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Victory Funding offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
Conventional 30 Year Fixed
VA
FHA 30 Year Fixed
USDA Rural Guaranteed
Commercial Products
HECM Reverse Mortgage

Conventional 30 Year Fixed

A Conventional mortgage is one that meets a standard set of guidelines and is typically sold in the financial markets as a security instrument.  This Conventional mortgage product offers the most competitive fixed rates for credit qualified borrowers.  At Victory Funding we have access to a host of lenders from across the country who are competing for your business so we shop for the best rates and terms for you.

Term: 30 years   Maximum Amount: $417,000

VA

Veteran's Administration loans are reserved for the Veterans or active duty military personnel.  The programs allows 100% financing and can include ALL closing costs and carries NO Mortgage Insurance (MI)!  Debt ratios are calculated differently so more people qualify for this loan than would otherwise qualify.


FHA 30 Year Fixed

U. S. Department of HUD backed 30 year fixed mortgage.  With a Downpayment of only 3% and low Mortgage Insurance Premium this mortgage product allows buyers to get into a home with a minimal amount of cash.

Term: 30 years   Maximum Amount: $362,790
 

Loan limits vary by County so please call Victory Funding for the loan amounts availble in your area. 


USDA Rural Guaranteed

Great Loan program!  The product allows for 100% financing!  All of the closing costs up to 6% of the purchase price may be included in the loan and the monthly mortgage insurance (MI) is very low.  The household income of the borrower (even if all household members are not on the loan) may not exceed $87,000 (as of 2/7/2013) for a family of four. 

This product requires the property to be in a rural area according to the USDA eligibility map found on their web site. 

Term: 30 years   Maximum Amount: $417,000
 

This is one of our favorite products!  The borrower's credit score can be as low as 620 and the program allows MANY people who otherwise would not be home owners to own their own home. 

The mortgage insurance is 1/3 of what FHA is AND interest rates are lower than conventional loans and about the same as FHA.


Commercial Products

Each commercial loan is specifically taylored to your unique situation.  Please contact Victory Funding to discuss your scenario today.  Ask for a Commercial Loan Specialist when calling and have as much detailed information regarding your financial status and the property available as possible.

Maximum Amount: $99,999,999

HECM Reverse Mortgage

 This product allow you to remain in your home with no payments if you are at least 62 years old!  There are many complicated issues to investigate.  Reverse Mortgage should be part of the discussion surrounding your entire estate plan.  Call Victory Funding today to see if a reverse mortgage is right for you!

Maximum Amount: $312,500
 

This product is different than a forward mortgage and requires mandatory counseling and other specific qualifications.  Call us today at 518-899-7700



 Loan products may be added, changed or removed at any time.


Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,500,000 with closing costs of $30,000. Your actual APR may be different depending upon these factors.