RMG Mortgage Group, LLC in St. Augustine Florida RMG Mortgage Group, LLC location Linked In Email Us Find us on Facebook
 

PROGRAMS OFFERED BY RMG MORTGAGE, LLC:

  • Conventional Product
  • VA Financing
    • Have you or your spouse served in the military? If so, you may be eligible for VA Financing. VA Financing is for a primary residence only and is 100% financing –meaning no down payment is required. Contact RMG Mortgage Group for more information. Contact RMG Mortgage Group for more information.
  • FHA Financing
    • FHA loans aren’t just for first time homebuyers. FHA loans are for primary residences only and have a low down payment requirement of 3.5%. 100% of the down payment can be a gift and sellers can pay up to 6% of the closing costs. Contact RMG Mortgage Group for more information.
  • FHA 203k Financing
    • FHA 203k loans are designated for homes that are in need of rehabilitation. The loan covers both the purchase of the property and the costs of the necessary home repairs. FHA 203k loans are for primary residences only and have the same low down payment requirement of 3.5% (based of the purchase price and the repairs). Contact RMG Mortgage Group for more information.

  • USDA Financing
    • USDA loans offer 100% financing to qualified borrowers and allows for all closing costs to be paid by the seller or they can be financed into the loan (if appraised value is higher than the purchase price). USDA loans are for primary residences only in rural areas. Contact RMG Mortgage Group for more information.

  • Reverse Mortgages
    • Are you over 62? FHA has a program that allows you to stay in your home and only pay taxes and insurance for the rest of your life.  No minimum credit score required.  You may also purchase a home with a reverse mortgage.  This will allow you to keep more cash in the bank.  Contact RMG Mortgage Group for more information.
  • Rebounding Homebuyer Program/Bankruptcy
    • A rebounding home buyer is someone who has recently completed a short sale, foreclosure, deed-in-lieu of foreclosure, or bankruptcy and would like to purchase a primary residence before waiting the number of years prescribed by the secondary mortgage market. 20% down payment requirement. Contact RMG Mortgage Group for more information.    

  • Second Home Financing
  • Fannie Mae Homepath
    • Fannie Mae Homepath Mortgage allows a buyer to purchase a Fannie Mae-owned property with a low 5% down payment, no mortgage insurance, and no appraisal required. This product is available for primary residences, second homes, and investment properties (10% down payment required). Contact RMG Mortgage Group for more information.
  • Fannie Mae Homepath Renovation
    • Fannie Mae Homepath Renovation loans are for Fannie Mae properties that requires light to moderate renovations. Low down payment of 5% with no mortgage insurance and the loan amount includes both the funds for the purchase and the renovations – no more than $35,000 in renovations. This product is available for primary residences, second homes, and investment properties (10% down payment required). Contact RMG Mortgage Group for more information.

 

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