Applications Closing February 2024


Homeowners are advised to take advantage of a new Mortgage Stimulus Program before it’s gone. This is likely to be the largest benefit program American homeowners have seen.

This Stimulus Program is aimed to help average American citizens and stimulate the economy. Utilizing this new service could get homeowners $271 /mo* or $3,252* per year!

Banks do not want homeowners to know about these programs as they can greatly lower mortgage payments through this simple Government-backed solution.

We recommend checking your eligibility as soon as possible before deadlines are announced or requirements are changed.

To see if you live in an active zip code, just click below.


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* – Based on Median Home Equity of Americans aged 45 to 54 of $70,000 (U.S. Census Bureau)

Table of Contents

Semper Home Loans Reviews

Semper Home Loans with over 20 years of experience, was launched in 2005 by Matthew Sullivan, who is the President to date. Semper Home Loans assists both first-time home buyers and current homeowners who want to refinance their mortgages to get the money they need. Home purchase loans accounted for about 60% of the $300 billion in home loans they funded through the direct-to-consumer retail channel last year.

Rhode Island is the main branch of the company, but it also has branches in several states including Florida and Georgia as well as Indiana. Semper Home Loans is licensed in Florida, Georgia, Indiana, Louisiana, Maryland, Massachusetts, Michigan, and Montana, and Nebraska as well as New Hampshire, Alabama, and in California, Colorado, Connecticut, and Delaware as well as New Jersey and Pennsylvania.

Semper Home Loans offers inexpensive rates and educational tools packed in an intuitively streamlined procedure to prospective home buyers across demographics, and income brackets. As a result, Semper can get you preapproved faster than any other lender by cutting out unnecessary processes in the application process.

Instead, then handing you a pile of paperwork to do, Semper will help guide you through the process step-by-step. Our goal is to provide educational resources, consult, and alleviate any of your fears so that you may move forward with the process of finding the perfect house with your real estate agent.

Mortgage loans offered by Semper Home Loans

Semper home loans offer a wide variety of loan types (aka mortgages) to various prospects. They include:

  • Conventional mortgages
  • Fixed-rate loans
  • Adjustable-rate mortgages
  • FHA loan
  • FHA streamline loan
  • 203K renovation loan
  • VA loan
  • H.A.R.P program
  • Jumbo loan
  • USDA loan

Conventional loan

Conventional loans include excellent interest rates, cheap expenses, and a wide range of home-buying options. About 60% of all mortgage applicants choose this loan type. Loans that correspond to Fannie Mae and Freddie Mac’s requirements are referred to as conventional or conforming loans. The following are some of the program’s high points.

  • A conventional loan can be used to finance the purchase of a primary dwelling, a vacation home, or a commercial property.
  • Many loan periods ranging from 10 to 30 years are offered by conventional lenders in the form of either fixed or adjustable interest rates (ARMs).
  • Low down payments of about 3%
  • With a 20% down payment, there is no need for monthly mortgage insurance.
  • Less expensive than FHA in terms of mortgage insurance
  • When a home’s equity exceeds 20 percent, mortgage insurance can be canceled.

These loans are great if you need money quickly and have decent credit. Because of this, the loan’s terms are easier to understand and you’re under less pressure to complete the loan’s conditions quickly. As a bonus, conventional loans are typically authorized far faster than loans that are guaranteed by the Federal Government.

It will also save you money in the long run because you won’t have to get mortgage insurance. If you want to buy a condo, a conventional loan may be a better option. Conventional loans have several advantages, which makes them difficult to obtain. However, if you are eligible, you should take this option very seriously.

Fixed-rate mortgage

If you have a fixed-rate mortgage, your interest rate will remain the same throughout the term of the loan. If interest rates rise, you’ll have the best protection. Fixed-rate mortgages are the ideal option if you know you won’t be relocating or refinancing in the next few years.

Loans with fixed rates are beneficial because they give you security. You’re confident in the fact that your interest rate will remain the same at all times. The cost of a 30-year fixed-rate mortgage is at an all-time low right now as well. As a result, your monthly mortgage payment will begin modestly and remain stable over time. A 20% down payment is required, but you don’t, have it?

It’s no problem at all because they provide low-deposit products with fixed rates that only require 5%. Although our 30-year fixed-rate mortgage program is the most popular, they also provide fixed-rate mortgages with shorter maturities.

Adjustable-rate mortgage

A remarkably low percentage. Payout is really low. It’ll be fine for the next five years. Do you, like many Americans, move every four to five years or reside in your house for fewer than five years before refinancing? For the first five years of your loan, their ROCK BOTTOM 5-Year ARM rates will give you the lowest monthly payment available, saving you thousands of dollars over a conventional fixed-rate loan.

