Discover Your Home Loan Options

You’ve found the home of your dreams: Let J.G. Wentworth make it a reality. J.G. Wentworth is a direct lender of home mortgages. We have established ourselves as an industry leader by providing a large variety of home loan options for purchasing or refinancing, offering low interest rates, and an unmatched commitment to customer satisfaction. Our knowledgeable loan specialists can walk you through the process and discuss each available option with the goal of finding the mortgage that is right for you. Call J.G. Wentworth or fill out our convenient online form today to get your free, no-obligation mortgage quote and take the next step toward financing your perfect home. 

Fixed-Rate Mortgage Loans

Fixed-rate mortgage loans are home loans in which the interest rate and monthly mortgage payment remain unchanged, or “fixed” over the entire duration of the mortgage term. The reason you might choose a fixed-rate loan is that the mortgage payment amounts will not fluctuate, allowing fully predictable mortgage costs from month to month. Fixed-rate mortgage loans are amortized, which means that each of your payments is a combination of principal and interest, ensuring that the mortgage is fully paid at the end of your loan term. J.G. Wentworth offers two variations of fixed-rate mortgages — 15-year and 30-year. 

Adjustable Rate Mortgage Loans

Adjustable Rate Mortgages (ARMs) are loans that include an interest rate that automatically adjusts with market indexes after a specified amount of time. J.G. Wentworth provides ARMs that begin with a low fixed rate for a period of 3, 5, or 7 years; after that, the rate fluctuates annually. Adjustable rate mortgages are an attractive option for homebuyers who want to benefit from a low initial interest rate. Additionally, ARMs allow homeowners to take advantage of periods of falling interest rates, which can drive down payments without needing to refinance. With interest rates at historically low levels, there has never been a better time to consider an adjustable rate mortgage.

FHA Loans

Federal Housing Administration (FHA) loans are mortgages designed for first-time homebuyers or those with low-to-moderate income who cannot afford to make a large down payment, providing the ability to purchase a home when they may not have qualified otherwise. FHA loans are available to individuals with less-than-perfect credit, requiring a minimum down payment of just 3.5%. Additionally, the down payment can come from gifts or grants, which can vary between states. All of these factors make FHA loans especially popular for first-time homebuyers. FHA loans can be used in order to finance:

  • Primary Homes
  • Investment Properties
  • Vacation Homes

VA Loans

Department of Veterans Affairs (VA) loans are discounted home loan options designed specifically for current and former members of our armed forces and their families. A portion of all Veterans Affairs loans are backed by the VA. Some of the most prominent advantages of financing using a VA mortgage loan include:

  • No down payment required
  • No private mortgage insurance (PMI) payments
  • Lowest average interest rates of all loan options
  • Limited closing costs
  • No prepayment penalties

J.G. Wentworth is proud to be a VA-approved lender. We offer several homebuying and refinancing options for veterans that are often more affordable or have more lenient qualifications than conventional loans. 

USDA Loans

U.S. Department of Agriculture (USDA) loans are mortgage options created for rural Americans who have low or modest income to help make homeownership a reality. Similar to the ways that VA and FHA loans operate, USDA Loans are backed by the USDA and allow J.G. Wentworth to offer low mortgage rates to rural homebuyers. There are significant advantages of USDA Guaranteed Loans, such as:

  • No down payment required
  • Flexible credit requirements
  • No maximum purchase price

While USDA loans are designed to assist low-income rural homebuyers, there are certain baseline requirements for USDA Guaranteed Housing eligibility including:

  • Proof of two years of stable employment
  • Maximum gross income (based on location)
  • Basic credit eligibility

HARP Loans

The Home Affordability Refinance Program (HARP) is a program introduced by the U.S. Government in 2009 with the purpose of providing refinancing options to homeowners with loan-to-value (LTV) ratios that are too high for standard refinance programs. Designed for those whose homes are worth less than what is currently owed on their mortgage, HARP gives an opportunity to refinance into a more affordable mortgage loan. HARP allows qualified homeowners to lower their interest rate, shorten their loan term, or switch from an ARM to a fixed-rate mortgage. Qualifications for HARP approval include:

  • You are current on your mortgage payments
  • Your home is your primary residence
  • Your loan is owned by Freddie Mac or Fannie Mae
  • Your loan was originated on or before 5/31/2009
  • Your LTV ratio is above 80%

The HARP initiative can help you to refinance your mortgage if you have little or no equity currently in your home. If this home loan option sounds like it may be beneficial to you, it is important to note that the deadline for HARP refinancing is December 31, 2018.

Choosing the Right Home Loan For You

J.G. Wentworth is a direct mortgage lender with experience helping homebuyers find the best possible mortgage options for their homes. Our streamlined application process, low rates, and expedited loan turnaround times make us a highly-regarded mortgage lender. Our knowledgeable loan specialists are more than happy to walk you through the mortgage comparison process to make sure that you find the home loan that is right for you. Get a free quote from J.G. Wentworth today by calling or filling out our simple online webform.

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How do I get started?

J.G. Wentworth offers a wide variety of loan programs with low rates and no points and no hidden fees.  To get started, you can call us or let us contact you by completing a short form.  You can also get a rate quote in seconds with no personal information required. We look forward to working with you.