Residential Loan Programs
HELOC & HELOAN
Leverage Your Home’s Equity with a HELOC or HELOAN
A HELOC works like a revolving credit line — borrow what you need, when you need it, up to your approved limit, with interest-only payments during the draw period. It’s perfect for ongoing or unpredictable expenses like home upgrades, education, or emergencies.
On the other hand, a HELOAN offers a one-time, lump-sum payment with a fixed interest rate and set repayment schedule, ideal for major expenses such as renovations, debt consolidation, or investments. Both solutions provide smart, accessible ways to make your home equity work for you.
Conventional Loans
Reliable, Traditional Financing with Conventional Loans
A Conventional Loan is a popular type of mortgage that’s not backed by a government agency like the FHA, VA, or USDA. These loans are typically offered by private lenders and often conform to loan limits set by Fannie Mae and Freddie Mac. Known for their competitive interest rates and flexible term options, conventional loans usually require higher credit scores, larger down payments, and lower debt-to-income ratios compared to government-backed loans. Ideal for well-qualified buyers, these loans can be used for primary residences, second homes, or investment properties, providing a reliable and straightforward path to homeownership.
FHA Loans
Flexible, Low-Down Payment Financing with FHA Loans
An FHA Loan is a government-insured mortgage program designed to help first-time homebuyers, lower-income borrowers, and those with less-than-perfect credit achieve homeownership. Backed by the Federal Housing Administration, FHA loans offer lower down payment options — as little as 3.5%, more lenient credit requirements, and competitive interest rates.
Why choose Prasad Manepalli
Professional &
Trustworthy
Professional and completely trustworthy, providing reliable services you can depend on with confidence
Excellent value and affordability
Offering the most competitive rates, connected with top lenders, and delivering best-in-class service.
Tailored solution with expert guidance
Get expert guidance and tailored solutions designed to meet your unique financial needs and goals.
Client First
Approach
We put our clients first by delivering personalized, impartial advice—built on active listening and clear, transparent communication.
Experienced
Experienced professionals with strong, established relationships with lenders and a proven history of successful approvals.
VA Loans
Exclusive Home Financing Benefits with VA Loans
A VA Loan is a government-backed mortgage program available exclusively to eligible U.S. military service members, veterans, and select military spouses. Guaranteed by the Department of Veterans Affairs, these loans offer significant benefits, including no down payment requirements, no private mortgage insurance (PMI), and competitive interest rates.
USDA Loans
Affordable Home Financing with USDA Loans
A USDA Loan is a government-backed mortgage program offered by the U.S. Department of Agriculture to help eligible homebuyers purchase homes in designated rural and suburban areas. These loans feature zero down payment options, reduced mortgage insurance costs, and competitive interest rates, making homeownership more accessible for moderate- to low-income borrowers. To qualify, the property must be in a USDA-approved location, and applicants must meet income and credit requirements.
Non-QM
Non-QM (Non-Qualified Mortgage) loans
Non-QM (Non-Qualified Mortgage) loans are designed for borrowers who don’t meet the strict criteria of Qualified Mortgages set by the Consumer Financial Protection Bureau (CFPB). These loans offer flexibility in income verification, credit history, and debt-to-income ratios. Here’s a breakdown of the main types of Non-QM loans
- Asset Depletion Loans
- Interest-Only Loans
- DSCR Loans (Debt-Service Coverage Ratio
- Foreign National Loans
- Jumbo Loans (Non-Conforming
- Recent Credit Event Loans
- Fix & Flip Loans
ARM
Adjustable-Rate Mortgage (ARM) Options
An Adjustable-Rate Mortgage (ARM) is a home loan with an interest rate that starts fixed for an initial period — typically 3, 5, 7, or 10 years — and then adjusts periodically based on market conditions. During the fixed-rate period, your monthly payments remain steady, often with a lower interest rate than a comparable fixed-rate mortgage. Once the initial term ends, the rate adjusts at set intervals, which can increase or decrease your monthly payment.
