• Conventional

    Conventional or Conforming Loans are the most popular home mortgage and cater to applicants who have better than average credit, at least a 3% down payment, and who want to purchase outside of FHA loan limits.  Conventional clients enjoy low down payment requirements, starting at 3%, credit based interest rates, and numerous options for mortgage insurance.  $417,000 is the maximum loan amount in most areas, although it can exceed this number in certain parts of the country. ...

    Learn More
  • FHA

    FHA loans are mortgages that are insured by the Federal Housing Administration and are a great option for first and second time homebuyers alike.  FHA applicants will enjoy very low interest rates, lower credit score requirements, and a low down payment of 3.5%.  Certain applicants with specific circumstances can also push their debt to income ratio upwards of 50% in order to qualify for funding.  FHA loans can even accept a co-borrower to help a primary applicant qualify or allo...

    Learn More
  • Jumbo

    A mortgage is considered a jumbo loan when the borrowed amount is more than $417,000 (amounts vary by state).  Similar to the conventional loan, the equity or down payment and credit requirements will be higher than other loans, however, the borrower will continue to see benefits of low interest and mortgage insurance rates. Jumbo loans can sometimes be tricky, but The Hargrave Group has closed thousands of these types of loans and knows the in's and out's of getting them approved.  A...

    Learn More
  • Condos

    We cannot stress the point enough, that you must work with a condo mortgage expert in order to navigate a sometimes difficult transaction.  Condos, although they can be financed with every loan type avilable, have very intricate requirements in terms of the homeowner's association bi-laws, occupancy requirements, and amenities.  The Hargrave Group works with some of the top developers and condo focused agents in the area, so we start mapping out financing at square one, setting up wit...

    Learn More
  • Refinance

    The Hargrave Group has one of the highest refinance ratios companywide.  Erik is a refinance expert who can guide you through the sometimes confusing process, advising on the best program to meet both your long and short term goals.  We offer rate and term refinances, streamlined refinance, interest rate reduction loans, cash out refinance, renovation refinances, and pool escrow refinances, just to name a popular few.  Refinancing your mortgage can also be used to pay taxes, corr...

    Learn More
  • Renovation

    Renovation loans allow for the homeowner or buyer to upgrade or repair a property within one loan.  The home is appraised as-complete, meaning that the value is derived from the market value of the home after it is repaired and/or upgraded.  Renovation loans come in several different packages and can be used with virtually any type of loan product (conventional, jumbo, FHA, USDA, etc.).  

    Learn More
  • Pool Loans

    Pool escrow loans are a type of renovation loan that allows for the addition of a swimming pool, either in a refinance or purchase transaction.  Borrowers will enjoy one loan under one low interest rate.  There are limits on the amount of cost associated with the pool, which will be determined by the equity and property value of your home.  Pool escrow loans are a great alternative to a high interest equity loan and give you flexibility without paying cash out of your pocket.&nbs...

    Learn More
  • VA

    Veterans and active duty receive incredible benefits from a VA Home Loans. VA loans are mortgages that are insured by the Veterans Administration and available to active duty, veterans, and their spouses.  Borrowers will generally have less stringent credit requirements and, in most cases, are not required to make a down payment. VA loans have very attractive interest rates and no monthly mortgage insurance requirements. In an effort to give back to our Veterans, PrimeLending has recently ...

    Learn More
  • USDA

    USDA loans are mortgages that are insured by the US Department of Agriculture and focus on properties located in rural areas.  The USDA determines specific areas of the country, based on population, and opens up the opportunity for those areas to benefit from homeownership.  USDA applicants will enjoy 100% financing and can even roll their closing costs into the loan in some instances.  Credit score requirements are similar to FHA, however, family income is capped based on the me...

    Learn More
  • Owelty Lien

    Owelty liens are a type of lien that allows the owner of a home to use the existing equity in their home to assist in dividing property in the case of a divorce or inheritance. You can think of it as one party "buying out" the interest in a property from the second party. The party giving up their interest obtains an Owelty Lien via the divorce agreement (it has to be written as such in the acutal decree) or via warranty deeds from each heir relinquishing ownership in exchange for an equity pay...

    Learn More