Bitto Financial Group | Residential

Conventional Loans

30, 20, 15 and 10 year terms are all available with fixed rates
Refinance up to 95% of your primary home’s value
Buy a home with as little as 5% down (primary home)
Loan amounts from $25,000 to $2,000,000
Monthly payments based on interest rate, principal loan amount, and amortized interest over 30 years
Your payment will not change throughout the life of the loan
Your actual payment will vary based on your situation and the current interest rates when you apply
Pay your mortgage at any time without pre-payment penalties

FHA Loans Make Qualifying Easy!

An FHA loan is the easiest way to qualify for refinancing AND home buying.
We offer 15- and 30-year fixed FHA loans as well as the FHA 5-year ARM.
We are an approved FHA lender and our clients love the low mortgage rates and security of a government-insured loan. Our mortgage application and processing uses exclusive technology that cuts the headaches out of getting an FHA loan.
You can refinance up to 97.75% of your home’s value. FHA cash-out refinance loans allow you to take out up to 85% of your home’s value.
Refinance your FHA loan and get a lower mortgage rate and payment with an FHA Streamline – even if you owe more on your home than it’s worth.
Buying a home? Your down payment can be as low as 3.5% of the price of the home.
FHA also allows seller concessions up to 6% of your home purchase price.
Credit scores as low as 620 now qualify for an FHA loan.

Veterans and Active Military Qualify for VA Loans

We offers 15- and 30-year fixed-rate VA loans with competitive rates for those who served, or still serve, in the U.S. Military.
VA jumbo loans now available.
Less than perfect credit not a problem. Credit scores as low as 620 now qualify for a VA loan.
Purchasing? Seller can pay your closing costs and there’s no monthly PMI! And no down payment required!
Refinancing? Refi up to 100% of the value of your home – no other loan comes close to this amount. Cash-out refinance also available
We also offers the VA Streamline – refinance quickly and with a reduced funding fee!

More Families are Taking Advantage of the USDA Loan

In 2009 the USDA enacted changes that made millions of borrowers eligible for their rural mortgage programs. Many home buyers dream of purchasing a home but don't necessarily have the cash on hand to make the hefty 20% down payment required by a conventional home loan.

USDA loans stand alone as the only zero money down program available to borrowers that have not served in the military. Eligible borrowers will be hard pressed to find a loan program that offers more favorable terms.

Who Qualifies for a USDA Loan?

USDA Loans used to be considered "farmers loans" but that is simply not the case anymore. Just about anyone looking to purchase a home outside a major metropolitan area can qualify for a USDA Loan.

Some of the eligibility standards that determine if you qualify for a USDA loan for your home include what county and zip code the home resides in, your current income and credit history, as well as the number of dependents you can claim. Because these guidelines are very specific, it is important to work with a company that has experience dealing with USDA government financing to help determine your eligibility.

USDA loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities.

Eligibility: Applicants for loans may have an income of up to 115% of the median income for the area. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance. In addition, applicants must have reasonable credit histories.

Terms: Loans are for 30 years. The promissory note interest rate is set by the lender.