Loan Programs

Conventional - Fixed and Adjustable Rate

Finance your home today with fixed rate mortgages. We provide solid, secure mortgages backed by Fannie Mae, Ginnie Mae or Freddie Mac. That might sound boring, but you’ll appreciate the stability. Flexible terms.

Renovation Loans

Buying a fixer-upper today and turning it into your dream home later can seem like the perfect plan — but the actual cost to renovate and remodel is sometimes a much harsher reality.

Here’s the deal: you’re taking on a lot with this project. At least save yourself some headaches by getting one mortgage to finance the purchase and all that repair work.

PRMI Select

This government-insured FHA loan option is ideal if you have been hitting dead ends every time you apply for a traditional mortgage.

Get this 30-year mortgage with a fixed rate even if your credit score is in the 500s.

FHA Loans

FHA Loans are geared toward hard-working families in low- to moderate-income brackets. Down payments are lower than conventional mortgages. And you can choose from various terms with fixed or adjustable rates.

Jumbo loans

These mortgages come with stricter guidelines due to higher loan amounts. But you can handle it. You know what you want and how to get it. That’s why you have your eye on that king-size chalet in the first place.

 

Reverse Mortgages

Reverse Mortgages, also known as a Home Equity Conversion Mortgage (HECM), gives seniors the ability to use their home’s equity as cash which can provide an improved financial situation by eliminating monthly mortgage payments. This Federally insured loan offers multiple ways to receive the borrower’s funds and gives them the ability to spend the cash as needed. Common uses of Reverse Mortgage income includes paying off debt, assisting with everyday living, covering costly medical bills, home repairs, vacations and more!

 

Rural Housing Loan (USDA)

The USDA determines what “rural” means, and that varies widely by state. But if you’re eligible, you can qualify for lower monthly payments and you don’t need money for a down payment. You’ll also spend less time in traffic driving to the closing.

 

Self-Employed Loans

Now small business owners can qualify for a home loan without needing income verification through tax returns.

FHA Wind & Solar Programs

The FHA Solar and Wind Select Program allows you to borrow above the value of your home to cover the cost and installation of new solar or wind energy system improvements to your property at the time of a purchase or refinance.

Solar Loan Program

PRMI’s Solar Loan Program is designed to help borrowers home improvements to increase energy efficiency and reduce utility costs. This energy efficient program offers affordable financing environmentally to invest in green improvements such as solar panels, weatherization, HVAC replacements and much more. It also gives you the option to pay off energy-improvement debt such as a Property Assessed Clean Energy (PACE) Loan.

VA Loans

The VA loan is one of the few programs that lets you finance 100% of the home’s value with $0 down. It doesn’t require Private Mortgage Insurance (PMI) on loans of more than 80% of a home’s appraised value, potentially saving you $100 to $200 a month.

Down Payment Assistance Programs

Looking to purchase a home in Arizona? Worried you won’t have enough cash for your down payment or closing costs? Lucky for you Arizona has a variety of down payment assistance programs to help buyers receive a mortgage that fits their exact, financing needs.

 

FHA Construction 1x Close

PRMI’s FHA Construction One-Time Close loan gives the benefits of a FHA loan combined with construction and permanent loans (3.5% down and down to 620 credit score). It closes upfront before construction begins and there is no requalifying the borrower after the loan is closed.

Doctor Select Program

PRMI understands the unique financial need of doctors. Whether you’re still finishing residency or are a partner in a fast-growing practice. The PRMI doctor loan may be the perfect mortgage option fit.

Need more details? Contact us!

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