Find the Perfect Mortgage for Your Needs

At Innovative Mortgage Brokers, we understand that every homebuyer, homeowner, or property investor has unique financial situations. That’s why we offer a wide variety of mortgage options designed to fit your specific needs, whether you’re a first-time homebuyer, looking to upgrade your current home, looking to refinance, or a seasoned investor. We even have options for someone with complex financial background. Our goal is to make the mortgage process fast, easy, and affordable in Pennsylvania (PA) or Florida (FL).

Loan Options We Offer

Conventional Loans

A conventional loan is a great option for those with strong credit and steady income. These loans are not backed by the government, offering flexible terms for purchasing or refinancing a primary residence, second home, or investment property.

  • Competitive rates
  • Flexible down payment options
  • No upfront mortgage insurance

FHA Loans

Perfect for first-time homebuyers or those with lower credit scores, FHA loans are backed by the Federal Housing Administration. They offer more lenient qualifications, making homeownership accessible to a wider range of buyers.

  • Lower credit score requirements
  • Low down payments (as low as 3.5%)
  • Backed by the federal government

VA Loans

For veterans, active-duty military, and their families, VA loans offer some of the best terms available. These loans are backed by the Department of Veterans Affairs and offer zero down payment options.

  • No down payment required
  • No private mortgage insurance (PMI)
  • Lower interest rates

USDA Loans

If you’re buying a home in a rural area, a USDA loan may be the right fit. Backed by the U.S. Department of Agriculture, these loans offer no down payment options and low interest rates for those who qualify.

  • Zero down payment
  • Affordable monthly payments
  • Designed for rural and suburban properties

Specialty Loans for Unique Financial Situations

Non-QM Loans (Non-Qualified Mortgages)

Non-QM loans are ideal for individuals with non-traditional financial situations that don’t fit the typical lending criteria. Whether you’re self-employed, have a fluctuating income, or need more flexible underwriting standards, Non-QM loans could be the solution.

  • Alternative income verification
  • Flexible loan terms
  • Great for investors and self-employed individuals

DSCR Loans (Debt Service Coverage Ratio)

DSCR loans are designed specifically for real estate investors. These loans focus on the property’s cash flow to determine eligibility rather than the borrower’s personal income, making it easier to qualify if you’re growing your investment portfolio.

  • No personal income documentation required
  • Simplified approval process
  • Great for property investors looking to expand

Bank Statement Loans

Perfect for self-employed individuals or business owners, bank statement loans allow you to use personal or business bank statements to verify income instead of tax returns. This option provides flexibility for those who may not show a consistent income on paper but have the cash flow to support a mortgage.

  • Income verified via bank statements (12 or 24 months)
  • No tax returns required
  • Flexible loan terms and competitive rates

Asset Utilization Loans

Asset utilization loans allow you to use your liquid assets (like cash, stocks, or retirement accounts) to qualify for a mortgage. This is ideal for retirees or high-net-worth individuals who want to leverage their assets instead of traditional income sources.

  • Use liquid assets to qualify
  • No employment or income verification required
  • Flexible loan terms

Rehab Loans (Renovation Loans)

Rehab loans are ideal for buyers who are looking to purchase a fixer-upper or for homeowners who want to refinance and include renovation costs into their loan. These loans provide financing to not only buy a home but also to cover the cost of repairs or upgrades, helping you turn a property into the home of your dreams or increase the value of an investment property.

FHA 203(k) Loan

The FHA 203(k) loan is a government-backed option that allows homebuyers or homeowners to finance both the purchase (or refinance) of a property and the cost of its rehabilitation or renovations.

  • Low down payment options
  • Flexible credit requirements
  • Perfect for homebuyers purchasing fixer-uppers

Fannie Mae HomeStyle® Renovation Loan

The HomeStyle® Renovation loan is a conventional loan that offers financing for both purchasing and renovating a home in a single loan. It’s a great option for buyers or homeowners looking to make significant upgrades or repairs to a property.

  • No restrictions on the type of improvements
  • Combines renovation and mortgage into one loan
  • Higher loan limits compared to FHA 203(k)

Freddie Mac CHOICERenovation® Loan

Freddie Mac’s CHOICERenovation® loan allows homebuyers and homeowners to finance the purchase or refinance of a home along with the costs of renovations in one convenient loan. It’s a versatile solution for home improvements that can also help with disaster preparedness or property upgrades.

  • Covers a wide range of renovations, from minor repairs to major upgrades
  • Helps improve properties for disaster preparedness or damage mitigation
  • Ideal for homebuyers, current homeowners, and investors looking to add value

Investor Rehab Loans

These loans are tailored for real estate investors looking to purchase and renovate properties for resale or rental income. Whether you’re flipping homes or improving rental properties, investor rehab loans provide the necessary funds to buy and renovate the property with the potential for great returns.

