Welcome to Innovative Mortgage

FHA loans are insured by the government. Buyer typically puts 3.5 percent down payment. 

FHA allows the seller to contribute up to 6% of the purchase price towards closing costs.

Conventional are backed by private lenders Fannie Mae and Freddie Mac. They typically require 3 to 20 % downpayment.

Home equity loans allows a homeowner to access the equity in their home without having to refinance their existing mortgage.

VA loans are guaranteed by the government.  The Buyer typically puts 0% down payment. VA loans are for Veterans and their spouse. 

Bank statement loans are used as an alternative way for verifying income using 12 or 24 personal and/or business bank statements.

Reverse mortgage allows people over 62 years old to purchase or refinance a property without having a mortgage payment. Buyer is responsible for paying taxes, insurance and HOA fees.