Learn a little more about the products we offer:
FHA LOANS (PURCHASE OR REFINANCE): The Federal Housing Administration, a government agency, allows buyers who
might not otherwise qualify for a home loan to obtain one because the risk is removed from the lender and taken on by FHA.
VA LOANS (PURCHASE OR REFINANCE): The Veterans Affairs allows buyers who might not otherwise qualify for a home loan
to obtain one because the risk is removed from the lender and taken on by VA. Up to 100% financing is available for veterans
who qualify for a VA loan.
$100 DOWN PROGRAM: Housing and Urban Development offers a unique way to cover your required down-payment
allowing you to only bring $100 to closing when you buy a qualifying home.
STREAMLINE LOANS: The Federal Housing Administration and Veterans Affairs both allow you to refinance your home to a
lower rate and payment without an appraisal, no income verification and no credit check in most cases. A quick call can give
you an idea of how much your payment would go down.
NO MONEY DOWN PURCHASES: Even with a few credit dings many individuals can qualify for a new home with no money
down. However, there still may be a few out of pocket expenses such as homeowners insurance, appraisal and inspections.
BILL CONSOLIDATION LOANS: Use the equity of your home to combine your debts; credit cards, cars, medical bills, student
loans, or simply get cash in hand.
203K: A unique home improvement loan that disperses funds as the projects complete and considers the value at the time
of completion.
HOME EQUITY LINES OF CREDIT: Works like a credit card against your home. Draw from the credit line for any reason at any
time.
REFINANCE FOR A LOWER RATE: As equity builds in your home and/or credit gets stronger, individuals will typically qualify for
a lower interest rate with one or both of these factors.
INVESTMENT / RENTAL PROPERTIES: A property where the owner does not occupy the unit(s). These properties can be
refinanced as well as purchased with little or no money down.
FIXED RATES: These loans have a fixed rate and payment over the life of the loan. You are
protected whenever the market rates increase; however, these rates are generally a little higher than the adjustable rates.
ADJUSTABLE RATE MORTGAGE (ARM): Loans with and adjustable rate will be fixed for a short period of time and then after
this specified period they will begin to change. These are great "band-aid" loans that allow a temporary fix to have time for
fixing credit, doing improvements to increase value etc. Adjustable rates are almost always lower than fixed rates.
BANKRUPTCIES OK: Keeping up on credit is important through the bankruptcy process; however,even with a bankruptcy a
home can be purchased or refinanced with little or no money down. The better you handle your credit through the bankruptcy
process the more flexible the programs you will qualify for. The general rule is 2 years beyond the discharge period;
however, there is a possibility of exception and the time can also vary based on other factors.
HOME IMPROVEMENT LOANS: These loans can be in the form of a first mortgage or a second mortgage and allow for getting
cash in hand to do any kind of improvements on a home.
LAND CONTRACTS: Many individuals will opt to purchase a home on contract rather than outright through the lending
process. This is a good way for someone who cannot qualify for financing to get into a house. The contract can be refinanced
into a mortgage after a little time in the home, generally requires a minimum of 12 months depending on credit and the
amount of equity gained. It is crucial to make these contract payments by a bank check in order to get the best financing
possible.
SLOW CREDIT OR NO CREDIT: It is still possible to qualify for a new home or a refinance even with a few late payments or
having no credit at all. We can also help give you the advice you need to get back on track or establish your credit.
FORECLOSURES: Losing a home can be devastating but it is possible to qualify for a new home even with a prior foreclosure.
The general rule is 3 years beyond the bank's release; however, there is a possibility of exception and the time can also vary
based on other factors.
SELF EMPLOYED / NO INCOME VERIFICATION: If self employed these loans offer flexibility on what is verified for the
household income. Heavy credit and loan to value restrictions.
INTEREST ONLY LOANS: This is a loan where your payments are solely based on interest alone. Your principal balance will
never change with this loan for as long as you are only paying the interest. Your payments are a little lower than a typical
mortgage payment.
COMMERCIAL LOANS: Loans for a property that is used for business purposes.
MEMBER OF BBB: We are long standing members of the Better Business Bureau and we encourage you to review the
records of ourselves as well as that of our competition
FHA LOANS (PURCHASE OR REFINANCE): The Federal Housing Administration, a government agency, allows buyers who
might not otherwise qualify for a home loan to obtain one because the risk is removed from the lender and taken on by FHA.
VA LOANS (PURCHASE OR REFINANCE): The Veterans Affairs allows buyers who might not otherwise qualify for a home loan
to obtain one because the risk is removed from the lender and taken on by VA. Up to 100% financing is available for veterans
who qualify for a VA loan.
