Programs and Services

Bridge Loans

Have you found a new house but not sold the old one yet? Use the equity in your current home to buy your new one!

• Perfect for relocating borrowers
• Use up to 80% of the value of the borrower's current home as the down payment on a new home
• Up to 12 months to repay (pay back when current home sells)
• No mortgage insurance needed
• No pre-payment penalty
• One to four unit properties

Lots of Land

Many prospective homeowners find the perfect land for their home, but are not ready to build. This package allows you to plan for the future by jumping on an opportunity right now.

• Borrower can plan now for their future
• 30 year amortization with 3 year balloon allows ample time to build
• Owner occupied or investment single family
• 3 acre maximum in improved subdivisions
• No prepayment penalty
• Flexible underwriting at up to 90% loan to value
• No upfront, application or rate lock fees

Prime Investment

Have you found the perfect property to invest in, but just don’t have the cash? This solution provides up to 100% financing on one to four unit investment properties.

• Purchase and Refinance transactions
• No income verification option
• Seller concessions allowed
• Minimum credit score of 580 required
• Credit issues handled on a case by case basis
• No upfront fees, no application fee, no rate lock fee

New Construction

Our new construction program offers those who want to build their dream home a simplified option. This solution includes only one closing, which reduces closing costs. Choose from simple, flexible draw options. Pay only interest payments during construction.

• Construction terms 6, 9, 12, 15, and 18 months
• Ground-up and Major Remodels
• Fico scores as low as 620
• The borrower may be the builder and the general contractor.

Debt Buster Refinance

What will you do with the extra cash? This solution reduces your debt while saving money each month! Use the equity in your home to pay off high interest debt and relieve the stress created by creditors knocking at your door.

• Low out of pocket expenses
• Pay off high interest debts and SAVE money and frustration
• Use the equity in your home to your advantage!
• No upfront fees, no rate lock fee, no application fee!

Refinance

Even as little as a 1% difference in your interest rate can save you over $100 each month and $30,000 over the life of your mortgage! Or, you can turn your equity into cash for whatever you need: Home Improvements, Vacation, College, etc.!

• Low to no out of pocket expenses
• Use the equity in your home to your advantage!
• No upfront fees, no rate lock fee, no application fee!
• Owner occupied or investment one to four family properties
• Lots of flexible options

Prime Silver

This solution is for borrowers with unique circumstances, including credit issues. Each borrower’s situation is evaluated individually, because we understand that sometimes extraordinary events happen in life that are out of your control. We’ll custom design a package with no income verification, no mortgage insurance, and fixed or adjustable rate choices.

• Purchase and Refinance transactions
• Owner-occupied or investment properties
• No mortgage insurance options
• Seller concessions allowed
• Single family, multi-family and condos
• Prior bankruptcy/foreclosure allowed
• No income verification program
• Each borrower's circumstances are evaluated individually
• No upfront, application, or rate lock fees

Prime 97/100

This solution provides homeownership for low to moderate income borrowers for little or no money down. Whether you desire a single family home, duplex, or condo, this financial solution is your answer to moving from a rental situation to your own home!

• Single family, duplex, condo - owner-occupied
• No pre-payment penalty
• Seller concessions up to 6% allowed
• Credit score above 619 means no money down
• Credit score above 579 requires 3% down (gift OK)
• If no credit history is present, alternative credit is allowed
• No cash reserves required
• Income must not exceed 120% of the area's median income as defined by Freddit Mac (freddiemac.com)
• Prior bankruptcy/foreclosure on a case-by-case basis

Gold Advantage - Conventional Financing

Conventional financing provides additional comfort and security for some borrowers. This program allows for the lowest rates with down payments available for qualified borrowers.

Prime Credit Plus

This solution is designed for the credit worthy borrower who has earned the right to obtain financing without verifications. Perfect for those who are self-employed. No income, no asset, no employment verification options!

• Purchase or Refinance
• 30 year fixed rate program
• Minimum credit score of 680 required
• Primary residence or second home
• No income verification
• No asset verification
• Creditly Challenged

Smart Flex

Whether you are a first-time homebuyer, or ready to move up to your next home, the Smart Flex Mortgage from Prime Mortgage Group offers you:

• Monthly Payment Options to help manage your cash flow
• Flexible Qualifying Standards to help you to afford the house of your dreams

With traditional home loans you pay the same amount every month for the life of your loan. Smart Flex allows you to manage your mortgage by offering up to four flexible payment options every month!

Here’s how it works:

• To free up cash for other commitments, make additional investments, or plan for your vacation, use the Minimum Payment Option!
• To keep up on interest payments while still saving some cash choose the Interest Only option!
• Choose the Full Principal and Interest Payment Option to keep your loan payments on schedule!
• Pay your loan down faster by making larger payments using the Full Principal and Interest Option using a 15-year term loan!

You can even make a large, lump sum principal payment and see the impact, with lower payments appearing on your future statements.

In Smart Flex, you have finally found a mortgage that works for you and adapts to your changing lifestyle. How many mortgage companies can actually offer you financial freedom? Prime Mortgage Group can!

Who really benefits from this type of mortgage?

Just about everyone. Whether you are self-employed, work on commission, or have seasonal income, you can match your mortgage payments to your cash flow. If you are retired or just starting your long-term plan, Smart Flex makes the most of your home equity and puts your mortgage to work for you. Investment property owners also benefit from using Smart Flex by balancing income and interest while freeing up funds for other investments.

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"Prime Mortgage Group made our first buying experience easy . . .”

"My husband and I thought that we had saved enough for our daughter’s college education. But, with the rising costs of tuition and college expenses, we fell a little short. Prime Mortgage Group showed us how to use the equity in our home to make up the difference . . .”