At Stockton Mortgage we are up to date on all the latest state sponsored programs. Ask your Loan Officer today about programs specific to your area.

  • Down Payment Assistance Programs
  • First Time Homebuyer Assistance
  • Income Restricted Programs

This loan is available to those with a minimum certification of M.D., D.O., D.D.S., or D.M.D.

  • Medical doctors including podiatrists, Ophthalmologists and Veterinarians.
  • An employment contract or verification of terms of employment must be provided.
  • 100% Financing is available
  • Loans without PMI are available
  • Primary Residence only
  • Medical Student Loan Debt may not be included in Debt to Income Ratio
  • Gift Funds can be applied to the down payment

A great loan option for a homebuyer looking to earn income from there property.

• Must be primary residence
• Fixed rates with 10, 15, 20, 25, or 30 year terms | Down Payment as low as 5%
• Dwelling value must be greater than or equal to 30% of the appraised value
• 700+ Credit Scores
• Must consist of a minimum of 5 acres

What is a 203 (K) Loan?

FHA 203k Standard and Streamline loans can be used to purchase or refinance an existing property and include the cost for home improvement and necessary repairs. The down payment requirement is low, and eligibility criteria are flexible. A vast range of repairs can be funded with these loans.

Allowable repairs include:

• Disability Access
• Heating, Ventilation and Air Conditioning
• Plumbing
• Roofing and Flooring
• Energy Conservation
• Kitchen Remodeling
• Decks and Patios
• Bathroom Remodeling
• Finishing an Attic or Basement

Are You A Veteran? You Proudly Served Your Country, Now Let Us Serve You.

If you’re an honorably discharged veteran, are currently serving on active duty or have completed a total of six years of service in the National Guard or selected reserves, you are eligible for a VA loan. Certain surviving spouses of veterans are also eligible.

• 100% financing, no down payment is required
• No monthly MI
• Low closing costs and may be paid by the seller
• Flexible credit guidelines
• Previous homeowners & First time home buyers welcomed

A great option for those who may have a low to moderate income households.

Stockton was Kentucky’s #1 rural housing lender three years in a row

• 100% financing, no down payment is required
• Non-traditional credit histories may be accepted
• Flexible credit guidelines
• No maximum purchase price
• Closing costs & prepaids can be rolled into the loan in certain situations
• Income restrictions apply
• Please check address eligibility with your SMC loan officer

A great option if your credit isn’t great and you are looking for a lower down payment.

• 3.5% down payment
• Low closing costs
• Easy credit qualifying
• Not just for first time home buyers
• Expanded debt ratio limits
• Non-Occupying cosigners allowed
• A gift from a family member, employer or charitable organization can be put toward the down payment
• Manufactured homes qualify

Already Have an FHA Home Loan?

How about a streamline refinance?

• No appraisal required
• Lower credit requirements
• Limited documentation to help you qualify

Conventional loans can be a fixed rate mortgage or an adjustable rate mortgage. These loans also include flexible down payments as low as 3%. Stockton Mortgage offers several conventional products that allow buyers to avoid PMI. Please call for details.

What types of Property are Eligible for Conventional Loans?

• Primary residences
• Investment properties
• Second homes
• 1-4 family residences
• Manufactured homes
• Planned unit developments
• Condos
• Modular Homes

Already A Home Owner?

Borrowers can refinance their primary residence, investment properties and second homes, and/or turn their equity into cash using a cash-out transaction. One final consideration of conventional refinance loans is the Home Affordable Refinance Program (HARP). This program is designed to help homeowners with little or no equity in their property refinance into a lower rate conventional loan.