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Tyler Lending Group offers an array of home loan programs to meet your needs. We work with the nation's leading banks and mortgage lenders in the industry to bring you a wide variety of products with flexible guidelines such as FHA, VA, USDA and conventional loan products. Home loans with $0-down payment requirements as well as financing options for construction of new homes and renovation funds for homes in need of updating.
 
Conventional Home Loans
Delayed Financing
FHA 203(b)
FHA 203(k) Standard
FHA 203(k) Streamline
Home Equity
HomeStyle Renovation
Non-QM (Qualified Mortgage) / Alternate Loan Solutions
Reverse Mortgages
USDA Guaranteed Rural Housing Loan
VA - Veteran's Affairs Loan
VA Renovation Loan

Conventional Home Loans
Our Conventional loan programs require a minimum 620 score, down-payments starting as low as 3% and loan amounts up-to $679,650. We have both Fixed Rate and ARM options and all occupancy types; Primary, Secondary & Investment. Customizable loan terms 8-30YR fixed. With and Without PMI!
 
Contact Tyler Lending Group for complete details and restrictions regarding Conventional Home loans.

Delayed Financing
Did you pay cash for your home for a quick closing? If it is within 6 months of the purchase, it’s not too late to finance your home with our Delayed Financing program. Delayed Financing can help you leverage your cash assets. Call us today to get started!

FHA 203(b)
Tyler Lending Group offers a complete line of loan products under the Federal Housing Administration's (FHA) loan program. FHA loans are available for both purchases and refinances and offer many benefits such as reduced interest rates, lower down-payment requirements, flexible underwriting guidelines and lower credit score requirements than other loan programs. We have access to lenders accepting credit scores down-to 580. Minimum down-payment requirements start at 3.5%. We also have access to some of FHAs specialty programs such as $100 down-payment, 203k Renovation loans and Good Neighbor Next Door to name a few. Currently HUD's local (Smith County) loan limit for FHA loans $294,515.
 
Maximum loan limits apply based on county. Contact Tyler Lending Group today to see if an FHA-insured home loan is the right option for you.

FHA 203(k) Standard
The standard FHA 203k loan is used to purchase or refinance a home that needs major rehabilitation or when the repairs are structural in nature. The standard 203(k) loan is also used when the total renovation costs exceed the $35,000 limit of the 203(k) streamline loan.

FHA 203(k) Streamline
The Streamlined 203(k) Rehabilitation Loan is an easy to use mortgage program specifically designed for borrowers who desire to make improvements on a home they would like to purchase or a home they already own. Rather than having to obtain a separate home improvement loan to finance the cost of repairs (or walking away from the home you love because you don't have the cash for home improvements),the 203(k) streamline loan allows you to finance up-to $35,000 of qualifying improvements into your purchase or refinance loan. A Streamline 203(k) loan allows for a wide variety of home improvements to be performed on a home. The program is primarily intended for simple repairs, light remodeling, and upgrades. The Streamline 203(k) is not intended for major remodeling projects.
 
Below are some examples of qualifying improvements: -Repair, replace, and upgrade roofs, gutters and downspouts -HVAC systems (heating, vacuum, and AC) -Plumbing and electrical systems -Flooring, exterior decks, patios, and porches -Minor remodeling that does not involve structural repairs -Interior and exterior painting -Weatherization, including doors, windows, insulation, stripping, etc -Appliance purchase & installation (ie kitchen appliances, washer, dryer) -Energy efficient upgrades -Lead-based paint removal & stabilization -Exterior wall re-siding -And more!!

Home Equity

HomeStyle Renovation
Fannie Mae's conventional HomeStyle Renovation Loan combines purchase or refinance with home improvement financing in one loan with one closing. A convenient way for borrowers to make renovations, repairs, or improvements totaling up to 75% of the as-completed value of the property with a first mortgage, rather than a separate home improvement loan AND LOW down-payments starting at 3%, min 620 score. GREAT for swimming pool additions – special streamlined program available for swimming pools.

Non-QM (Qualified Mortgage) / Alternate Loan Solutions
Alternative solutions for borrowers who have the ability to repay their mortgage but do not meet traditional underwriting guidelines for income and asset documentation; bank statements as income options, interest-only, non-warrantable condos to name a few.

Reverse Mortgages
If you are at least 62 years old and own your own home, a reverse mortgage may be a useful financial tool. There’s no limitations to how you use the money, so you can cover medical expenses, fund education for your grandchildren, or any other reason. With a reverse mortgage, you can access the equity in your home, without having to make monthly mortgage payments. The loan would come due when you sell the home, move out permanently, or pass away. Stipulations include maintaining primary residence, keeping current on property taxes and insurance, and making sure the house is properly maintained. Call me today to see if you qualify. As part of the process, you’ll then work with an independent reverse mortgage counselor, who can help you evaluate all the risks and benefits.

USDA Guaranteed Rural Housing Loan
100% financing program guaranteed by the US Dept of Agriculture for properties located in a qualifying rural area. Household income restrictions apply. Financing options available with credit scores down-to 580.
 
Contact Tyler Lending Group today for full details regarding property and income eligibility.

VA - Veteran's Affairs Loan
For eligible veterans and active duty military personnel. Veterans can finance as much as 100% of the value of the property ($0-down payment). Offering refinance IRRL product with no appraisals (Interest Rate Reduction Loan). Scores down to 580.

VA Renovation Loan
The VA Renovation Program allows borrowers to finance the purchase or refinance of a home and the cost of its rehabilitation through a single mortgage Minimum 620 score; maximum amount of improvements is $50,000 including fees, contingency and all allowable construction related costs. Maximum loan amount subject to applicable county loan limit. Allows luxury improvements (pools, outdoor living, etc.) and Both purchases and refinances allow borrower to finance up to 100% of the “after-improved” value.