The following is a partial list of programs offered by Resolute Lending powered by IMB with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at .
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
Conventional loans are one of the most common mortgage options for today’s homebuyers. They are ideal for borrowers with good to excellent credit or for those looking to purchase a second home or investment property.
✅ Fixed-Rate Conventional Loans
A fixed-rate conventional mortgage offers long-term payment stability and peace of mind. With a fixed interest rate, your monthly mortgage payment stays the same for the entire loan term—no surprises, ever. Choose from flexible loan terms ranging from 8 to 30 years to match your financial goals.
🔁 Adjustable-Rate Mortgages (ARMs)
Conventional loans also allow for adjustable-rate mortgages (ARMs), which start with a lower interest rate for an introductory period (usually 5, 7, 10, or 15 years). After that period, your rate adjusts based on a market index and a set margin. ARMs come with rate caps to limit how much your payment can increase at each adjustment and over the life of the loan.
💰 Down Payment Options & PMI
While a 20% down payment helps you avoid private mortgage insurance (PMI), many homebuyers qualify with as little as 3% down—especially first-time homebuyers or those with household income at or below 80% of the area median income (AMI).
Conventional loans offer tiered PMI pricing, with lower premiums at 3%, 5%, 10%, and 15% down. At 20% or more down, PMI is not required.
Need help comparing fixed vs adjustable rates? Or unsure how much you need to put down?
👉 Contact us to explore your conventional loan options and design a mortgage plan that fits your goals.
At Resolute Lending, we are Veteran Mortgage Advisors and Certified Veterans Loan Specialists. We are proud to help fellow service members and veterans navigate one of the most powerful home financing tools available: the VA home loan. We regularly close VA loans that the big box lenders can't.
Backed by the U.S. Department of Veterans Affairs, VA loans are designed to make homeownership more accessible for veterans, active-duty military, and qualifying members of the Coast Guard, National Guard, and Reserves. With no down payment, no private mortgage insurance (PMI), and flexible credit guidelines, VA loans are an unbeatable option for those who have served.
Since VA loans don't charge PMI, VA loans carry a VA Funding Fee which is typically financed into your loan amount. The VA funding fee helps sustain the VA loan program and ensures continued access for future veterans. This fee varies based on factors like:
However, many veterans are exempt from the VA funding fee, including:
We'll help you determine your funding fee exemption status and make sure it's properly documented during your loan process.
In order to determine eligibility, we must be able to obtain a Certificate of Eligibility (COE). A statement of service from your commanding officer may be required for active-duty service members when a COE can not be obtained. You may qualify for a VA mortgage if you:
The department of veterans affairs provides a comprehensive list of eligibility requirements on their website.
Whether you're buying your first home, relocating, or refinancing with a VA IRRRL, I’ll walk you through the entire process and ensure your VA loan benefits are fully maximized.
FHA (Federal Housing Administration) loans are government-backed mortgage loans designed to make homeownership more accessible for low to moderate-income individuals and those with less-than-perfect credit. They offer benefits such as low down payments, competitive interest rates, and flexible qualification criteria, including lower credit score requirements. FHA loans are popular among first-time homebuyers and serve as a viable option for individuals who may not qualify for conventional mortgages.
USDA (United States Department of Agriculture) loans are government-backed mortgage loans that primarily aim to promote homeownership in rural and suburban areas. These loans offer benefits such as zero down payment requirements, competitive interest rates, and more flexible credit criteria, making them an affordable option for low to moderate-income individuals and families in eligible locations. USDA loans are often referred to as Rural Development loans and provide a pathway to homeownership for those who meet the program's income and location requirements.
Jumbo loans are a type of mortgage loan designed for purchasing high-value homes that exceed the conventional loan limits set by government-sponsored entities like Fannie Mae and Freddie Mac. They offer the flexibility to finance luxury properties, with competitive interest rates and terms, catering to borrowers with strong credit histories and substantial down payments. Jumbo loans typically require larger down payments and stricter credit qualifications, making them suitable for affluent homebuyers and investors seeking high-end real estate.
Construction loans are short-term loans designed to fund the construction or renovation of residential or commercial properties. They provide borrowers with access to funds in stages as the project progresses, reducing the financial burden during construction. Once the construction is complete, these loans are typically converted into traditional mortgages, allowing borrowers to make principal and interest payments on the property.
We have a variety of down payment assistance options to choose from. Grants and down payment assistance loans are available to help you purchase your home without the hassle of having to save for your down payment.
Home Refinance Loans, also known as refinancing, involve replacing an existing mortgage with a new one, typically with different terms or interest rates. Borrowers often pursue refinancing to lower their monthly mortgage payments, reduce their interest rates, or access their home's equity for other financial needs. Refinance options include rate-and-term refinances, which aim to secure better loan terms, and cash-out refinances, allowing homeowners to borrow against their home's equity. The process usually involves a credit check, home appraisal, and evaluation of the borrower's financial situation to determine eligibility and the potential benefits of refinancing.
In some cases a refinance loan might result in higher finance charges over the life of the loan.
Non-QM (Non-Qualified Mortgage) loans are mortgage products that do not conform to the strict guidelines set by government-sponsored entities like Fannie Mae and Freddie Mac. These loans are typically designed for borrowers who may not meet traditional lending criteria, such as those with non-traditional income sources or credit issues. Non-QM loans offer flexibility in underwriting, making homeownership accessible to a broader range of individuals and providing options beyond standard conventional mortgages.
DSCR loans (Debt Service Coverage Ratio loans) are a powerful financing tool for real estate investors looking to purchase or refinance income-producing properties. Instead of relying on personal income or tax returns, DSCR loans qualify borrowers based on the property’s cash flow — making them ideal for investors with multiple properties, complex finances, or self-employment income.
A Debt Service Coverage Ratio loan evaluates whether a property's rental income can cover its monthly debt obligations (mortgage, taxes, insurance, etc.). The formula is simple:
DSCR = Gross Operating Income ÷ Debt Payments
Whether you’re expanding your real estate portfolio or refinancing an existing asset, DSCR loans offer a flexible, investor-friendly solution based on what matters most: property performance.
👉 Contact Resolute Lending to explore DSCR loan rates and options to see if your rental property qualifies.
Foreign national loans are mortgage loans specifically tailored for individuals who are not U.S. citizens or permanent residents but wish to purchase property in the United States. These loans are designed to provide access to U.S. real estate markets, offering financial options for foreign investors, expatriates, or individuals seeking vacation homes. Lenders typically require a higher down payment (e.g. 30% down), but typically no credit or income verification is required. Foreign national loans can be an excellent way for non-U.S. residents to invest in U.S. real estate and diversify their portfolios.
Reverse mortgage loans, also known as reverse equity loans, are only available to homeowners 62 or older. Like its name indicates, this program pays the homeowner either a one-time large payout or monthly installment. Once the loan term expires the house either becomes the property of the lender or the house can be sold to repay the debt. Reverse mortgage loans are great options for seniors looking to increase their monthly income while remaining in their homes. Contact us for more details.
