The Complete Resource for Your Home Mortgage Needs!
Pharus Home Mortgage (PHM) is part of the Pharus Global family of companies offering commercial and residential real estate services and financing. We also offer management consulting and outsourced services to small and medium sized companies. We want to be your resource for all things real estate and business related.
Reverse Mortgage (HECM)
Reverse Mortgages is a specific type of loan that lets you convert the accrued equity of your home into usable funds. Reverse mortgages can assist with healthcare costs, no monthly mortgage, home improvements, supplemental funds, peace of mind, life hobbies, helping family and a quality of life.
A conventional mortgage is a loan that is not guaranteed or insured by any government agency. … Government agencies such as the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA) can insure or guarantee loans.
Veterans Loans (VA)
A VA Loan is a $0-down mortgage option issued by private lenders and partially backed, or guaranteed, by the Department of Veterans Affairs (VA). Eligible borrowers can use a VA loan to purchase a property as their primary residence or refinance an existing mortgage.
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA mortgage insurance protects lenders against losses.
NON-QM / Hard Money
A non-qualified mortgage — or non-QM — is a home loan that is not required to meet agency-standard documentation requirements as outlined by the Consumer Financial Protection Bureau (CFPB). Non-QM loans may encapsulate a wide variety of mortgages, including: Home loans exceeding 30-year terms.
Down Payment Assistance
Down payment assistance (DPA) helps homebuyers with grants or low-interest loans that reduce the amount they need to save for a down payment.There are more than 2,000 of these programs nationwide. State, county or city governments run many of them.
PHM was formed to add another resource to help the clients of Pharus Global as they buy residential real estate. Many of our clients are business people who use our CRES Corp commercial real estate services coupled with Pharus Funding to acquire the business and then our Pharus Home Mortgage to help them to finance a house near their business and Pharus Insurance Services to protect their properties and business. The benefit is the convenience and synergy of conducting all of those transactions within the “family” for a productive and consistent experience. The Pharus Global “Eco-System” of companies hold themselves to a high standard of professionalism and excellent customer service.
Pharus Home Mortgage
We have done business with Pharus Home Mortgage on many occasions. Frank is fantastic to work with! He’s always very professional & prompt, yet very friendly, accommodating and willing to help in any way he can.
Mel & Craig