Loan Programs

The following is a partial list of programs offered by Duane Buziak premium mortgage rate Broker with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 804-212-8663.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.

Conventional Loans

A popular loan type, conventional fixed rate loans feature a constant interest rate for the life of the life. Generally speaking, monthly payments remain constant. Traditionally borrowers are expected to provide a 20 percent down payment though this is not necessarily required

HELOC Loans

A HELOC, or Home Equity Line of Credit, is a type of loan that allows homeowners to borrow money against the equity in their home. Essentially, it’s a revolving line of credit, like a credit card, where you can borrow, repay, and borrow again, up to a certain limit, using your home as collateral…

VA Loans

VA (Veterans Affairs) loans are mortgage loans specifically designed to assist eligible U.S. veterans, active-duty service members, and certain members of the National Guard and Reserves in achieving homeownership. These loans are backed by the U.S. Department of Veterans Affairs, …

FHA Loans

FHA (Federal Housing Administration) loans are government-backed mortgage loans designed to make homeownership more accessible for low to moderate-income individuals and those with less-than-perfect credit. They offer benefits such as low down payments, competitive interest rates…

USDA Loans

USDA (United States Department of Agriculture) loans are government-backed mortgage loans that primarily aim to promote homeownership in rural and suburban areas. These loans offer benefits such as zero down payment requirements, competitive interest rates, and more flexible credit criteria, making them an…

Jumbo Loans

Jumbo loans are a type of mortgage loan designed for purchasing high-value homes that exceed the conventional loan limits set by government-sponsored entities like Fannie Mae and Freddie Mac. They offer the flexibility to finance luxury properties, with competitive interest rates and terms, catering to borrowers…

Reverse Loans

Reverse mortgage loans, also known as reverse equity loans, are only available to homeowners 62 or older. Like its name indicates, this program pays the homeowner either a one-time large payout or monthly installment. Once the loan term expires the house …

DSCR Loans

DSCR (Debt Service Coverage Ratio) loans are specialized financing options primarily used in commercial real estate and investment properties. These loans focus on the property’s ability to generate sufficient income to cover its debt payments, rather than relying solely on

Construction Loans

Construction loans are short-term loans designed to fund the construction or renovation of residential or commercial properties. They provide borrowers with access to funds in stages as the project progresses, reducing the financial

Non-QM Loans

Non-QM (Non-Qualified Mortgage) loans are mortgage products that do not conform to the strict guidelines set by government-sponsored entities like Fannie Mae and Freddie Mac. These loans are typically designed for borrowers who

Bank Statement Loans

Bank Statement Loans offer a flexible solution for self-employed individuals or those with non-traditional income. Instead of tax returns, these loans use your bank deposits to verify income, making them

Refinance Loans

Home Refinance Loans, also known as refinancing, involve replacing an existing mortgage with a new one, typically with different terms or interest rates. Borrowers often pursue refinancing to lower…

Foreign National Loans

Foreign national loans are mortgage loans specifically tailored for individuals who are not U.S. citizens or permanent residents but wish to purchase property in the United States. These loans are designed to provide access to U.S. real estate markets,

Commercial Loans

Commercial loans are financial products designed to support businesses in various ways, including financing property acquisitions, expansion, or working capital needs. They typically offer more significant loan amounts and longer repayment terms compared to