How much can you borrow via Supreme Lending Home Purchase Mortgages?

Supreme Lending Home Purchase Mortgages allows borrowers to apply for loan amounts of up to $1,500,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with Supreme Lending Home Purchase Mortgages?

Supreme Lending Home Purchase Mortgages offers mortgages with terms ranging from 10 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage programs does Supreme Lending Home Purchase Mortgages offer?

Supreme Lending Home Purchase Mortgages offers the following mortgage types:

• Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
• FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
• FHA 203k: An FHA mortgage you can also use to finance home improvements.
• USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
• VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does Supreme Lending Home Purchase Mortgages allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Supreme Lending Home Purchase Mortgages allows the following property usage types: 

• Primary home
• Secondary homes and vacation properties
• Investment properties and house flipping projects