MORTGAGES AND LOANS

By Progressive Lending Solutions

MORTGAGES AT PROGRESSIVE LENDING SOLUTIONS

Having a mortgage could prove to be the biggest and most important investment decision of your lifetime. Choosing the right mortgage is a critical part of the decision making. At Progressive Lending Solutions, we offer some of the most competitive mortgages in Minnesota and Wisconsin.

  • Fixed Rate Mortgages and Loans
  • Adjustable Rate Mortgages and Loans
  • Balloon Mortgages
  • First Time Homeowner Programs
  • Stated Income and Limited Documentation Programs
  • No Point, No Fee Programs
  • Non QM and Nonconforming Programs
  • Home Equity Line of Credit (HELOC)

When looking into a mortgage and financing options, many key factors can play an important role in the decision making process. By utilizing the knowledge and experience of a Loan Consultant and Progressive Lending Solutions, you can be sure to get the best possible mortgage and loan for your situation.

Progressive Lending Solutions offers some of the most competitive fixed rate mortgages in Minnesota and Wisconsin. Whether you’re looking for a 10-year loan or a 30-year loan, a fixed rate conventional mortgage could provide financial stability in a world of economic uncertainty
Progressive Lending Solutions offers some of the most competitive adjustable rate mortgages (ARM) in Minnesota and Wisconsin. Whether you’re looking for a 3/1, 5/1, 7/1 or a 10/1 ARM, with a 30 year amortization, an adjustable rate mortgage could provide short term fixed rate programs. Most of the time, adjustable rate mortgages have lower interest rates than the conventional fixed rate mortgage products.
FHA Mortgage Loans are insured by the Deptartment of Housing and Urban Development. FHA loans are a good option when minimum down payment is a priority. FHA requires up-front mortgage insurance which can be financed into the loan and a monthly insurance premium.
Veterans Administration (VA) Mortgage Loans are guaranteed by the Veterans Administration for a term of 15 to 30 years. These VA loans are a good option for qualifying veterans to obtain 100% financing. VA loans require a funding fee which can be paid in cash or financed in the loan amount.
Progressive Lending Solutions offers some of the most competitive fixed rate USDA Rural Development mortgages in Minnesota and Wisconsin. To create down payment flexibility for our rural clients, USDA’s Rural Development program allows for LOW and NO down payment programs, generally no monthly PMI and with low interest rates. The USDA Rural Development program offers 30 year fixed rates and are popular for buyers looking for homes in rural areas.

CONVENTIONAL FIXED RATE MORTGAGE

10 YEAR   •   15 YEAR   •   30 YEAR

Progressive Lending Solutions offers some of the most competitive fixed rate mortgages in Minnesota and Wisconsin! Whether you’re looking for a 10-year loan or a 30-year loan, a fixed rate conventional mortgage could be your ticket to financial stability in a world of economic uncertainty.

With a fixed rate mortgage, your interest rate and monthly payment will stay the same for the entire term of the loan. Fixed rate mortgages are popular because they protect homeowners from payment surprises and are very straightforward. Conventional Fixed Rate Mortgages are available in terms of 10 to 30 years. Private mortgage insurance is usually required for loans with less than a 20% down payment.

Apply Online   

ADJUSTABLE RATE MORTGAGE

3/1   •  5/1   •  7/1  •  10/1

Progressive Lending Solutions offers some of the most competitive adjustable rate mortgages (ARM) in Minnesota and Wisconsin. Whether you’re looking for a 3/1, 5/1, 7/1 or a 10/1 ARM, with a 30 year amortization, an adjustable rate mortgage could provide short term fixed rate programs. Most of the time, adjustable rate mortgages have lower interest rates than the conventional fixed rate mortgage products.

Future market conditions can influence rate changes; however, built in rate caps and margins provide a measure of security and limited increases over the life of the loan.  As with our conventional loan products, PMI is usually required for loans with less than 20% equity or down payment.

Apply Online   

FEDERAL HOUSING ADMINISTRATION MORTGAGE

FHA LOAN   •   15 YEAR   •   30 YEAR

Progressive Lending Solutions offers some of the most competitive fixed rate FHA mortgages in Minnesota and Wisconsin. Whether you’re looking for a 15-year loan or a 30-year loan, a fixed rate FHA mortgage can provide financial stability in a world of economic uncertainty.

FHA Mortgage Loans are insured by the Department of Housing and Urban Development.  These loans are a good option when minimum down payment is a priority.  FHA requires up-front mortgage insurance which can be financed into the loan and a monthly insurance premium.

With a fixed rate FHA mortgage, your interest rate and monthly payment will stay the same for the entire term of the loan. Fixed rate FHA mortgages are popular because they protect homeowners from payment surprises and are very straightforward. FHA Fixed Rate Mortgages are available in terms of 15 to 30 years.

Apply Online   

VETERANS ADMINISTRATION MORTGAGE

VA LOAN   •   QUALIFYING VETERANS

Having a mortgage could prove to be the biggest and most important investment decision of your lifetime and choosing the right mortgage is a critical part of the decision making. Progressive Lending Solutions offers some of the most competitive fixed rate VA mortgages in Minnesota and Wisconsin. Whether you’re looking for a 15-year loan or a 30-year loan, a fixed rate VA mortgage could provide financial stability in a world of economic uncertainty.

VA Mortgage Loans are guaranteed by the Veterans Administration  for a term of 15 to 30 years. These loans are a good option for qualifying veterans to obtain 100% financing.  VA loans require a funding fee which can be paid in cash or financed in the loan amount.

Apply Online   

USDA RURAL DEVELOPMENT MORTGAGE

LOW DOWN PAYMENT   •   NO DOWN PAYMENT

Progressive Lending Solutions offers some of the most competitive fixed rate USDA Rural Development mortgages in Minnesota and Wisconsin.

In in effort to create down payment flexibility for our rural clients, USDA’s Rural Development program allows for LOW and NO down payment programs, generally no monthly PMI and with low interest rates.

The USDA Rural Development program offers 30 year fixed rates and are popular for buyers looking for homes in rural areas.

Apply Online   

NON-CONFORMING MORTGAGES AND LOANS

NON CONFORMING  •   NON QM

These loans may include no income and no asset verification loans. There are many factors that can determine how the non-conforming loan is designed for the borrower. Some of the variables include:

  • The borrower may not be able to document all, part of or any income at all.
  • Asset verification may or may not be required and has to be reviewed on a case by case basis.
  • Loans can be structured which requires less documentation.
  • Credit problem borrowers are still eligible for certain non-conforming loan programs. (These may include late payments on outstanding debt, open judgments, collection accounts, and past due accounts.)
  • The borrower may require cash-out of the refinancing.
  • No P.M.I. required on most non-conforming loan products.
  • Plus Others

Contact Progressive Lending Solutions to Apply and Learn More.

Apply Online   

LEARN MORE TERMS

YOUR MORTGAGE. OUR COMMITMENT.

“Progressive Lending Solutions prides itself on incorporating unparalleled services with timely responsiveness to our clients. Our competitive advantage is the product of our experienced, knowledgeable and committed team of professionals poised to provide comprehensive consulting within the Mortgage Industry.”

JOE BECKER   •   PRESIDENT

LET’S WORK TOGETHER

We work as a single united team, are market leading mortgage professionals and we give our clients the highest quality advice possible.

GET PRE-APPROVED NOW