Services - Falloon Mortgage

Our Services

Finding the right mortgage loan solution to meet your need is what we are all about at Falloon Mortgage Funding. Our team of professional loan originators are experts at helping you navigate the often-complex world of mortgage loans and making it simple and stress-free for you. Whether you are buying or refinancing a home, an investment or commercial property, Falloon Mortgage Funding offers a wide range of loan programs at competitive rates to suit every need and budget. First time homebuyers, we can help you find programs that offer you benefits and make it easier for you to buy. For credit challenged borrowers, we will work with you to find the best financing options. We put our clients first!

FHA Loans

The Federal Housing Administration, generally known as “FHA”, provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family homes, multifamily properties, residential care facilities, and hospitals. It is one of the largest insurers of mortgages in the world, insuring more than 46 million mortgages since its inception in 193. FHA loans are loans from private lenders that are regulated and insured by the Federal Housing Administration (FHA), a government agency. The FHA does not lend the money directly, private lenders do. For borrowers with good credit and a medium (5 -15 percent) down payment, FHA loans tend to be more expensive than conventional loans. For borrowers with lower credit scores or a smaller down payment, FHA loans can often be the cheapest option. But there is no hard-and-fast rule. A lot depends on the current market and the buyer’s particular financial circumstances.

For more information visit: https://www.hud.gov/buying/loans

VA Loans

A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs (VA) and issued by a private lender, such as a bank, credit union or mortgage company. A VA loan can make it easier to buy a home because it typically does not require a down payment. Only qualified U.S. veterans, active-duty military personnel and some surviving spouses are eligible for VA loans. The GI Bill of Rights created the VA home loan program in 1944 to help veterans get a foothold in civilian life after World War II. The perks to VA loans are immense, and the list begins with lower interest rates and more accessible terms and conditions than conventional mortgages. Active military and veterans can take advantage of VA Loans for purchasing or refinancing their home. There are two options for refinancing – cash-out or IRRRL Streamlined refinancing that saves you thousands over the lifetime of your mortgage loan.

For more information visit: https://www.benefits.va.gov/homeloans

Conventional Mortgage

Finding your dream home can be challenging when you do not know where to find the right mortgage to begin with. While there are many kinds of mortgage loans for you to start, the best type of mortgage loan for home financing is the Conventional Mortgage. While this type of mortgage loan is not insured or guaranteed by the federal government, it duly conforms to the loan limits that are set forth by Fannie Mae and Freddie Mac. Moreover, the payments for conventional mortgage loans are much more manageable than other types of mortgage loans.

For more information: https://www.fanniemae.com/

Reverse Mortgage

To cater to the senior homeowners’ mortgage funding needs, Reverse Mortgage is a type of loan that uses a portion of the home’s equity as collateral. What makes Reverse Mortgage different from the rest is that the loan is not required to be repaid until and unless the last surviving homeowner either permanently moves out or dies. During that time, the estate is given approximately six months to either repay the remaining mortgage or sell the property to pay off the debt.

For more information visit: https://www.consumer.ftc.gov/articles/0192-reverse-mortgages

Commercial Mortgage Loans

A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford. Commercial Mortgage loans help business owners buy or refinance a land or a building used for their business. In most of the cases, commercial mortgages are operated on fixed-rate loan terms. This means that the interest rate remains the same throughout the tenure instead of fluctuating as the year’s pass. We know that Commercial Mortgage Loans are not everyone’s cup of tea. However, with the financial experts at Falloon Mortgage Funding, getting your commercial mortgage loans approved becomes as easy as it gets.