FHA loan

You can borrow up to 97.75 percent of the value of your house with an FHA Loan. Take advantage of FHA cash-out to refinance loans to access up to 85% of the value of your house and use it to pay down high-interest debt at a low, fixed rate. FHA loans come with periods ranging from 15 to 30 years. FHA loans, which are backed by the Federal Housing Administration and insured by them, are accessible to nearly everyone.

FHA streamline loan

Streamlined FHA loan application process. If you presently have an FHA loan, you may be eligible for an FHA Streamline, which offers a lower interest rate and monthly payment. There are several benefits to using the FHA Streamline, including less paperwork, flexible credit standards, and the ability to skip the appraisal step entirely.

203K renovation loan

If you’ve located the “ideal” property, but it’s not in “perfect” shape, the FHA 203K loan is for you! You can get a loan for the full purchase price plus the cost of repairs with a 203K. So, you may buy a house and make it your own with just one loan. Provides ease of use and protection against unforeseen circumstances that can arise after you’ve signed the contract.

Purchase or refinance a property in need of work with this lending program. Loaning money to buy and refurbish a house is possible using this method. These loans have been around for a while, but they were overshadowed by other methods of funding home renovations. There are fewer choices for financing improvements now that property values aren’t rising double digits, and equity loans are only available for 70-80% of current values (as opposed to 100% a few years ago).

VA loan

Veterans and their surviving spouses benefit greatly from the VA loan program. There are low-interest rates, minimal requirements, and no mortgage insurance. The VA loan program requires no money down for qualified customers. Moreover, even if you need to borrow the entire value of your house, you can refinance without the need for mortgage insurance.

The VA program allows you to customize your loan by offering periods of 15, 20, or 30 years. And ARM options are available if you don’t anticipate staying in your house for an extended period or if you tend to refinance every four to five years.

H.A.R.P program

The Home Affordable Refinance Program, launched by Fannie Mae and Freddie Mac in 2009, gives homeowners with mortgages that are “underwater” the option to refinance. In cases where the value of the homeowner’s property has decreased and they no longer meet typical underwriting conditions, a HARP Refinance can help. There is no restriction on who can refinance a loan that is owned by Freddie Mac or Fannie Mae for a homeowner.

Jumbo loan

Go for a jumbo loan if your mortgage needs are higher than $484,350. Loans over $484,351 are subject to Jumbo (High Balance) criteria due to government agency restrictions on loan size. Because it’s the only option, and rates are at historically low levels, it’s also the greatest alternative. There has never been a better moment to get a Jumbo.

You have a large house with a large mortgage payment. Don’t be alarmed. If you need a larger loan, the Jumbo (conventional and FHA) financing options are available. With such low Jumbo rates and big loan amounts, even a 1% difference in your rate might have a significant impact on your monthly payment. For example, if you have a $700,000 loan and your interest rate is 1% lower, you will save over $400 a month.

USDA loan

Do you prefer living in the country over the city? If this is the case, you may be eligible for a USDA loan! For qualified rural and suburban homebuyers, the USDA offers no-money-down USDA house loans. We can provide you with the lowest rate available because the USDA guarantees a Semper mortgage, much like an FHA loan does. Additionally, USDA loans require little to no money down.

Semper Home Loans Mortgage Rates

The fact that Semper Home Loans does not make its mortgage rates available on its website is a drawback, but it is not a deal-breaker. Interest rates are advertised widely by some mortgage businesses, while others prefer to keep their rates private.

When it comes to advertising rates, it’s reasonable why a lender might choose not to put them on their website. If your credit score, property type, loan amount, or kind of transaction differs from those listed, the rate you see may be very different from what you qualify for.

If you’re comparing mortgage rates on Zillow where clients write their Semper Home Loan reviews, you might see their rates to get an even better indication of pricing because they advertise quite a bit there. I found them on Zillow, where they had the lowest mortgage APR and rate for a hypothetical loan situation, in part because they only charged a single dollar in lender fees.

Who is Semper home Loans best for?

Semper home loans are for people who want to buy a house but need a mortgage to do it. This is the place to go if you have a credible credit score and need a mortgage right now. Because of this, the loan’s terms are easier to understand and you’re under less pressure to complete the loan’s conditions quickly. The loan is also approved far more quickly than a state loan is.

It will also save you money in the long run because you won’t have to get mortgage insurance. If you want to buy a condo, a Semper Home loan may be a good option. Another benefit for first-time home purchasers is the low-down payment, average to excellent credit score range, and elimination of private mortgage insurance that go along with this lending program. Semper Home Loans assists service members and their families in purchasing a home.

