We understand how agonizing it is when you cannot qualify for a standard loan.   It is also be distressing when you are told to wait up to 3 years before you can buy a home if you had a foreclosure or bankruptcy. But should it be that way when the issue was temporary? Certainly no. Your solution is a specialty loan and Huron Valley Financial is always ready to help you out of such tricky situations.

What is a Specialty Loan?

A specialty loan is a type of mortgage designed to help provide financing for people who are not eligible for standard loans. Because specialty loans fall outside of normal guidelines, they are typically designed and built by the lender primarily around relationships.

HVF Construction Advantage Loan

If you are interested in building a custom home, then the HVF Construction Advantage loan is the ideal package for you. With this program, you have two options: a single loan to finance your home construction or two separate homes for home construction and a permanent loan after the completion of the project.

Portfolio Plus Loans

Under this program, we have different packages to provide our customers varied options and to target specific customers. These options include Homebuyers Advantage Loan, Doctors Advantage Loan, Condo Advantage Loan and Jumbo Advantage Loan.

  • Homebuyers Advantage Loan: Pay a down payment of 5% on a home purchase with this loan. There’s no need for monthly private mortgage insurance.
  • Jumbo Advantage Loan: This loan has lower interests thanks to its fixed and adjustable mortgage rates. So, if your Jumbo loan qualifies for this program, you are certain to enjoy reduced interest costs.
  • Doctors Advantage Loan: With this option, medical doctors enjoy up to a $500,000 loan with no down payments. Mortgage insurance is also not necessary.
  • Condo Advantage Loan: If Freddie Mac, FHA or Fannie Mae deems your condominium non-warrantable, then you can enjoy financing with this loan.

At Huron Valley Financial, we strive to offer flexible financing options that meet the needs of our clients. We understand every customer’s situation, so we work to ensure that they are able to get their dream homes with our reliable financing solutions. You can visit any of our branches to learn how we can help.