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Loan Programs

(click on a program for detail) or Please call us for more details on the various loan programs.

Less than Perfect Credit
Adjustable Rate Mortgage
Long-term Rate Lock
No Points. No Closing Costs.
First Time Homebuyers Programs
My Community Mortgage
Second Mortgage Programs
Fixed Rates
FHA Loan Program
Multi-Family Financing
Second Homes
Investment Property
Land Loans
Construction Loans
Commercial Loans
Condo Conversion
Adult Housing Communities (55+)
Permanent & Non-Permanent Resident Aliens
Foreign National Programs
Jumbo Loans

Less than Perfect Credit
One Source Mortgage has a vast array of loan programs for every type of borrower.  We understand not everyone will have a perfect credit history and life situations happen that cause credit problems.  We are here to help!!  We have programs for purchasing a new home, refinancing the one you’re in to take cash out to consolidate those debts, for home improvements or just about anything.  We allow higher loan to values than most lenders and will even do the loans on low doc type loans.  If the loan makes sense- we are usually able to approve it.

Adjustable Rate Mortgage
This program enables you to purchase more house for your money by offering lower payments, easier loan approval, and specified adjustment periods so you can anticipate changes in your payment schedule.

Long-term Rate Lock
Lock in today’s rate for up to 360 days while your new home is under construction

No Points. No Closing Costs.
Lock in at a low rate and pay no points or closing costs.  Let us pay your closing costs for you.

First Time Homebuyers Programs
One Source Mortgage offers many programs for First Time Homebuyers.  Enjoy loan features such as no money down programs on Fixed or Adjustable loan programs.  Depending on your credit score, we will allow higher qualifying ratios so you can afford that new home today.  We even offer programs for less than perfect credit with attractive rates.

My Community Mortgage
This is a “new affordable home loan solution” that can be beneficial for the needs of first-time homebuyers, lower income households or people who don’t want to take money out of their bank accounts for their down payment or closing costs. This program will allow you to save money on your monthly payments, reduce mortgage insurance.

Second Mortgage Programs
As mortgage rates go up and down, some client prefer not to refinance the first mortgage they may have.  At One Source, we realize that and offer Fixed Rate and Home Equity Line of Credit loans to give you access to the equity in your home for just about any purpose.  In most cases the interest you pay on these second mortgages are tax deductible (consult your financial advisor as to IRS rules on tax deductibility).  Most Second Mortgages have little or no closing costs options.

Fixed Rates
Fixed Rate programs offer you the security of a fixed monthly payment each month that will not change for the term of the loan.   You get all your money at once and pay a secure fixed rate until the loan is paid off in full.

FHA Loan Program
This is a government backed loan that is great for people who don’t have 20% saved up for a down payment or are trying to refinance above an 80% LTV. Borrowers with credit scores as low as 620 are able to utilize this loan and with rates as low or even lower than conventional loans FHA Financing is very attractive. Both 15 and 30 year programs are available.

Multi-Family Financing
One Source Mortgage offers many programs for Multi-Family Financing.   This program allows you to purchase or refinance an income producing property, which will help you make your mortgage payments each month.   Some borrowers usually will start out buying a multi-family home to live in and have the tenants pay for the mortgage.  Eventually down the road, they will keep that home for rental purposes and purchase another home later on to live in.  We offer low down payment loans for both owner occupied and investment loans.

Second Homes
How about that vacation home to get away to when you just need some time away.  One Source offers Second Home loans with low down payments and flexible terms such as Fixed and Adjustable rate programs.

Investment Property
This program allows you to purchase or refinance a rental home.  The tenants pay for your mortgage, you enjoy the benefits of developing equity over the years and an investment property will allow in some cases a tax write off.   Many homeowners invest in rental property for there retirement and to help them supplement future retirement income.   One Source has some very attractive programs with as little or no money down programs even on investment property if you qualify based on credit and income.

Land Loans
Land loans are the perfect way to buy a piece of land now and build later.  With the rises prices of real estate in general, land has also seen a dramatic increase in equity over the years.  You may be ready to build a new home now or maybe 2-3 years down the road.  One Source Mortgage can provide financing for land loans with attractive terms and low down payments.

Construction Loans
Building a new home?  The home will not be ready for 6-12 months.  Rates are on the rise?  We have the solution One Source Mortgage offers many long-term lock programs that range from 90-450 days.  You can take your time making sure the home of your dreams is just right for you and not worry about rates going up.  We lock your rate in for you and your protected.  With some programs we even have a “float down” option that if rates do fall while your locked in, you can float down to the lower rate.  We have attractive construction loan programs that can help you with the financing to build that new dream home with flexible terms and draw periods.

Commercial Loans
One Source understands the need for financing real estate outside of a conventional loan.  That’s why we offer commercial loans too.  Loans for residential or mixed units over 4 units, commercial office buildings, restaurants or any type of real estate secured financing.   We offer attractive loans programs and even have some with No Verification of Income or Assets if needed.  Call us today to find out about the “One Source Commercial Financing” programs.

Condo Conversion
The nationwide appeal of condo conversions is hitting New England.  There is no large down payment requirement for these properties and you will be able to enjoy a beautiful new condo at a reasonable price.

Adult Housing Communities (55+)
One Source Mortgage can accommodate financing for the 55+ Adult Housing Communities.   We offer all types of financing from Fixed to low adjustable rate programs.  While many companies are not financing these types of loans, One Source does!

Permanent & Non-Permanent Resident Aliens
One Source Mortgage offers many programs for borrowers who may not be U.S. Citizens.   If you’re a permanent resident alien with a green card or a Non-Permanent Resident Alien and do not have the green card, we can find a loan for you.   We have many Fixed and Adjustable Rate Programs and even have the One Source Portfolio Loans that will fit these types of borrowers.

Foreign National Programs
One Source recognizes the importance of lending in a global community and that not all borrowers meet the traditional residency qualifications.  Therefore we have come up with a plan that allows International borrowers to buy any home in the United States they desire.

Jumbo Loan
Any loan amount above 417K.