OUR PRODUCTS
We offer an array of products for purchasing, refinancing, or investing.
Our guidelines are continuously being updated to ensure we are competitive with the growing needs of our clients.
Why Go With Root?
At Root Mortgage, we are local and we love working with our community. We strive to provide the highest level of service and expertise through our efficient processes, systems, and teams.
Buying a house is exciting, but it can also be stressful. We will work hard for you so you can enjoy the process without the stress. We recognize that every home-buying situation is different; that’s why we spend the time getting to know our clients, and learning how we can best serve them. We pride ourselves on providing the same quality service and advice to our clients that we would to our family and friends. Our goal is to work hard and build long-term relationships with our clients and referral partners.
Details | Conventional | FHA | USDA | VA | Jumbo |
Loan Limits | $548,250 | $517,500* | $548,250 | $392,800* | $2,000,000 |
Loan to Value | 97% | 96.50% | 100% | 100% | 80% |
Down Payment | 3% | 3.5% | 0% | 0% | 20% |
Credit Score | 680+ | 640+ | 640+ | 640+ | 740+ |
Debt to Income | 50% | 50% | 41% | 29% / 41% | 43% |
Mortgage Insurance | Optional or Waived | Permanent | N/A | Permanent | N/A |
Exclusivity | N/A | N/A | Rural Areas | U.S. Military Veterans | N/A |