We have great programs with high loan to values and even stated income to qualify.  The rates not only vary depending on the borrower, but according to the type of business also.

Conventional lendings are for those that have good credit scores, 5-20% down, can provide W-2's or tax returns to qualify.  Unlike the bank who typically only has one lender to submit their loans to, Vantage Point shops the loan with many different lenders to get you the best rate available.

Many homeowners either refinance their home mortgage and increase their loan amount or take out a 2nd mortgage to pay off most or all of their outstanding debt.  By doing this, you can reduce your monthly payments by hundreds of dollars per month.

FHA is great for young borrowers who need a co-signer, mobile homes or those of you without enough credit history to qualify for other loan programs.  FHA requires mortgage insurance for all 30-yr loans but will finance up to 97% of the purchase price and allow the seller or a relative to gift the other 3%!  This is a great option for those that do not have a down payment.

Loan limits in LaPlata County is $337,250

Loan Limits in San Juan County (New Mexico) is $213,750

The HELOC is like a credit card, filed as a 2nd mortgage on your home.  If you have a $50,000 line of credit but have only borrowed $30,000, you are only paying on the $30,000 and can draw up to another $20,000.  A typical HELOC let's you borrow against your line of credit for 10 years, pay an interest-only payment and then you must start repaying the principal for the next 15 years.  This has been a great product for start-up businesses to buy inventory, pay it off and still have the credit available for other needs such as expansion.  Long live the small business owner!

This is for land only.  You'll only need 5% down and it you'll have 5 years before you need to improve the land, refinance or sell it. 

The advantage of this program are:

95% loan to appraised value.  House is appraised as completed.

One closing.  The construction loan rolls into a permanent loan without going back to the closing table or the lender re-qualifying you.

The lender's construction department and inspectors verifying your project is built properly.

Loans for 10+ acres.  We can finance farms, vacant land, ranches and homesteads on a 30-yr fixed rate!

A Great loan for those who are self-employed with good credit scores, have a lot of tax deductions, and have a difficult time proving income.  In this loan, you state what you make but you don't prove it.  This loan is typically 1% higher rate than conventional rates. 

Loans for those with lower credit scores than conventional lending will allow.  The rates are higher but these loans will get you into your home and Vantage Point will refinance the loan after we've worked on getting your scores up.