Centennial Mortgage Lenders offers many programs to meet your needs on 1st Mortgages. 

Some of them include:
  • 100% Purchase Loans
    No PMI insurance. No prepayment penalties. Rates Based on credit score.
  • RECD Program
    105% Financing Program. Loan includes closing costs
    and down payment. This is based on income.
    Great for 1st Time Homebuyers
  • 90% 2nd Home Purchases
    Rates Based on credit score
  • No Income Verification Loans
    Rates Based on credit score, stated income or bank statement.
  • 100% Purchase with no out of Pocket Expense
    All closing costs included
  • Double-Wide Mobile Home Loans
  • Many More Programs Available
    To Meet Individual Needs.

At Centennial Mortgage Lenders, our goal is to provide you with the best plan for refinancing that will meet your needs and your budget. 
We can provide refinances that may include the following:

     Bill Consolidations
     Rate Reduction
     Lower Interest Rate
     Shorter Term
     Cash Out For Any Purpose
     No Out Of Pocket Fees
     Less Than Perfect Credit - No Problem

     Credit Score Analysis:
          We'll pull your credit score
          Provide help on increasing your score
          Help with understanding credit

      Fast Turn-A-Round Time

Online Refinance Application

This loan program is administered by the Rural Housing Service (RHS), an agency within the Rural Development mission area of the U.S. Department of Agriculture.

More rural families and individuals may be eligible to become homeowners with the help of a U.S. Department of Agriculture (USDA) / Rural Housing Service guaranteed loan. Sometimes good credit and a steady income are not enough to qualify at a commercial lending institution like a bank or savings and loan. A sizeable down payment may also be required. When the Federal Government agrees to guarantee a loan, lending institutions can help buyers while incurring less risk.

Through the Guaranteed Rural Housing Loan Program, moderate-income people can qualify for mortgages even a down payment.

Guaranteed Rural Housing Loans Homes That Qualify:

To be eligible, applicants must:

Guaranteed loans can be made on either new or existing homes.
Existing homes must be structurally sound, functionally adequate, and in good repair
There are no restrictions on the size or design of the home financed
The home must not be used for income producing purposes
Typical amenities, except in-ground swimming pools, are allowed
Homes must be located in rural areas.  Rural areas include open country and places with a population of 10,000 or less and, under certain conditions, towns and cities with between 10,000 and 25,000 residents.  USDA Rural Development field offices can determine eligible areas.

 
Have an adequate and dependable income
Be a U.S. citizen or be legally  admitted to the United States for permanent residence
Have an adjusted annual household income that does not exceed the moderate income limit without a down payment established for the area.  A family's income includes the total gross income of the applicant, co-applicant, and any other adults in the household.  Applicants may be eligible to make certain adjustments to gross income, such as annual child care expense, and $480 for each minor child, in order to quality.  USDA Rural Development field offices can provide the moderate income limits for the areas that fall within their jurisdiction, an can provide further guidance on calculating household income
Have a credit history that indicates a reasonable willingness to meet obligations as they become due
Have repayment ability based on the following ratios

Principal, Interest, Taxes and Insurance (PITI) divided by gross monthly income, must be equal to or less than 29 percent.

Total debt (TD) divided by gross monthly income must be equal to or less than 41 percent.


Highlights of the USDA Guaranteed Rural Housing Loan Program

Home buyers make application with participating lenders

Buyers must personally occupy the dwelling following the purchase
 
Mortgages are 30 year fixed rate at market interest rates
 
Loans may be up to 100 percent of market value or for the acquisition cost whichever is less
 
Loans may include closing costs, guarantee fee, legal fees, title services, cost of establishing an escrow account, and other prepaid items provided the appraised value is higher than sales price. Buyers are responsible for any other fees or related costs (discount points) required by the lender or not covered by the appraised value
 
A one time guarantee fee of 1 percent of the loan amount is charges to the lender, but may be passed on to the applicant
 
There is no limit on the sellers contribution to closing costs
 
Guaranteed loans are subject to the provisions of the Civil Rights statutes, including the Equal Opportunity Act.

Interested home buyers should call or visit their local tender or the nearest USDA Rural Development field office for information about the program. USDA Rural Development county office staff will refer potential applicants to participating lenders.
 
USDA offices are listed in the Government section of the telephone book under "Department of Agriculture".
Call Today & Apply By Phone at: 770.664.4680

  • Centennial Mortgage Lenders is happy to provide for you 2nd Mortgage services for a variety of needs. We provide CASH-OUT FOR ANY PURPOSE and SHORTER TERMS. Up to 100% of the equity in your home. Fixed rate 2nd mortgage or Line of Credit. Even with LESS THAN PERFECT CREDIT, our satisfied customers have had the opportunity to use their cash for many reasons including:

    Credit Card Debt
    Home Improvements
    Interest May Be Tax Deductible
    Pools
    Vacations
    College
    Cash Out
    Autos
    Boats
    ...and many other high ticket purchases
  • Centennial Mortgage Lenders also currently provides purchase money for your home or doublewide purchase.  We can set up a pre-approval plan that will allow you the freedom to choose your purchase with a pre-approved amount.  This program gives you an amount of money that you know is available for your choice of home or doublewide even before you go shopping for your new purchase. 100% Purchase with no out of Pocket Expense
    All closing costs included.

“Please be aware that due to a highly volatile secondary market some loan programs may be made unavailable due to circumstances beyond our control. Please call and we will be happy to check program availability and guidelines for you”.

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