Customer Reviews

Based on over 1,500 customer ratings, they have a 4.92-star rating on Zillow. Customers who have used this lender previously have said that the interest rate and closing charges were both lower than they expected to be. In addition, many customers have praised their low or excellent rates, depending on the evaluation. The Better Business Bureau has recognized them as a reputable business when they first opened in 2005. They currently have an A+ rating with the Better Business Bureau (BBB Rating).

On the BBB website, Semper Home Loans inc has a 2.8-star rating based on six customer reviews, which is a small sample size. Customer complaints are the most common types of feedback on the BBB website. Both WalletHub and Birdeye have given them a 4.4-star rating based on about 150 client ratings. There are some complaints about them, but on the whole, they seem to be loved by their clients.

Semper Home Loans appears to be a decent option for borrowers who want low rates and convenience, but don’t want their lender to micromanage them.

FAQ About Semper Mortgage Company

What documents are needed to apply for a mortgage at Semper Home Loans?

Here are a few of the most frequent paperwork you’ll offer your lender to get you started. Being prepared for this step will help your mortgage application move along faster and without hitches.

  • A minimum of 30 days of pay stubs for each application must be submitted.
  • Employer names and addresses for the previous two year
  • Two years’ worth of W-2s
  • Tax returns from the previous one to two years
  • Form 4506-T or 4506T-EZ, completed and signed by your mortgage lender for the previous two to three months’ worth of bank statements
  • A profit and loss statement for the current year, as well as signed returns for the previous two years, if you are self-employed.
  • If applicable, documentation of pension income must be provided.
  • Disability and Social Security benefits, if any
  • Profits from dividends
  • Bonuses
  • Payments for child support or alimony (optional for you to disclose)
  • Loan and credit card debt statistics and information

What does pre-approval mean at Semper Home loans?

There is nothing more satisfying than knowing that you’ve been pre-approved for a mortgage because it implies that a bank or other lending institution has carefully analyzed your credit reports and job history to decide which loan programs and interest rates you are eligible for.

Fixed-rate or adjustable-rate?

A fixed-rate loan has an interest rate that stays the same throughout the loan’s term. The interest rate on an adjustable-rate mortgage (ARM) is initially fixed for a specified period before fluctuating based on a market index such as the LIBOR. Think about things like how long you plan to live in the house. With a fixed-rate mortgage, you know exactly how much money you’ll be spending each month.

If you intend to sell your house before the interest rate becomes variable, an adjustable-rate mortgage may be a better option because the initial interest rate is often lower than that of a fixed-rate mortgage.

Can I qualify for a VA loan if I was discharged a long time ago?

An Eligibility Certificate is a requirement for everyone applying for benefits. The VA Form 26-1880, which requires a copy of your DD-214 (Certificate of Release or Discharge from Active Duty), must be used if you don’t have this Certificate. The Certificate of Eligibility is not the only document borrowers must provide; they must also provide information on their credit, savings, and job.

Does home loan entitlement for veterans expire?

No, if you’re serving in the military, your home loan benefits are still valid until you use them. Those who have been discharged or released from active duty but have not yet used their entitlement are required to reapply based on the length of their service and the nature of their discharge.

How do I get pre-qualified?

Pre-qualification for a mortgage can be as simple as filling out our online application. After gathering some basic information from you, we’ll do a credit check to see whether you’re eligible. You’ll know how much you can borrow once you receive your mortgage pre-qualification and will be able to seek a new home with self-assurance. Additionally, sellers will have peace of mind knowing they have a serious buyer on their hands.

Contact information for Loan Officer is the company’s official email. They have a support team that is available five days a week from 8 am to 6 pm who can answer any queries via the website Their official contact is (888) 817-6619. Semper Home Loans is present in social platforms like Twitter, Facebook, and LinkedIn.

Semper Home Loans offers inexpensive rates and educational tools packed in an intuitively streamlined procedure to potential homebuyers across demographics, generations, and income ranges. As a result, Semper can get you preapproved faster than any other mortgage lender by cutting out unnecessary processes in the application process. Instead, then handing you a pile of paperwork to do, Semper will help guide you through the process step-by-step. Their goal is to educate, advise, and alleviate any of your fears so that you may move forward with the process of finding the perfect house.

More Lenders Reviewed:

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Freedmont Mortgage Review

Credible Mortgage Refinance Reviews

Innovative Mortgage Alliance Review

Blue Spot Home Loans Review

Jeremy Toronto

Jeremy Toronto

Jeremy has working in the mortgage industry since 2013. Really loves to research and give advice to new homeowers when it comes to one of your biggest purchases (your home!) As a property investor and having took the test NMLS has a unique insight into refinancing and getting a mortgage for new homeowners. When not working I like to hike, fish and collect insects (I know wierd right?).

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