The Membrillo Team offers a wide portfolio of loan programs through CMG Home Loans.
Whether you’re buying your first home or refinancing, we work closely with you to choose the best loan for your needs and make a confident and informed decision.
conventional mortgage
A conventional fixed mortgage over 30, 25, 15 or 10 years is a great choice for monthly mortgage payments that stay the same throughout the life of the loan. Qualify with as little as 3% down, or refinance up to 95% of your primary home’s value.
fha loan
An FHA loan gives you a government-insured loan with flexible choices. FHA is an alternative to the 3% conventional mortgage, with a 3.5% down payment and more flexible options for borrowers who have less than perfect credit scores.
usda loan
The USDA loan program is designed to help low- and moderate-income homebuyers purchase safe and sanitary housing in eligible rural areas. To qualify, you must meet regional income requirements and have a minimum credit score of 640.
refinancE loans
Whether you’re looking to reduce your payment with a rate/term refinance or cash out to consolidate debt or remodel your home, we’re here to serve your refinance needs. You also can skip two monthly payments with a refinance.
VA loan
Thank you for your service, veterans! Eligible veterans (active or discharged) are eligible for a zero-down, zero-mortgage insurance loan with great rates. VA loans are one of the best loan products out there, and we’re proud to serve your loan needs.
JUMBO LOAN
For any purchase with a loan amount greater than $494,500, we offer Jumbo products with as little as 10% down, and no mortgage insurance, up to $1.5 million. Available in fixed rates over 30, 25, 20, 15 or 10 years or competitive ARM products.
thDa GREAT CHOICE loans
This program through the Tennessee Housing Development Agency is available to first-time homebuyers. Purchase a 30-year, fixed-rate loan with little to no money down. THDA’s Hardest Hit Funds program also offers money for closing costs.
REVERSE MORTGAGE
A reverse mortgage or home equity conversion mortgage can be ideal if you’re 62 or older and want money to pay off your mortgage, supplement your income, or pay for healthcare expenses. We’ll walk you through the process.
Physician loans
Many doctors are saddled with quite a bit of student loan debt. For clients in the medical field who are in deferment, this minimum down payment loan program allows you not to count student debt toward the loan, leaving you with more purchase power.