Our Expert Mortgage Solutions
Conventional
We excel in offering conventional mortgages, providing clients with a range of flexible and competitive financing options tailored to meet diverse homeownership needs. Our conventional mortgage offerings include a variety of loan terms and interest rate structures, allowing borrowers to choose solutions that best align with their financial goals and preferences. With a deep understanding of market trends and lending standards, KPA Home Loans ensures that clients benefit from favorable rates and terms, making the process of securing a conventional mortgage straightforward and efficient.
Our offerings include:
Fixed
10, 15, 30 year terms
Adjustable
5, 7, 10 year terms
FHA/VA/USDA
We distinguish ourselves by offering a comprehensive array of government-backed mortgage options, including FHA, VA, and USDA loans, each designed to cater to specific borrower needs and circumstances. Our FHA loans provide accessible financing for first-time homebuyers and those with less-than-perfect credit, offering low down payment requirements and flexible qualification criteria.
For veterans and active military personnel, KPA Home Loans delivers VA loans with favorable terms such as zero down payment and competitive interest rates, recognizing their service with special financial benefits.
Additionally, our USDA loans facilitate homeownership in rural and underserved areas with no down payment and low interest rates, promoting access to affordable housing in diverse communities.
Non-QM Solutions
Our team excels in providing non-QM (Qualified Mortgage) loans, catering to borrowers whose financial profiles may not fit the traditional QM guidelines. These loans are ideal for individuals with unique financial situations, such as self-employed professionals, those with irregular income, or borrowers with credit scores that may not meet conventional standards.
More information about our Non-QM offerings are below.
Common Non-QM Loans
Interest-Only Loans: Borrowers only pay the interest for a specified period, typically 5-10 years, after which they start paying both principal and interest. This can result in lower initial payments but higher payments later on.
Alt-A Loans: These are loans made to borrowers with credit profiles that are between prime and subprime, or with limited documentation. They often have higher interest rates compared to prime loans but lower than subprime loans.
Stated Income Loans: Instead of providing full documentation of income, borrowers state their income on the loan application. Lenders may still verify income through other means, but the application is less documentation-heavy.
Reduced Documentation Loans: These loans require less documentation than standard QM loans. They may be suitable for self-employed borrowers or those with irregular income.
Jumbo Loans: These are loans that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. They are not backed by government-sponsored enterprises and may have different underwriting standards.
Bank Statement Loans: These loans use bank statements instead of tax returns or W-2s to verify income. They are often used by self-employed borrowers who may not have traditional income documentation.
Foreign National Loans: Designed for non-U.S. citizens or residents who are looking to invest in U.S. real estate. These loans have unique underwriting criteria and may require additional documentation related to foreign income and assets.
Asset-Based Loans: These loans use the borrower’s assets (such as savings or investments) as a basis for the loan rather than traditional income verification methods.
Fixed-Rate and Adjustable-Rate Mortgages (ARMs): Non-QM versions of these mortgages may have more flexible terms and conditions compared to QM versions, including varying interest rates and amortization schedules.
Large-Loan Amounts and Specialty Loans: Non-QM loans can include high loan amounts or loans with special conditions tailored to specific borrower needs or unique properties.
The flexibility of non-QM loans can be beneficial for borrowers with atypical financial situations or those seeking non-traditional loan structures. However, they might come with higher interest rates and require more rigorous credit assessments. It's essential for borrowers to carefully review the terms and consult with a mortgage professional to ensure they understand the implications of choosing a non-QM loan.
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Down Payment Assistance Programs
KPA Home Loans boasts an extensive network of wholesale lenders and banks, enabling us to offer an impressive range of down payment assistance programs tailored to meet diverse client needs. By leveraging these robust relationships with a variety of financial institutions, KPA Home Loans is able to provide customized solutions that address different financial situations and homebuyer requirements. Whether clients are seeking conventional, FHA, VA, or USDA loans, KPA Home Loans' expansive network ensures access to a broad spectrum of down payment assistance options, facilitating more affordable homeownership opportunities and helping clients achieve their homebuying goals with greater ease and flexibility.
Homebuyer Strategies
We employ unique and innovative strategies to make homebuying more affordable and accessible for clients, aiming to save them hundreds of thousands of dollars over the life of their loan. By utilizing advanced financial modeling and personalized loan structuring, KPA Home Loans crafts tailored mortgage solutions that minimize monthly payments and reduce long-term costs. Their approach includes optimizing interest rates, leveraging down payment assistance programs, and recommending strategic refinancing options. This meticulous attention to detail ensures clients benefit from the most cost-effective mortgage solutions available, ultimately leading to significant financial savings and a smoother, more manageable homebuying experience.
Schedule a consultation and ask us about our strategies to see if you are eligible!
Multi-Family and Construction Loans
Construction Loans – We offer financing options for new, owner-occupied properties, as well as for expanding and renovating existing facilities.
Multi-Family Loans – We provide loans for acquiring, refinancing, and constructing multi-family properties (up to five units), available through both conventional and non-conventional residential loan programs for both owner-occupants and investors.
