Loan Types

Home Loan Types

Get A Great Loan From Obsidian Financial, A Premier Lending Organization

Experience nothing but the best loan programs that Obsidian Financial Services has to offer in order to secure or refinance your dream home.

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Who We Are and What We Do

We offer flexible plans that best suit your loan needs and let us help you achieve the financing you need. Our Services are based on ethics, integrity, and fairness, and our team is proud to be your partner in helping secure the home or refinance loan you’ve always wanted.

Finance Your Home With Ideal Loan Programs

With Obsidian financing your home purchase, you gain access to a wide range of loan programs and options that can accommodate nearly any situation.

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Conforming Loans

For conventional home purchases, conforming loans offer up to 95% financing of your home value (up to $417,000) plus risk-based pricing that allows those with better qualifying criteria to qualify for better home mortgage rates. Ask about options to eliminate borrow-paid PMI.

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Making Home Affordable

Low-cost refinancing for responsible homeowners who have borrowed a Freddie Mac or Fannie Mae conforming loan. Improves homeowners’ financial positions by reducing interest rates and payments, or by transitioning to less risky loans. Refinance up to 125% of your home value.

4

Non-Conforming (Non QM) Loans

Up to 90% loan-to-value cash or debt consolidation, without PMI. Non-conforming home loans are a good choice for borrowers who do not qualify for conforming loans or who would benefit from the products and financing terms of a non-conforming (also called a non-prime) loan.

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Jumbo Loans

Non-conforming loans for loan amounts higher than $417,000. Purchase a higher priced home without the substantial down payment requirements of a conforming loan.

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FHA Home Loans

FHA home loans have a low down payment requirement of 3.5% and are assumable to any qualifying buyer. Use to purchase single family homes, condominiums, and 2-, 3-, and 4-unit properties in rural and urban areas.

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FHA Streamline Refinance

Current FHA loan borrowers can apply for an FHA streamline refinance to reduce interest rates and monthly payments. Ask about our FHA streamlines that do not require an appraisal or income verification.

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Receive First-Class Treatment and a Lasting Partnership

For those searching for a conventional home loan, our Melbourne FL-based team makes it easier than ever to help get what you need. When you work with Obsidian Financial, situation-based loans are simplified and qualified to ensure you have all the details you need to make the smartest borrowing decisions. Find your ideal mortgage program with our help and you’ll not only get that dream house you’ve always wanted, but a partnership built on trust, professionalism, and a desire to help our clients.

Learn more about receiving a mortgage loan. From our Melbourne, FL headquarters, the Obsidian team can write loans for over a dozen other states, including:

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