  • Ideal for property flippers or buy-and-hold investors
  • Short-term and long-term options available
  • Flexible approval process based on project potential

Jumbo Loans

For buyers looking to finance high-value homes or refinance large mortgages, Jumbo Loans are the ideal solution. These loans exceed the conforming loan limits set by Fannie Mae and Freddie Mac, making them perfect for luxury properties or homes in high-cost areas. Whether you’re eyeing a dream home in an upscale neighborhood or refinancing an existing mortgage for a higher-value property, a jumbo loan can provide the funding you need without limitations imposed by standard loan limits.

Commercial Loans

At Innovative Mortgage Brokers, we’re excited to offer commercial loan options tailored for investors and business owners seeking to expand their property portfolios, empowering Investors with Flexible Financing. Our commercial loans are designed to support a wide range of property types, from multi-family and mixed-use buildings to office spaces, retail stores, warehouses, and more. With our strategic lender partnerships, we can provide competitive loan-to-value (LTV) ratios, flexible qualification criteria, and accessible financing options across most states nationwide (excluding CA).

Whether you’re investing in your first property or expanding an established portfolio, our team is here to guide you through every step with personalized service and expert advice. Our commercial loans offer:

  • Flexible LTV Ratios: Financing options that provide high LTV for eligible properties and borrowers.
  • Broad Property Eligibility: Finance a variety of property types including multi-family, mixed-use, office spaces, self-storage units, automotive shops, and more.
  • No Minimum Credit Score: We understand that credit profiles vary, and we have programs accessible to investors without a minimum credit score requirement.
  • Simplified Process & Quick Approvals: Our team at Innovative Mortgage Brokers works with a network of nationwide lenders, ensuring you receive fast, reliable service to meet your investment goals.

If you’re ready to take your real estate investments to the next level, connect with our team to learn more about how our commercial loan options can make your investment visions a reality.

Why Choose Innovative Mortgage Brokers?

  • Free Credit Review and Consultation: Our team will help you identify the best loan option for your unique situation and provide a free credit consultation to improve your chances of qualifying for the best terms.
  • Personalized Service: We take a personal approach to guide you through every step of the mortgage process, ensuring a smooth and hassle-free experience.
  • Experienced Team: With over 15 years of experience, we’ve helped clients secure the right loans, whether you’re a first-time homebuyer, investor, or looking to refinance.
  • Competitive Rates & Low Fees: We work with numerous banks to provide you with access to highly competitive rates and low fees.
  • Advanced Technology: Our streamlined processes and use of the latest technologies ensure quick approvals and a hassle-free experience

Ready to Explore Your Mortgage Options?

Whether you’re buying a new home, refinancing, or investing in property, Innovative Mortgage Brokers is here to help you find the perfect loan in Pennsylvania (PA) or Florida (FL). Contact us today for a free consultation and discover the mortgage option that’s right for you. At Innovative Mortgage Brokers, we make it easier for you to secure a loan that matches your lifestyle and financial goals. Let’s get started today!

Looking to Refinance in Pennsylvania (PA) or Florida (FL)?

Rate and Term Refinance – It is a type of refinancing where the borrower changes the interest rate, the loan term, or both, of their existing mortgage, without borrowing additional funds. This type of refinancing is typically pursued to secure more favorable loan conditions.

Cash Out Refinance – A cash-out refinance is a mortgage refinancing option where the new mortgage is for a larger amount than the existing loan, and the borrower receives the difference between the two loans in cash, often used for home improvements, debt consolidation, or other financial needs.

As Mortgage Brokers, We Shop for You and Provide Options!

Mortgage Loan Options in Philadelphia

Finding the right mortgage loan involves understanding your needs, finances and history to help you choose the right home loan. We are here to guide you through this process, and provide you with most cost effective loan options. We work for you.

Whether you are looking to purchase or refinance your home, investment property, or vacation home, we offer a wide range of loan options to fit many different scenarios.

We work with First Time Home Buyers, as well as seasoned Investors! If you are looking for a mortgage in Pennsylvania (PA) or Florida (FL), give us a call. We are faster, easier and cheaper

We also have many different documentation type loan options available:

  • Full documentation loans- W2, pay stubs and asset information is required
  • Limited documentation loans- Bank statements are used to verify income. Lender looks at a period of time (2-24 months), and uses the total deposits during that period as income*
  • No documentation loans- Income and asset information is not required*

 

*These products may have a higher interest rate, more points or more fees than other products requiring documentation.

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