what closing costs the homebuyer is permitted to pay, so the homebuyer and seller, individually or jointly, can pay closing costs as agreed to in the sales contract
  • To provide expanded alternative to homeowners wishing to refinance, FHA will insure a cash-out refinance up to 85% of the appraiser’s estimate of value
  • 203K Purchase Renovation Programs allows you to receive up to $35,000 for upgrades and repairs
  • For Homestyle Renovations, you can receive up to 50% of new appraised value for adding additional structures
  • Credit Scores can be as low as 580 and still qualify with compensating factors
  • For more information on FHA Loans, please follow this link.

USDA Loans

Sometimes good credit and a steady income are not enough to qualify for a home loan. However, individuals and families may still be eligible to become homeowners with the help of a USDA guaranteed home loan. Snare & Associates has qualified associates to work with you to become USDA approved.

Call us today at 1-866-574-3883 to learn more about the benefits of USDA Loans, which include:

  • A 100% loan with no down payment for existing homes or new construction located in an eligible rural area
  • Closing costs, guarantee fee, pre-paid items, legal/service fees, and repairs may be included subject to appraised value
  • 30 year fixed rates
  • No PMI, which assists you in qualifying for a larger/newer home
  • “No Credit Score” programs available, but you must show ability and willingness to repay debts (ideal for applicants that do not have traditional credit)
  • Credit scores down to 580 accepted
  • For more information on USDA loans, please follow this link.

Investment Properties

Snare & Associates Mortgage Services, LLC offers a wide variety of products for investment properties. We also offer competitive rate options and high loan to values (LTVs) for our clients.

Call us today at 1-866-574-3883 about Conventional Investment Programs (1-4 units only), because we can help with:

  • Purchasing
  • Refinancing rates and terms
  • Refinancing cash-outs

Construction Loans

  • Up to 90% loan-to-value (LTV) with 6 or 9 month construction terms
  • 680 Minimum Credit Score
  • Stick-Built, Modular & Manufactured Properties
  • Lot Purchase & Construction Combo Available
  • Single Family Owner Occupancy Only (No Multi-Units and No Investment Properties)
  • Conventional, VA, FHA & End Loan Options Available
  • 1-Year Rate Lock Option
  • Bids Must Contain all Cost to Build which is defined as all costs associated with construction, renovation or tear down.

**These loans are examined on a case-by-case basis as each scenario is different from the next. Please be sure to contact Snare & Associates to discuss the details of your unique situation, so we can discuss the options that will best suit your needs.

Jumbo Loans

Snare & Associates Mortgage Services, LLC offers a wide variety of products for loan amounts greater than $417,000.00. Jumbo Loans are available in a variety of terms.

Call us today at 1-866-574-3883 to find out more about Jumbo Loans such as:

  • Availability for primary residences, second or vacation homes, and investment properties
  • Availability for fixed-rate or adjustable-rate loans
  • Higher interest rates than conforming and conforming high-balance home loans
  • Stricter underwriting and larger down payment requirements

Manufactured Homes

Manufactured homes are buildings made in a factory and then transported to a leased or buyer-owned lot. They give many lower-income families a realistic possibility of homeownership, but financing options can limited and expensive. We can help finance as long as the buyer and property meet certain requirements.

Call us at 1-866-574-3883 today for more information about Manufactured Home Loans such as:

  • Getting a maximum 96.5% loan to value (LTV)
  • Needing a 580+ credit score for both borrowers
  • Having the building permanently attached to a foundation system
  • No vinyl, wood or metal skirting accepted
  • No Single-wides or manufactured personal vacation homes
  • Title surrender process must have been completed as per state requirements, and manufactured home must be considered real property
  • Ineligibility for manufactured homes constructed prior to June 15, 1976

Debt Consolidation

Snare & Associates Mortgage Services, LLC offers a selection of solutions for your debt consolidation needs. You can pay off your mortgage and consumer debt, up to 85% loan to value (LTV). Consolidating your debts by taking out one large loan or a loan secured against an asset may help qualify you for a lower or fixed interest rate. Plus, you’ll only have to make a single monthly payment.

Call us at 1-866-574-3883 today to see if Debt Consolidation can help you:

  • Lower your interest rates
  • Lower your monthly payments
  • Protect your credit rating
  • Help you get out of debt faster

Renovation Loans

  • Up to 90% loan-to-value (LTV) Purchasing or Refinancing Reno Plus Program
  • 680 Minimum Credit Score
  • Financing for Electrical, Plumbing, HVAC Upgrades or Cosmetic Upgrades such as New Carpet, Paint, Tile, Kitchen Improvements, etc.
  • Single Family Owner Occupancy Only (No Multi-Units and No Investment Properties)
  • Bids Must Contain all Cost to Build which is defined as all costs associated with construction, renovation or tear down.

**These loans are examined on a case-by-case basis as each scenario is different from the next. Please be sure to contact Snare & Associates to discuss the details of your unique situation, so we can discuss the options that will best suit your needs.