Government Loans
FHA Loans
We are manual underwriting experts
FHA loans have helped credit challenged, first-time buyers, and lower-income families since the 1930s. But really, anyone can get an FHA loan. If you have a borrower with thin tradelines, non-traditional credit references may be eligible instead, making FHA a great option for those borrowers.Program Features
Terms available
Documents
Tools
FHA Streamline Refinance
No Minimum FICO – No income documentation
FHA Streamline Refinance offers current FHA loan holders easy refinancing with minimal documentation and no appraisal. This program also offers lower total lender fees and reduced documentation compared to standard FHA loans.Program Features
Terms available
Documents
Tools
FHA 203(h) Products
The FHA 203(h) Mortgage Insurance for Disaster Victims program is available on purchase and refinance transactions for individuals impacted by disasters designated as Presidentially-Declared Major Disaster Areas (PDMDA). Currently available to qualifying renters/tenants and homeowners in PDMDA’s, some of which may qualify to purchase a new home with zero down payment. Refinance Transactions are available to current qualifying homeowners in PDMDA’s and may have the ability to refinance repairs, refurbishing, or rebuilding of their home up to 100% LTV.Program Features
Terms available
Documents
Tools
USDA Loans
550 Minimum FICO – 100% Financing Available
USDA loans are used primarily to help low-income individuals or households purchase homes in rural areas. Deliver on your client’s dream of a property in a less-populated area with no money down and possibly no out-of-pocket expenses.Program Features
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USDA Streamlined Assist
No Minimum FICO – No DTI calculations
With Carrington’s USDA Streamlined Assist loan, borrowers can refinance an existing USDA loan with a simplified process requiring no appraisal, credit reports, property inspections, or DTI calculations. Typically, USDA loans are used to help low-income individuals or households finance homes in rural areas.Program Features
Terms available
Documents
Tools
VA Loans
Especially for qualified veterans, service members and their spouses
As one of the country’s largest VA mortgage loan servicers, Carrington Mortgage Services, LLC continues to serve those who served in our nation’s armed forces by offering incredibly favorable lending terms to our nation’s veterans. We deliver quality customer service, competitive rates, and numerous loan options to fit your clients’ financing needs.Program Features
Terms available
Documents
Tools
VA IRRRL Products
No Minimum FICO – No income documentation
Lowering rates and payments of existing VA loans is easy with Carrington. As one of the country’s largest VA mortgage loan servicers, we continue to “serve the underserved” by offering incredibly favorable lending terms to our nation’s veterans. The VA IRRRL is perfect for existing VA borrowers who may have some late mortgage payments and could benefit from better loan terms.