The Force Group Offers Every Type of Loan You Could Need
The Force Group is breaking down loan programs, so you don’t have to!
The Force Group is a mortgage lending company that can help guide you through the multiple loan options that may be available to you for your next home purchase or significant business expense. Our 35 years of experience will help you find the most suitable loan program to purchase your first home. We can also help individuals experiencing credit difficulties or businesses seeking commercial lending services. Let’s take a quick look at the types of loans that we offer.
The housing market is still red hot, and you’re probably looking to make a splash in the real estate game, but where do you begin? A conventional loan is usually the most chosen loan program available. This type of loan is not insured by the government and can be selected as either conforming or non-conforming. An important note, unless you’re putting 20% down to start the mortgage, you’ll need to be prepared to purchase private mortgage insurance on the loan as well. Contact us today to find out more about conventional loans.
A jumbo loan program is for the buyer that exceeds the conventional loan limit. They are often used in locations where home pricing has skyrocketed, taking the property beyond average pricing models. These types of loans benefit those looking at areas where the cost of living and home pricing is usually out of reach by granting you more money to borrow to make your purchase.
When it comes to commercial lending services, the traditional-term loan is often the choice of many small businesses that have encountered a major expense that wasn’t expected or planned for. This loan usually looks like an agreed-upon amount of cash being delivered in one lump sum payment. The amount is then paid back over a set term with a certain percentage added as well. This type of loan can support businesses that have experienced a major financial setback or those looking to expand.
If you need only a small amount of money to purchase a new cash register or conduct a small remodel, short-term loans could be a good fit for your needs. It’s important to note that this loan usually has a shorter term for the buyer to pay back the loaned amount, except the loan range varies from three to eight months in length.
If you’re a business that’s stumbled or an individual looking to make a home purchase, The Force Group has multiple loan programs to fit your needs. Contact The Force Group today to learn more about our mortgage lending process or discuss our commercial lending services.