Over the past year and a half, the mortgage industry has faced some tough challenges, and we've been working tirelessly to ensure we remain well-positioned to support our clients through these times. With the anticipated Federal Reserve rate cuts appearing to be delayed, and their initial impact uncertain, we've proactively expanded our lender partnerships to offer a more diverse range of specialized mortgage products.
At Heritage Mortgage Company we not only have access to lenders who offer FANTASTIC interest rates, but we can also promise you some of the fastest underwriting and processing turn-times in the industry. Whether you're looking for Conventional loans, FHA, VA, USDA, or HELOCs, we have the perfect solution tailored for every borrower. We even offer access to the MASS Housing Loan!
Here’s some exciting news for First-time homebuyers. One of our lending partners is now offering an exclusive ZERO down payment loan product! Yes, you read that right.
Here’s how it works:
This 0% Down Payment Purchase program is specially designed to support qualified first-time homebuyers. It includes a 3% down payment assistance loan of up to $15,000, enabling you to buy a home with no initial down payment. This assistance is structured as a second lien mortgage that carries no monthly payments or interest and is settled only when you refinance or pay off the primary mortgage. The first lien (97% LTV) loan is a FIXED-RATE, CONVENTIONAL LOAN. That means your principal & interest payment remains fixed over the life of the loan. No surprises and no balloon payments, just straightforward, accessible financing to help you secure your dream home, without the financial strain of using all your savings.
Renovation Loans:
Imagine transforming a home that requires a lot of love and hard work and turning it into your Dream Home! Heritage Mortgage Company can help you with our access to a full line of Renovation Loans. Whether it’s the FHA 203k, Fannie Mae’s Homestyle, Freddie Mac’s CHOICE, or even a specialized VA and USDA renovation loan, we’ve got the tools to fund your vision.
Construction Loans
Explore the convenience of a One-Time Close New Construction loan, designed to simplify your building and financing process. This innovative loan option combines the construction and permanent financing into one single closing, reducing stress and paperwork. Ideal for both buyers not currently owning the lot or those looking to refinance and build on their own lot, this loan covers everything from the lot purchase to construction costs. Enjoy the simplicity of multiple disbursements throughout the construction phase, with a smooth transition to a permanent mortgage upon project completion. Let us help you turn your construction plans into reality with tailored financing solutions.
Reverse Mortgages
For seniors seeking financial flexibility, the Reverse Mortgage Loans are a perfect solution. These loans allow seniors to either supplement their income or purchase a new home without the burden of monthly mortgage payments.
Specialty Loans (hard to find niche products)
Another edge we provide to our clients, is our access to a wide variety of specialty loan programs which are all available under one roof. These niche products cater to various unique financial situations and most companies don’t have the ability to offer these to their clients.
Investor Fix & Flip Loans: Perfect for renovating and selling properties.
Investment Property Loans: Qualify based on the property's cash flow, with no DTI calculations and no limit on the number of properties owned.
Bank Statement Loans: Ideal for self-employed individuals and investors.
Bridge Financing: Offers an exclusive “non-hard money” loan solution for transitional financing needs.
40 Year Interest Only Loans: For longer amortization with minimal monthly payments.
1031 Exchange with Bridge: Facilitates property exchanges with bridge financing.
Condotel Loans and Non-Warrantable Condos: Specialized financing for unique property types.
Commercial Loans: For larger scale investment and business property purchases.
We pride ourselves on providing solutions that are tailored to your unique needs, ensuring you have access to the best tools and products to achieve your financial goals. Whether you’re looking to buy your first home, move-up home, refinance your current mortgage, expand your real estate portfolio, or need a tailored loan solution, reach out to us, and discover how we can help you get the financing you need.
Real Estate Professionals - Why Should You Partner with Us?
Our expanding list of lenders and diverse loan products ensures that we can accommodate a wide range of client needs, from first-time homebuyers to seasoned investors. For our real estate partners, this means you can confidently refer clients knowing that we have the tools and expertise to facilitate smooth and successful transactions.
We are committed to continually enhancing our list of available loan products and keeping you informed about the latest in mortgage solutions. If you’re interested in learning more about how we can work together to meet your clients' needs, please reach out so we can schedule a time to chat. Please call 781-740-5500 ext 232 or send an email to johnt@mgroup3.com
Heritage Mortgage Company (NMLS # 1701 / MB1701) is a mortgage broker, not a direct lender. All loan products mentioned are subject to the specific guidelines and approval of the respective lenders. Terms and conditions apply based on individual lender criteria and borrower qualifications as determined by the respective lenders offering each product.