DISCLOSURE ABOUT QUALIFYING: Loan product availability is subject to loan amount and qualification of borrower. Not every applicant qualifies or is eligible for every loan program. Some products may not be available in all states. Loan approval and rate are dependent on borrower credit, collateral, and financial history. All loan programs, terms and rates are subject to change without notice.

TRADITIONAL
Are you looking for 15 or 30 year fixed monthly payments?
GOVERNMENT
Are you in the armed forces? Veteran? Reservist? Surviving spouse?
SPECIALTY
Do you have a special financial situation or unique mortgage need?
LOAN PURPOSE
Are you buying a new home or refinancing your existing one?
AMORTIZATION
How many years will it take to pay back a loan with interest?
PROPERTY TYPES
How will you use the property? Is it a second home? Investment?Conventional Loans
It all starts with a strong foundation—for your home and for your finances. Our Conventional loans provide solid mortgage options for homebuyers and homeowners looking to refinance.
Conventional loans are popular as they typically offer favorable terms.
- Fixed-rate and adjustable-rate options
- Wide range of repayment terms
- Down payments as low as 3%
- Competitive interest rates
- Minimum credit score of 620, in most cases
- Other requirements and conditions apply
FHA Loans
Traditional mortgages may not be the best fit for everyone. Government-backed programs like FHA loans have unlocked the doors to millions of American dreams.
FHA loans are an excellent option for first-time homebuyers and those who may not be looking to make a large down payment.
- Lower credit score requirements
- Lower down payment of at least 3.5%, in most cases
- Fixed-rate and adjustable rate options
- Other requirements and conditions apply
VA Loans
Supreme Lending is proud to offer VA loans, serving those who have served and sacrificed so much for our nation to achieve their dreams of homeownership.
VA loans help millions of eligible military Veterans and active-duty personnel purchase or refinance their homes and provide 100% financing.
- Lower interest rates and closing costs
- No down payment requirement
- No private mortgage insurance required
- Fixed-rate and adjustable-rate options
- Available for first-time and repeat homebuyers
- Variety of eligible VA-approved property types
USDA Loans
If you prefer country living, this government-backed mortgage program for properties in eligible rural areas may be the right one for you.
The U.S. Department of Agriculture (USDA) is best known for supporting farmers and ranchers. But it also helps people buy homes without putting any money down.
- 100% financing available
- Lower interest rates
- Down payments as low as 0%
- Reduced closing costs
- Lower credit requirements
- Gift funds can be accepted
Jumbo Loans
Families come in all different sizes. So do housing needs. A Jumbo loan from Supreme Lending could help make your dream home a reality.
Jumbo loans can help homebuyers purchase “more house,” such as luxury properties or vacation homes, without tapping into savings.
- Designed for more expensive primary, second, or vacation homes
- Fixed-rate and adjustable-rate options
- Wide range of repayment terms
- Specialized programs with lower than 20% down payments
Renovation Loans
Ready to upgrade your home? Whether you’re planning for a top-to-bottom renovation or smaller rehab projects, our loan programs can help your property reach its full potential.
Kitchens and baths. Pools and patios. Roofs and gutters. Attics and basements. Renovation loans can help you finance your home remodeling or repair projects.
- Primary residences and investment properties
- Lower credit requirements
- Indoor or outdoor improvements
- Purchase or refinance options available
Condo Loans
Homeownership isn’t limited to traditional single-family homes. Our home loans options include specialized condo financing.
Looking for a condo lifestyle? Our wide range of mortgage programs can help you finance your next home or condominium.
- Dedicated team of Condo loan specialists
- Unique government loan program options
- Purchases or refinances
- Flexible and affordable options
Refinance
A Refinance loan replaces a homeowner’s current mortgage with a new one. Our team could help you determine your options and potential benefits of refinancing.
Refinancing could help homeowners achieve their financial goals through lowering monthly mortgage payments, getting more favorable terms, or cashing out on home equity.
