Get ready for home ownership!

When it comes to buying a home, one of the most important factors is finding the financing that best fits your specific situation and goals.
Many questions arise as to which loan option is best. We find that our clients appreciate the ability to choose from a vast array of
low down payment options which we review in detail so they feel confident in their final choice.

FHA Loan Program

FHA-Insured Loans offer many benefits and a level of security that you won’t find in other loans. While the loans are funded by Mid-Island Mortgage Corp., the Federal Housing Administration (FHA) insures these mortgages so Mid-Island Mortgage Corp. can offer more borrower flexibility. This loan is particularly designed to benefit first-time homebuyers and buyers who don’t have perfect credit or a lot of money to put down.

​Interested in learning more about an FHA low down payment mortgage? Download our flyer to find out more!

FHA Loan Program

FHA-Insured Loans offer many benefits and a level of security that you won’t find in other loans. While the loans are funded by Mid-Island Mortgage Corp., the Federal Housing Administration (FHA) insures these mortgages so Mid-Island Mortgage Corp. can offer more borrower flexibility. This loan is particularly designed to benefit first-time homebuyers and buyers who don’t have perfect credit or a lot of money to put down.

​Interested in learning more about an FHA low down payment mortgage? Download our flyer to find out more!

Fannie Mae HomeReady™ Loan Program

HomeReady loans are ideal for home buyers with limited savings, and the down payment and closing costs can be paid from sources other than your own funds.

A HomeReady mortgage allows co-borrowers who don’t live in the home to be included on the mortgage, such as parents or others who want to help. Plus, extended family or other household members’ income can help you qualify—even if they aren’t on the mortgage.

​HomeReady’s private mortgage insurance may cost less over time and may be eligible to be canceled once 20% home equity is reached, unlike mortgage insurance on government-insured loans. Convenient online education prepares you to buy and own a home for the long run.

​Interested in learning more about a Fannie Mae HomeReady mortgage? Download our flyer to find out more!

Fannie Mae HomeReady™ Loan Program

HomeReady loans are ideal for home buyers with limited savings, and the down payment and closing costs can be paid from sources other than your own funds.

A HomeReady mortgage allows co-borrowers who don’t live in the home to be included on the mortgage, such as parents or others who want to help. Plus, extended family or other household members’ income can help you qualify—even if they aren’t on the mortgage.

​HomeReady’s private mortgage insurance may cost less over time and may be eligible to be canceled once 20% home equity is reached, unlike mortgage insurance on government-insured loans. Convenient online education prepares you to buy and own a home for the long run.

​Interested in learning more about a Fannie Mae HomeReady mortgage? Download our flyer to find out more!

SONYMA’s Achieving The Dream Mortgage Program

SONYMA provides qualified low-income first-time homebuyers with low down payment mortgage financing at a very low fixed interest rate. You must be a first-time homebuyer as defined by SONYMA. (This requirement is waived for eligible military veterans and their household members.) and meet SONYMA’s Household Income Limit requirements. This loan is a 30-year term only and allows for down payment assistance of $3,000 or 3% of the home purchase price (not to exceed $15,000)

​Want to know if you can qualify for a SONYMA mortgage? Download our flyer to find out more!

SONYMA’s Achieving The Dream Mortgage Program

SONYMA provides qualified low-income first-time homebuyers with low down payment mortgage financing at a very low fixed interest rate. You must be a first-time homebuyer as defined by SONYMA. (This requirement is waived for eligible military veterans and their household members.) and meet SONYMA’s Household Income Limit requirements. This loan is a 30-year term only and allows for down payment assistance of $3,000 or 3% of the home purchase price (not to exceed $15,000)

​Want to know if you can qualify for a SONYMA mortgage? Download our flyer to find out more!

Freddie Mac’s NEW HomeOne Program for First-Time Homebuyers

Freddie Mac’s NEW HomeOne Program for First-Time Homebuyers offers down payments as low as 3% and no geographic or income restrictions (super conforming mortgages are not permitted). Single-family, condos and townhomes are eligible and it must be the borrowers’ primary residence. Only one borrower must be a first-time homebuyer.

​Find out more about Freddie Mac’s new program for first-time homebuyers! Contact us today.

Freddie Mac’s NEW HomeOne Program for First-Time Homebuyers

Freddie Mac’s NEW HomeOne Program for First-Time Homebuyers offers down payments as low as 3% and no geographic or income restrictions (super conforming mortgages are not permitted). Single-family, condos and townhomes are eligible and it must be the borrowers’ primary residence. Only one borrower must be a first-time homebuyer.

​Find out more about Freddie Mac’s new program for first-time homebuyers! Contact us today.

What’s Your Renovation Scenario?

Down payments can be as low as 3.5% with low interest rates!

Looking for more information? Contact us today.

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