Loan Programs

Everyone is different, we offer a variety of products to meet your individual requirements.
Reverse Mortgages
link box


Purchasing a home is one of the largest decisions anyone will make. At Homestead Funding Corp. we are dedicated to making your home financing process as smooth and seamless as possible.

When purchasing a home, you have many financing choices. We appreciate you giving us the opportunity to assist you with one of the biggest financial decisions you will make. Buying a home can be different for first-time buyers vs. repeat buyers. At Homestead we embrace everyone’s unique financial situation. From buying your first home, to purchasing and renovating a home or moving up to a larger home, Homestead has the right mortgage product for you!

To suit the expanding needs of today’s homebuyers we are constantly adding to our portfolio of mortgage products, call one of our Licensed Loan Originators today to explore your options!

link box


Refinancing a home a may be a great financial decision. One of our Licensed Loan Originators can help you make an informed refinancing decision.


  • Lowering your monthly interest rate*
  • Shortening the term of your loan
  • Lowering your monthly interest rate AND shortening your loan term
  • Switch from an adjustable-rate mortgage to a fixed-rate loan
  • Get cash out of the home’s equity
  • Take advantage of your improved credit score

The process of refinancing your home will be similar to the process of obtaining your original mortgage, especially when it comes to procedures and costs. It’s important to consider these costs when deciding if a refinance is right for you in the long-term.

Our team of experienced Loan Originators can work with you to determine if a refinance is right for you.

*By refinancing an existing loan, your total finance charges may be higher over the life of the loan.

link box

Conventional Loan Programs

Conventional loans are not insured by the FHA or VA. Usually, these are a good option for homebuyers with strong credit history and stable employment status.

A Conventional loan refers to a mortgage that follows the guidelines of government sponsored enterprises (GSEs) such as Fannie Mae or Freddie Mac but is not guaranteed or insured by the federal government.

Conventional mortgages can be classified as conforming or non-conforming. A conforming loan meets the parameters set forth by Fannie Mae or Freddie Mac while a non-conforming loan is one which exceeds the maximum loan limits established by these GSEs.

link box

Government Programs

FHA mortgages are a great option for homebuyers looking for a mortgage program with lower down payment options. A VA mortgage is a valuable benefit for qualifying military veterans.

Government programs are mortgages that are insured or backed by the Federal Government. These types of mortgage protect the lender if borrower does not pay their loan. At Homestead we offer many types of government programs to suit all needs.

link box

Jumbo Programs

Jumbo Mortgages are loans that exceed the conforming loan limits. Jumbos are ideal for the purchase of a higher priced or luxury homes.

Homestead has JUMBO mortgage solutions for you, including one with NO PMI!

Jumbo Mortgage benefits and features:

Loan Amounts to Fit Your Budget

  • Secure up to $2 million dollars for your home purchase or refinance.

Finance a Variety of Property Types

  • Available for primary and secondary homes as well as investment properties

Perfect Credit Isn't Required

  • Minimum credit scores starting at 660*.

More Loan Terms to Meet You Needs

  • Available for first-time home buyers**
  • Programs with as little as 10.01% down
  • Competitive Fixed Rates

Terms effective for loans locked on or after April 30, 2021. Certain restrictions apply. Guidelines and product availability subject to change at any time. *Credit score requirements based on property loan type, property type, occupancy and LTV. **First-time home buyers are subject certain requirements per underwriting guidelines.

link box

Renovation Programs

If you find a home to purchase with spectacular potential but it requires repairs, reconstruction or updates, a Renovation Loan from Homestead can make your vision possible.

For A New Home Purchase

If you find a home to purchase with spectacular potential but it requires repairs, reconstruction or updates, a Renovation Loan from Homestead can make your vision possible. Using one loan to finance the home’s purchase and improvements simplifies the process.

Enhance Your Current Home with a Renovation Refinance

If you love your current home but maybe it’s too small or outdated, use a renovation loan to remodel and customize it to make everything exactly as you want. You can choose from our Renovation Loan options depending on the scope and type of project.

link box

State Bond Programs

Thinking About Using Grant Funds To Purchase A Home?

Most grants are First Time Home Buyer programs and the grant underwriter provides a subsidy to assist in the home purchase. Geographic restrictions, income limits and/or maximum amounts often apply. Oftentimes, the subsidy is a grant which must be repaid if participants do not own and occupy the home as their principal residence for a specified period of time. Participants are responsible for all costs above the subsidy.

How to Find a Grant Program that works for you:

  1. Find out what funding is available in your area. Search HUD, non-profit organizations, local government sites, or government grant database for home mortgage grants.
  2. Review the eligibility requirements. Some grants may have very little limitation. Others may require a credit check and income verification, and/or classes and counseling.
  3. Once you have identified grants that you are interest in, submit you application to the appropriate agency. Turnaround time could be anywhere from 48 hours to several weeks, on average you could expect to receive an answer in a couple of weeks.

Grant Programs Supported by Homestead Funding Corp.:

  • Connecticut Housing Finance Authority (CHFA)
  • Florida Housing Finance Corporation (Florida Housing)
  • State of New York Mortgage Agency (SONYMA)

Loan product may be subject to grant terms. Homestead Funding Corp. does not award grant money or make the decisions about who receives grant funds. This is merely provided for informational purposes in order for potential borrowers to contact grantees.

link box

Specialty Programs