Loan Product Disclosures

All Loans

All loans are subject to underwriting approval. Certain restrictions apply. Contact us for details.

FHA and FHA 203(k) Loans

All loans subject to underwriting approval. Certain restrictions apply. Call for details. Great Northern Mortgage Corp works with FHA-Approved Lending Institutions and is not acting on behalf of or at the direction of HUD, FHA, or the Federal government.

Home Equity Line Of Credit (HELOC)

Failure to repay your HELOC can adversely affect your credit rating and/or result in the loss of your home through foreclosure.

Reverse Mortgages

All loans are subject to underwriting approval. Certain restrictions apply. Contact us for details. Great Northern Mortgage Corporation works with FHA-Approved Lending Institutions and is not acting on behalf of or at the direction of HUD, FHA, or the Federal government. Reverse mortgages: To obtain a reverse mortgage, you must take an approved counseling course (available at little to no cost) and receive a certificate of completion that will be required during the application process. You will still be responsible for property taxes and homeowners insurance during the life of your reverse mortgage.

USDA Loans

All loans are subject to underwriting approval. Certain restrictions apply. Contact us for details.

For 0% down payment (or 100% financing): Borrower income cannot exceed 115% of median income for the area. Borrowers must have reasonable credit histories. Loan term is 30 years. Housing costs cannot exceed 29% of income. Total debt payments cannot exceed 41% of income. Homes must meet state and HCFP building codes. Funding fee required. Available only in rural areas.

VA Loans

Certificate of Eligibility is required for all VA loans.