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Loan Types

Monarch Mortgage offers a wide array of loan programs to provide you with the possible fit for you financial needs.


A mortgage loan that is not insured or guaranteed by a government agency. Usually requires a minimum 5% down payment and offers competitive interest rates. Documentation and fair-to-good credit necessary. Seller contribution permitted. Available for 15, 20, 30 year fixed and ARM loans. Investor, Owner-Occupied, Second Homes & Refinance.


Financing available for borrowers who borrow more than the area loan limit. VA Jumbo & Conventional Jumbo with minimum downpayment requirements.

VA Mortgage

Backed by the Veterans Administration and the federal government, it is similar to the FHA except you must be a qualified Veteran or military person. There is no down payment required, no monthly mortgage insurance an upfront funding fee is charged based on eligibility requirements. Seller contribution permitted.

FHA Mortgage

Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3% down payment – and they can even finance "allowable" closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs. Downpayment can be a gift from a family member.


1st time homebuyer targeted to low and moderate income borrowers. To be eligible borrower must have be a first time homebuyer or have not owned a home in the past 3 years. Credit restrictions and debt to income restrictions apply. Homebuyer education may be required. VHDA offers VA, FHA, Rural Housing, Conventional & FHA Plus 30 year fixed products. FHA Plus offers up to 101.5% financing. VHDA Target Area program waves 1st time homebuyer status requirements. For more information visit


USDA is a no downpayment home financing option for buyers in rural areas. Qualification is based on zip code and on the # of dependents when compared to your income. USDA allows up to a 102% financing option with monthly mortgage insurance.

FHLB (Federal Home loan bank program)

As an approved lender of the Federal Home Bank of Atlanta, FHLB offers downpayment assistance to qualified borrowers. With a 4 to 1 match with a allowance of $5,000. FHLB is available on a 1st serve basis as available funds become depleted. Funds may be used for interest rate buydown, downpayment assistance, or principal reduction. Credit & income restrictions are variables for this product.

Second Mortgage Loans

Subordinate to the first mortgage, these loans offer the borrower the ability to get money for home improvement, debt consolidation, or many other reasons without disturbing their first mortgage. Convenient when you have a low interest first mortgage.

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