FIND A LOAN

I don’t have a lot of money for a down payment.

FHA

I want to buy a house that needs some repairs.

Renovation Loans

I am a Military Veteran or am actively serving.

VA Loans

FHA

CBLT offers the Federal Housing Administration Loan (FHA) to assist borrowers who may need a low down payment and flexible mortgage guidelines. The FHA loan is a great product that helps many people refinance or become homeowners.

  • Low down payment required – This can be a gift; see your CBLT Mortgage Loan Officer for details.
  • Under the FHA streamline program, current FHA loan borrowers can refinance with no appraisal.
  • The seller can contribute to borrower’s closing costs.

Renovation Loans

Turn a place with potential into the home of your dreams with a CBLT renovation loan. We offer several products for minor or major upgrades on a home. Our renovation programs make it convenient for you to improve a property by including the extra financing in a purchase or refinance loan. Find out how easy it can be by contacting us today.

FHA 203(k) Standard or Limited Renovation Loans
The FHA 203(k) Standard gives buyers with limited disposable cash the ability to afford both a home purchase and the repairs needed. Additional benefits are a low down payment and option for the seller to pay part of the closing costs. The FHA 203(k) Limited is one loan offering a maximum of $35,000 toward minor updates.

Fannie Mae HomeStyle® Renovation Loan
HomeStyle® prevents borrowers of a purchase or refinance from having to get a second mortgage to renovate and is offered to both homebuyers and investors.

VA Loans

Veterans Affairs (VA) loans are making the dream of homeownership a reality for millions of veterans and military personnel. VA loans guarantee a maximum of 25% of a home loan amount up to $104,250 for qualifying borrowers.

One of the primary benefits of a VA loan is that it offers 100% financing for purchases and refinances without requiring mortgage insurance. Funding gifts are allowed and the seller can pay off veteran debt if necessary to qualify for the loan.

How It Works:
VA loans are equal opportunity loans for all qualified veterans and military personnel who meet service requirements.

Who It’s For:

  • Veterans and Military Personnel.
  • Qualifying borrowers who want low and no-down payment options.
  • Qualifying homeowners who want to refinance.
  • Veterans who want a loan without mortgage insurance.

I’m 62 or over and don’t want a mortgage payment.

Reverse Mortgage

I need a loan amount above $417,000.

Jumbo Loans

I want the lowest interest rate available.

ARMs

Reverse Mortgage

If you are house rich but cash deprived, a reverse mortgage may be the answer. The Home Equity Conversion Mortgage (HECM) loan offered by CBLT is for homeowners 62 or older and can help borrowers be more financially secure and maintain their quality of life through retirement.

HECM uses the value of your home’s equity to provide monthly or lump sum money while allowing the homeowner to stay in the home without making mortgage payments. The loan eliminates the existing mortgage and proceeds are tax-free.

How It Works:
Homeowners older than 62 can tap into accumulated home equity to eliminate current mortgage payments and release cash flow.

Who It’s For:

  • Homeowners at least 62 or older with built-up home equity.
  • Senior homeowners in need of cash flow to cover other expenses.
  • Senior homeowners who want to eliminate mortgage payments.
  • Borrowers who want to have their quality of life improved.

Jumbo Loans

If you’re in the market for a home that requires a loan exceeding the standard limit of $417,000, don’t despair. Thanks to our investor relationships, CBLT  has the backing to offer jumbo loan programs for borrowers who want an amount above $417,000 with in-house underwriting.

How It Works:
CBLT offers a variety of jumbo loans above $417,000 with low down payment and lower than average interest rates.

Who It’s For:

  • Borrowers in the market for a home loan above $417,000.
  • Borrowers who want a high loan amount with waived mortgage insurance.

ARMs

CBLT offers sophisticated mortgages to borrowers who may not expect to be in the home for a long period of time. The adjustable rate mortgage is fixed for a period of time and can adjust thereafter. Your CBLT Loan Officer will be glad to assist you in determining which mortgage program will best fit your needs. Since the interest rate may rise over time, it is not recommended for every borrower.