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At Innovative Mortgage Brokers, we understand the importance of finding a mortgage that fits your unique financial situation and homeownership goals. Unlike going directly to a single lender, who can only offer their own suite of products and rates, we provide a more comprehensive approach to securing a mortgage.

As mortgage brokers, we maintain relationships with a wide range of lenders, from traditional banks to credit unions and private lending institutions. This extensive network means we have access to a broad spectrum of mortgage products and competitively priced programs. Instead of being limited by the offerings of one institution, we can shop around on your behalf to find the mortgage options that best meet your needs.

Our goal is to ensure you get the most favorable terms possible on your home loan. Whether you’re looking for a conventional mortgage, an FHA loan, or a more specialized product, we leverage our relationships with various lenders to negotiate competitive rates and terms. We can explore numerous possibilities and compare different loan options, which would be a time-consuming process if you were to do it on your own.

Additionally, because we work for you and not a particular lending institution, our advice is unbiased and centered around your best interests. We can guide you through the complexities of the mortgage process, providing personalized service every step of the way.

In short, partnering with Innovative Mortgage Brokers provides you with more choices, potentially better loan terms, and a streamlined mortgage experience. We’re here to help you navigate the mortgage landscape and secure the best possible home loan.

Looking to Purchase a new property in PA or FL?

Fixed Rate Mortgage – A type of home loan that offers a single, constant interest rate for the entire term or length of the loan. This means that the interest rate you start with is the one you’ll have until the end of your mortgage term, regardless of market fluctuations.

Adjustable Rate Mortgage – An Adjustable-Rate Mortgage (ARM) is a type of home loan where the interest rate can vary throughout the loan term. Unlike fixed-rate mortgages, which have a set interest rate for the entire term, ARMs start with a fixed interest rate for a specific period and then adjust periodically based on current market rates.

Conventional Mortgage – A loan that is not insured by the federal government, offering both fixed and adjustable rates. These loans typically require a higher credit score. They also often have fewer restrictions, allowing for greater loan amounts and the potential for lower overall borrowing costs.

FHA Mortgage – An FHA Mortgage, insured by the Federal Housing Administration (FHA), is a government-backed home loan designed to make homeownership more accessible. This type of mortgage is particularly beneficial for borrowers with lower credit scores and smaller down payments.

VA Mortgage – A home loan backed by the Department of Veterans Affairs, available to current service members, veterans and eligible surviving spouses.

Rehab Loans – Also known as a renovation loan, is a type of home loan that combines the cost of purchasing a home and the cost of renovations into a single loan, making it an ideal choice for buyers interested in buying fixer-uppers or homeowners looking to renovate their current properties.

USDA Mortgage – A loan backed by the United States Department of Agriculture, specifically designed to help low-to-moderate income families purchase, renovate, or build homes in eligible rural areas,

Jumbo Mortgage – A type of home loan for amounts that exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA)

Non-QM Mortgage – Short for non-qualified mortgage, is a home loan that doesn’t meet the Consumer Financial Protection Bureau’s standards for a qualified mortgage, offering flexibility with income verification and debt-to-income ratios, thus providing an alternative lending option for borrowers who don’t fit traditional lending criteria.

Investment Properties A type of home loan specifically designed for properties that the borrower does not intend to occupy, but rather rent out.

Looking to Refinance an existing property in PA or FL?

Rate and Term Refinance – It is a type of refinancing where the borrower changes the interest rate, the loan term, or both, of their existing mortgage, without borrowing additional funds. This type of refinancing is typically pursued to secure more favorable loan conditions.

Cash Out Refinance – A cash-out refinance is a mortgage refinancing option where the new mortgage is for a larger amount than the existing loan, and the borrower receives the difference between the two loans in cash, often used for home improvements, debt consolidation, or other financial needs.

As Mortgage Brokers, We Provide Options and Shop for You

Mortgage Loan Options in Philadelphia

Finding the right mortgage loan involves understanding your needs, finances and history to help you choose the right home loan. We are here to guide you through this process, and provide you with most cost effective loan options. We work for you.

Whether you are looking to purchase or refinance your home, investment property, or vacation home, we offer a wide range of loan options to fit many different scenarios.

We work with First Time Home Buyers, as well as seasoned Investors! If you are looking for a mortgage in Pennsylvania (PA) or Florida (FL), give us a call. We are faster, easier and cheaper

We also have many different documentation type loan options available:

  • Full documentation loans- W2, pay stubs and asset information is required
  • Limited documentation loans- Bank statements are used to verify income. Lender looks at a period of time (2-24 months), and uses the total deposits during that period as income*
  • No documentation loans- Income and asset information is not required*


*These products may have a higher interest rate, more points or more fees than other products requiring documentation.

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