- Lock in a lower interest rate
- Lower monthly mortgage payments
- Change the repayment period
- Take cash out to eliminate other debts, or fund home improvements and other expenses
First Time Buyer
These programs assist the first-time homebuyers who do not have the resources to make a down payment on a home.
Advantages:
- Lower down payment.
- Easier to qualify.
- May get lower rates.
Features:
- May be subject to income and property value limitations.
- Some programs which have government subsidies may have a recapture tax if the home is sold too early.
Purchase
The process of acquiring a property for the purpose of primary residence, second home or investment property.
Advantages:
- All interest on the mortgage is tax deductible.
- Establishes credit history.
- Secured investment.
- Builds equity.
- Can be used to borrow against.
Rate Term Refinance
The process of paying off one loan with the proceeds from a new loan, using the same property as security. Cash received by the borrower at closing may not exceed $2,000 (not allowed in Texas). Status varies depending upon State Law. The purpose is, as the name implies, to reduce the interest rate, payment, and/or overall term of the mortgage.
Advantages:
- Reduction of the interest rate, payment, and/or overall term of the mortgage.
- Limit of $2,000 cash (varies depending upon State Law).
Cash Out Refinance
Cash-out refinances are deemed to have a higher risk factor than either rate & term refinances or purchases due to the increase in loan amount relative to the value of the property.
Advantages:
- A lump sum of money at closing for large purchases.
- Easy to qualify as equity has been built.
- Tax benefit is if loan is used to pay off other debt on which interest is not tax deductible.
- Interest rates are usually lower on cash out refinance loans than they are on home equity loans.
Fixed Rate
A fixed rate mortgage is a mortgage loan where the interest rate on the note remains the same through the term of the loan (10,15, 20, 25 or 30 years), as opposed to loans where the interest rate may adjust.
The payment amount is independent of the additional costs on a home sometimes handled in escrow, such as property taxes and property insurance.
Advantages:
- Monthly payments are fixed over the life of the loan.
- Interest rate does not change.
- Protected if rates go up.
- Can refinance if rates go down.
Adjustable Rate
An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted ( 1, 3, 5, 7 or 10 years; even 1 or 6 months) based on a variety of indexes. Among the most common indexes are the rates on 1-year constant-maturity Treasury (CMT) securities, and the London Interbank Offered Rate (LIBOR).
Consequently, payments made by the borrower may change over time with the changing interest rate (alternatively, the term of the loan may change). The borrower benefits if the interest rate falls and loses out if interest rates rise.
Advantages:
- Lower initial monthly payment.
- Lower payment over a shorter period of time.
- Rates and payments may go down if rates improve.
- May qualify for higher loan amounts.
Primary Residence
A person’s primary residence is the dwelling where they live, typically a house or an apartment. A person can only have one primary residence at any given time, though they may share the residence with other people.
A primary residence is considered as a legal residence for the purpose of income tax and/or acquiring a mortgage.
Advantages:
- All interest on the mortgage is tax deductible.
- Establishes credit history.
- Secured investment.
- Builds equity.
- Can be used to borrow against.
- Gifts are allowed.
Second Home
A “second home” refers to private ownership of a residence other than one’s primary residence. Depending on their purpose, second homes are sometimes called vacation homes, or secondary residence. The property must be available for your exclusive use and enjoyment and must not be subject to any rental pools or long-term leases.
Advantages:
- Buy the home now while employed and retire in it later.
- Build wealth with additional equity.
- Similar terms to primary residence loan.
Investment Property
A real estate property that is not occupied by the owner and has been purchased with the intention of earning a return on the investment, either through rent, the future resale of the property, or both.
An investment property can be a long-term endeavor, such as a rental home, or an intended short-term investment in the case of rehabilitation (where a property is bought, remodeled or renovated, and sold at a profit).
Advantages:
- Capital growth.
- Rental income and yield.
- Tax shelter.
- Build wealth.