Lewis Corcoran - Offering Reverse Mortgages, and FHA, VA, and USDA Loans

Star Mortgage - Offering Home Mortgage Loans in MA and FL

Star Mortgage - Offering Home Mortgage Loans on Cape Cod and the Islands, in Massachusetts, and in Florida

You're excited at the prospect of buying that dream home you've always wanted.

Or you're ecstatic that mortgage interest rates have finally come down, and you're looking forward to refinancing your mortgage so you can lessen the strain on your monthly budget.

Or you're in need of a reverse mortgage to eliminate the mortgage payment and keep your home, or to supplement your income for your retirement years.

But you're not sure if you're dealing with the right person - or the right company.

We know how you feel. We've been through all of that ourselves. So we know what you want and need from a mortgage lender. We understand the importance of finding the right mortgage loan program for you, for your family, and for your home.

We've helped thousands of people just like you with the financing of their largest asset and most prized possession - their homes. And we'll work with you one-on-one to ensure that you get a solution that is tailored specifically to meet your home financing needs.

So, whether you're purchasing your dream home, refinancing an outstanding mortgage, consolidating debt, or want or need a reverse mortgage, we can help you find the right mortgage loan program that best meets your needs - and at the lowest rate possible.

Available Mortgage Loan Programs in MA and FL

Available Mortgage Loan Programs on Cape Cod and the Islands, in Massachusetts, and in Florida

Whether you're purchasing your first home in South Yarmouth, in need of a cash-out refinance in Falmouth, want to refinance your mortgage in Brewster to get a lower rate, looking for a vacation home loan in Eastham, in need of a rehabilitation loan for that fixer-upper in Harwich, or in need of a reverse mortgage in Orleans, we have you covered.

The following mortgage loan programs are available for you on Cape Cod and the Islands, in Massachusetts, and in Florida:

• Reverse Mortgages
• FHA Mortgage Loans including the FHA Streamline Refinance Loans and FHA 203(k) Rehab Loans
• VA Mortgage Loans including the VA Interest Rate Reduction Refinance Loans (VA IRRRL)
• USDA Rural Development Loans
• Conventional fixed and adjustable rate mortgages
• Conforming Jumbo fixed and adjustable rate mortgages
• Interest only mortgages

Buying and mortgaging a home is one of your life's biggest financial decisions, and it can be an intimidating endeavor. However, buying and financing a home should be about you, your wants, needs and desires, as well as your expectations. We'll take care of all the details, and make sure your transaction is as smooth and worry free as possible. So give us a call. We look forward to hearing from you!

Reverse Mortgages, FHA Loans, VA Loans, and USDA Rural Developme

Reverse Mortgages, FHA Loans, VA Loans, and USDA Rural Development Loans

Reverse Mortgages

You have worked hard to build equity in your home. Now, it might make sense for you to tap into that equity. If you are over age 62 and have substantial equity in your home, you may be qualified for this government sponsored benefit program. With a reverse mortgage, you can:

• Stop making mortgage payments
• Consolidate your debt
• Increase your standard of living
• Make repairs to your home
• Take that dream vacation
• And much, much more

See Reverse Mortgages to learn more about this mortgage loan program.

FHA Mortgage Loans

The FHA (Federal Housing Administration) mortgage is one of the most popular home mortgage loan program right now - especially for first-time home buyers as well as for those who have credit issues or little or no money to put down.

FHA mortgage loans contain the following features:

• Generally easier to qualify for than conventional loans
• Down payments as low as 3.5%
• Allows for 2nd mortgages and down payment assistance from state, county and local government agencies
• Easier to qualify for with less-than-stellar credit than conventional loan
• Non-traditional credit may be acceptable
• Flexible qualifying ratios
• A non-occupant co-borrower is permitted
• There are no prepayment penalties
• Loans are assumable to qualified buyers
• Lower monthly mortgage insurance (MI) premiums than on conventional loans
• Sellers can contribute up to 6% of the purchase prices towards points, closing costs, prepaids and escrows

See FHA Mortgage Loans to learn more about this program.

VA Mortgage Loans

Designed to offer long-term financing to veterans, VA guaranteed home loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible military personnel and veterans for the purchase of a home or refinance of an existing mortgage. The VA determines eligibility and issues a Certificate or Eligibility to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA mortgage loan than it is for conventional loans.

Here are the highlights of the VA mortgage loan:

• 100% financing without private mortgage insurance or a second mortgage
• A VA funding fee of 0% to 3.3% of the loan amount (depending on military service) is paid to the VA (this fee may be financed or paid by the seller)
• When purchasing a home, veterans may borrow up to 100% of the purchase price or appraised value of the home, whichever is less
• When refinancing a home, veterans may borrow up to 90% of appraised value
• Closing costs are comparable and sometimes lower than other financing types
• No monthly mortgage insurance premiums
• The mortgage is assumable by a qualified buyer when the house is sold
• Veterans can now refinance an existing non-VA mortgage into a VA loan
• Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan

See VA Mortgage Loans to learn more about this program.

USDA Rural Development Loans

Families and individuals living in rural areas may be eligible to become homeowners with the help of a little known program: the U.S. Department of Agriculture (USDA) Rural Development Guaranteed Home Loan.

The USDA offers a variety of mortgage programs to help low to moderate-income individuals living in small towns or rural areas achieve homeownership. And you might be surprised at what's considered Rural!

The Rural Housing Service (RHS) helps qualifying applicants who typically cannot obtain credit from other sources to purchase modestly priced homes as their primary residence. Through the USDA Home Loan program, low and moderate income people can qualify for mortgages - even without a down-payment.

USDA Rural Development Home Loans are an attractive option because:

• No down payment - you can finance up to 100% of the purchase price
• There are minimal closing costs
• There are no monthly mortgage insurance premiums
• They can be used to purchase a new or an existing home
• They can be used toward the purchase and renovation of a previously owned home

See USDA Rural Development Loans to learn more about this program.

Legal Requirements And Disclosures

Licensed by the Massachusetts Division of Banks Mortgage Broker # MB0782. WE ARRANGE BUT DO NOT MAKE LOANS. Lew Corcoran is a Licensed Professional, Massachusetts License MLO69200. Florida Mortgage Brokerage Business MBB 0501382. The content and information or data on this website is subject to change without notice. All loan programs are subject to credit approval. Not all loans or products are available in the states we are licensed in. Information on the website shall not be considered a commitment lend. Restrictions may apply. All loans are subject to credit qualifications and Lender approval. As always, your referrals are greatly appreciated. When you recommend someone you know to me for advice, you can be assured that they will receive Honest, Courteous and Professional service which is what you would expect from me. Lew Corcoran

Star Mortgage® is our trademark. Registered with the United States Patent and Trademark Office - All Rights Reserved.