Whether you're a new home buyer looking for a first time mortgage or needing to refinance your home mortgage, there are hundreds of types of mortgages and refinancing loan options available, each with their own qualification and terms. Luckily, you don't have to face it alone. At Innovative Mortgage Services, Inc. (NMLS#250769), we understand that there is no one size fits all solution to home financing. Our experienced mortgage experts will work with you to find the best types of mortgages for your individual needs. For those buying a home, we offer free up-front credit approvals and fast on-time closings to make your loan as simple and easy as possible.Fixed Rate Loans
With a Fixed Rate Loan, your interest rate and monthly payment will remain the same even if market rates increase. This loan is the most popular home loan because it offers the security of knowing exactly what your mortgage expenses will be for the entire length of the loan. We provide both 30 Year Fixed Rate Loans and 15 Year Fixed Rate Loans.FHA Loans
These are federally insured loans that offer financing to people who may struggle to qualify for traditional loans. Typically, FHA loans require little to no down payment, and feature flexible terms, making them popular among first-time home buyers and those with less-than perfect credit.Home Improvement Loans
Finance alterations, remodeling or structural improvements with one of our Home Improvement Loans. These loans allow your mortgage balance to exceed the purchase price or appraised value of the home, so you can take out extra money for upgrades. FHA 203K & Fannie Mae Homestyles allows borrowers to finance repairs and the purchase price.Jumbo Mortgage
Conventional loans are often not enough to cover the financing for high-priced luxury homes. A Jumbo mortgage is a privately securitized mortgage with higher payouts that can be used to finance up to 97 percent of your new home.Reverse Mortgage
Seniors aged 62 and over are able to convert the equity in their homes to monthly income or a line of credit. Reverse Mortgages can also be used to purchase your retirement home.VA Loans
Active duty military personnel and veterans can qualify for special mortgage rates and housing programs that are federally insured by the United States Department of Veterans Affairs.USDA Rural Home Loans
These loans are federally insured by Department of Agriculture for Rural Areas (defined by USDA). Typically up to 100% loan to Value. THAT"S CORRECT 100% FINANCING! USDA offers financing to people who may struggle to qualify for traditional loans. Typically, USDA loans require little to no down payment, and feature flexible terms, making them popular among first-time home buyers and those with less-than perfect credit.