Industry-leading pricing, varied program selection, and prompt, personalized service for your new home purchase or refinance.
We work with carefully selected wholesale lenders, uncovering the lowest rates, best terms, and providing a portfolio of loan programs to meet the unique needs of every customer. We work very hard to keep our costs down with allows us to offer our customers the best possible pricing. Low rates and less closing costs matter tremendously, and choosing the right lender will save you thousands of dollars over the life of the loan.
Buying a home is the largest and most complex financial transaction of most people’s lives. We are committed to the continued education of our customers. We want you to understand the mortgage process, your options, and to have a clear timeline of the various steps. You should always expect clear, prompt, and accurate answers to any questions you have. You deserve to have an expert in your corner who listens carefully to your goals and concerns, and then uses their experience to make recommendations on the best course of action.
We value your business and are committed to building a long-term relationship! Our business would not exist without repeat customers and referrals. Thank you for considering Bluestone Home Loans for your mortgage needs.
Bluestone Home Loans offers a variety of loan programs to meet your needs.
We work with carefully selected, wholesale lenders to provide:
FHA loans are ideal for first time home buyers or those most interested in contributing a lower down payment. Unlike the vast majority of lenders, we fully adhere to FHA guidelines without adding our own restrictions. This is huge for customers as FHA can allow as low as a 500 credit score in certain situations. Typically, FHA require only 3.5% down (10% for credit scores 579 and lower) and has more flexible qualifying guidelines than conforming loans.
For fixed rate mortgages, choose between 10, 15, 20, 25, or 30 year terms. For Adjustable Rate Mortgages we offer 5/1, 7/1, and 10/1 options. The minimum down payment requirement for conventional loans are typically 5%. We do offer the new Fannie Mae Home Ready and Freddie Home Possible programs which require as low as a 3% down payment with reduced mortgage insurance payments. Maximum income limits may apply to qualify.
VA stands for Veterans Affairs. These loans are insured by the US Department of Veteran Affairs and available to Service Members, Veterans, National Guard, and Reserve Members. Up to 100% financing available.
Often there is a need to go above the maximum loan amount limits of the Federal Housing Financing Administration. We have diverse offerings with flexible down payment and credit score requirements.
A reverse mortgage uses the equity in your home to make your housing programs for you. Based on FHA HECM guidelines, applicants must be 62 or older. It is important to note that reverse mortgages feature negative amortization. This means that each month the loan balance increases.
Not every customer’s scenario fits neatly into a box. We are the expert on non-traditional mortgage programs that most other lenders do not offer:
Not every situation is listed here! If you have a specific need or have been turned down by another lender, please don’t hesitate to reach out and we would be happy to assist you.