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Loan Programs
Divorce Buyout
In most cases Somerset has been able to provide lower payments for the spouse remaining while giving large cash outs to the other. Our Divorce Buyout Loan Specialists work with you to determine how much of a loan you need and what it will cost to refinance.
Debt Consolidation
There’s no need to struggle with the high interest rates of credit cards any longer! Whatever your reason for falling into debt, Somerset can help get you back on your feet.
FHA Loans
Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3-5%.
Home Improvement Loans
Deciding on the right home improvement loan can be a stressful process. But it doesn’t have to be. The loan specialists at Somerset Investors Corp. can help find the right home improvement loan for YOU.
New Home Financing
Somerset Investors Corp. can find you the perfect loan and start your home purchase off right. With hundreds of loan programs available, we’ll help you match your needs with a loan you’ll love for as long as you own your home.
Mortgage Refinancing
Our loan specialists can customize a loan that is perfect for your needs. In no time at all, you can be on the way to a lower interest rate, a lower monthly payment, or switching from an adjustable rate mortgage to a fixed rate mortgage. We have many mortgage refinance solutions available, including a cash-out refinance option.
Reverse Mortgage
All owners of the home must apply for the reverse mortgage and sign the loan papers. All borrowers must be at least 62 years of age for most reverse mortgages. Owners generally must occupy the home as a principal residence (where they live the majority of the year).
Single family one-unit dwellings are eligible properties for all reverse mortgages. Some programs also accept 2-4 unit owner-occupied dwellings, along with some condominiums, cooperatives, planned unit developments, and manufactured homes. Mobile homes are generally not eligible.