Frequently Asked Questions

 No!! Our programs are available to any occupation, including self-employed and retired borrowers.    

 Yes, all of our available assistance programs offer the minimum down payment needed to purchase a home.   

With  most of our programs the assistance will need to be paid back.  But,  not until the house is sold or refinanced in the future.  We also have  programs where the assistance is forgiven at the closing of your home. 

 No! The program is available to qualified buyers who are a  first-time home buyers or haven't owned property in the last 3 years.   We even have a program if you have owned a home in the last 3 years.  (Active military and veterans are exempt from the 3 year requirement.) 

Each assistance program has their own income  limits and credit score limits. We even have programs with no income  limits.  The minimum credit score requirements range from 600 up to 640.

If you are concerned about your credit score or income, contact us to address any of your concerns.

The whole loan process from initial pre-qualification, application, and the processing of your loan is handled by  your Island Mortgage loan advisor.  We will walk you through the process from start to finish!

Start the process today by filling out our information form: