Contact us here at Superior Mortgage to learn more about USDA loans in the Hudson Valley.

Dennis

USDA

<ul>
<li>Construction-to-permanent loan to convert into permanent payment when the building is complete.</li>
<li>Construction loan, which will end once construction is complete.</li>
<li>Renovation Loan for renovating an existing home.</li>
<li>Owner-builder construction loans for those looking to be their own contractor.</li>
</ul>

No matter the type of construction you choose to do on your new or soon-to-be home, the team at Superior Mortgage is here to help support Hudson Valley and Long Island residents with quality, reputation, and service.

Some construction loan options may include:

Construction Loans

The team at Superior Mortgage is ready to work with you to determine which loans and rates are the right match for your needs.

Find Out How Low Your Rate Can Be With Us!

Elite Outstanding Credit

The team at Superior Mortgage is ready and willing to help you find the financial option that fits your needs. Worry about finding your dream home, we’ll handle the financial end of it.
 
Broker" is not affiliated with any government agencies. This website and materials were not approved by VA, HUD, or FHA, or any other government agency.

Let’s Discuss Your Mortgage Options

FHA Mortgage

<ul>
<li>NHF SaGrant: 3.00% or 4.50% of the 1st mortgage total loan amount.</li>
<li>DPA Grant – no repayment required!</li>
<li>Grant can be used for the down payment or closing costs.</li>
<li>Seller credit of 6% is allowed.</li>
<li>Gi funds are permitted.</li>
<li>Borrower(s) not required to be first-time homebuyers.</li>
<li>Income limit is based on qualifying income used for a transaction, not household income.</li>
</ul>

Some of the key benefits of the FHA – NHF Program through Superior Mortgage include:

<ul>
<li>620 Minimum FICO, DTI – up to 50%.</li>
<li>Income limits: 115% of Area Median Income.</li>
<li>All borrowers must occupy the property as a primary residence.</li>
<li>The lesser of $417,000 or maximum loan amounts permitted by HUD.</li>
<li>At least one borrower must have homebuyer counseling.</li>
<li>Borrower Paid Origination Fee of 1.5% – May use grant to pay origination fee.</li>
<li>Nationwide Admin Fee = $1,145</li>
</ul>

To ensure that Program Requirements:

Get in contact with us today for more information about the National Homebuyers Fund, Inc. and how it can help you!

FHA - NHF Program

<ul>
<li>Purchase or rate/term refinance.</li>
<li>1-4 unit primary residence.</li>
<li>As little as 3% down payment for a fixed rate, 1-unit purchase, or rate/term refinance.</li>
<li>As little as 5% down payment for ARMs or 2-4 unit purchase or rate/term refinance.</li>
<li>A borrower’s funds are not required for the down payment on a 1-unit residence.</li>
<li>Borrowers are not required to be first-time homebuyers.</li>
<li>Homeownership education course required for first-time homebuyers.</li>
<li>Income and property restrictions apply per Freddie Mac guidelines (income limits do not apply in underserved areas – LP® will determine applicability).</li>
<li>Lower mortgage insurance cost due to lower MI coverage requirements compared to standard Freddie Mac Programs.</li>
<li>Lender Paid Mortgage Insurance options offered.</li>
</ul>

The following is more information about getting an FHA Alternative loan:

The team at Superior Mortgage is ready and willing to help you find the financial option that fits your needs. Contact us today to discuss all your loan options.
 
"Broker" is not affiliated with any government agencies. This website and materials were not approved by VA, HUD, or FHA, or any other government agency.

Let’s Discuss Your FHA Alternatives

FHA Alternative

We don’t turn customers down; we turn them around! To see your full loan options or start the process, contact the team at Superior Mortgage today!

Jumbo Mortgages

<ul>
<li>No Down Payment Needed: VA loans are an excellent option for those who want to purchase a home without putting money down.</li>
<li>Exclusively Available to Military Families: Whether you are a Veteran, an Active Duty Service Member, or are in the reserves, this incredible and exclusive benefit is available to you. You can also receive up to 2% to help with closing costs.</li>
<li>Low Rates: VA loans often have some of the most economical rates.</li>
<li>Flexibility: Income and credit requirements for VA loans are much more flexible than with other loan programs.</li>
</ul>
 
*VA Loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit standards, and property limits. "Broker" is not affiliated with any government agencies. This website and materials were not approved by VA, HUD or FHA, or any other government agency.

Why Choose a VA Loan?

Call Superior Mortgage Co., Inc. to get help securing your VA loan today!

VA Financing

We don’t turn customers down; we turn them around! Proudly serving the Hudson Valley for over 30 years, we are ready to help you through the loan process.

To start discussing your full loan options or start the process, contact the team at Superior Mortgage today at 914-745-3942.
 
*For certain loan programs and features, higher interest rate or points may be required.

USDA

Our Programs