Over 30 years of Experience
and Integrity!

Kelly Advantage Mortgage

Loan Types

Common Loan Types

Kelly Advantage Mortgage has access to a network of lenders with different loan programs and can access competitive low fixed rate mortgages.

We also have a wide variety of loan programs. Kelly Advantage Mortgage has access to a network of lenders with different loan programs. If we can’t place the loan it probably can’t get done. We have the most flexible loan programs in the state.

There are absolutely NO APPLICATION FEES with Kelly Advantage Mortgage. We do not charge you a dime to apply for a loan with us. If we can’t get you the loan, there is no charge!

With our flexible appointments and closings, you don’t need to take off of work or worry about the kids. We can close a loan anywhere in the state of PA. In the convenience of our office or the comfort of your home, we will work around your needs.

FHA Loan

The Federal Housing Administration (FHA) runs several programs to promote home ownership. These programs are popular because they allow borrowers to buy a home with a smaller down payment than is required by most other lenders. FHA loans make it easier for people to qualify for a mortgage, but they’re not for everybody.

VA Loan

A VA loan is a loan insured by the Department of Veterans Affairs. The VA loan was designed to offer long-term financing to American veterans or their surviving spouses. In a purchase, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less. Since there is no monthly PMI more of the mortgage payment goes directly towards qualifying for the loan amount, allowing for larger loans with the same payment. In a refinance, veterans may borrow up to 90% of reasonable value, where allowed by state laws.

USDA Loans

USDA loans are primarily used to help individuals or households purchase homes in rural areas. USDA will lend up to 100% of the appraised value. This feature will allow for an applicant to finance, if needed, any closing costs if the appraised value is higher than the sales price.

Conventional Loans

A loan not insured by FHA or guaranteed by the VA. A conventional loan will lend up to 97% on a purchase and 95% on a refinance.