$100 DOWN PROGRAM: Housing and Urban Development offers a unique way to cover your required down-payment
allowing you to only bring $100 to closing when you buy a qualifying home.
STREAMLINE LOANS: The Federal Housing Administration and Veterans Affairs both allow you to refinance your home to a
lower rate and payment without an appraisal, no income verification and no credit check in most cases. A quick call can give
you an idea of how much your payment would go down.
NO MONEY DOWN PURCHASES: Even with a few credit dings many individuals can qualify for a new home with no money
down. However, there still may be a few out of pocket expenses such as homeowners insurance, appraisal and inspections.
BILL CONSOLIDATION LOANS: Use the equity of your home to combine your debts; credit cards, cars, medical bills, student
loans, or simply get cash in hand.
203K: A unique home improvement loan that disperses funds as the projects complete and considers the value at the time
of completion.
HOME EQUITY LINES OF CREDIT: Works like a credit card against your home. Draw from the credit line for any reason at any
time.
REFINANCE FOR A LOWER RATE: As equity builds in your home and/or credit gets stronger, individuals will typically qualify for
a lower interest rate with one or both of these factors.
INVESTMENT / RENTAL PROPERTIES: A property where the owner does not occupy the unit(s). These properties can be
refinanced as well as purchased with little or no money down.
FIXED RATES: These loans have a fixed rate and payment over the life of the loan. You are
protected whenever the market rates increase; however, these rates are generally a little higher than the adjustable rates.
ADJUSTABLE RATE MORTGAGE (ARM): Loans with and adjustable rate will be fixed for a short period of time and then after
this specified period they will begin to change. These are great "band-aid" loans that allow a temporary fix to have time for
fixing credit, doing improvements to increase value etc. Adjustable rates are almost always lower than fixed rates.
BANKRUPTCIES OK: Keeping up on credit is important through the bankruptcy process; however,even with a bankruptcy a
home can be purchased or refinanced with little or no money down. The better you handle your credit through the bankruptcy
process the more flexible the programs you will qualify for. The general rule is 2 years beyond the discharge period;
however, there is a possibility of exception and the time can also vary based on other factors.
HOME IMPROVEMENT LOANS: These loans can be in the form of a first mortgage or a second mortgage and allow for getting
cash in hand to do any kind of improvements on a home.
LAND CONTRACTS: Many individuals will opt to purchase a home on contract rather than outright through the lending
process. This is a good way for someone who cannot qualify for financing to get into a house. The contract can be refinanced
into a mortgage after a little time in the home, generally requires a minimum of 12 months depending on credit and the
amount of equity gained. It is crucial to make these contract payments by a bank check in order to get the best financing
possible.
SLOW CREDIT OR NO CREDIT: It is still possible to qualify for a new home or a refinance even with a few late payments or
having no credit at all. We can also help give you the advice you need to get back on track or establish your credit.
FORECLOSURES: Losing a home can be devastating but it is possible to qualify for a new home even with a prior foreclosure.
The general rule is 3 years beyond the bank's release; however, there is a possibility of exception and the time can also vary
based on other factors.
SELF EMPLOYED / NO INCOME VERIFICATION: If self employed these loans offer flexibility on what is verified for the
household income. Heavy credit and loan to value restrictions.
INTEREST ONLY LOANS: This is a loan where your payments are solely based on interest alone. Your principal balance will
never change with this loan for as long as you are only paying the interest. Your payments are a little lower than a typical
mortgage payment.
COMMERCIAL LOANS: Loans for a property that is used for business purposes.
MEMBER OF BBB: We are long standing members of the Better Business Bureau and we encourage you to review the
records of ourselves as well as that of our competition
Products:
- FHA Loans
- VA Loans
- $100 down program
- Streamline Loans
- No Money Down Purchases
- Bill Consolidation Loans
- 203K
- Home Equity Lines of
Credit - Refinance for a lower rate
- Investment / Rental
Properties - Fixed Rates
- Adjustable Rate Mortgage
(ARM) - Bankruptcies OK
- Home Improvement Loans
- Land Contracts
- Slow Credit or No Credit
- Foreclosures
- Self Employed / No Income
Verification - Interest Only Loans
- Commercial Loans
- Member of BBB
Contact us:
260-637-7788
866-471-3339
10536 Coldwater Rd.
Fort Wayne, IN 46845
260-637-7788
866-471-3339
10536 Coldwater Rd.
Fort Wayne, IN 46845
Mainstream Mortgage
PRODUCT DESCRIPTIONS:
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| Mainstream Mortgage * 10536 Coldwater Rd. * Ft Wayne, IN 46845 |