Guardian Mortgage, a division of Sunflower Bank, N.A., has helped borrowers finance residential homes since 1965. With a wide array of loan products, an in-house appraisal system and direct relationships with several investors like Fannie Mae, Guardian Mortgage touts a streamlined and stress-free experience for its customers. This lender grew by referral only for almost half a century which speaks highly to its borrower experience.
Guardian Mortgage loan options
First-time homebuyers, builders and renovators
1% Lender Credit – If you’re building a brand new home, Guardian Mortgage offers 1% back as a lender credit to be used towards closing costs. If you’re within 90 days of completion of your new home, you may qualify for this loan.
Builder Select Program – This loan program protects borrowers who are building a home by locking in mortgage rates for up to 180 days. This allows the borrower to focus on the build and not climbing interest rates.
Conventional – For first-time homebuyers and experienced homeowners with good credit scores and low debt-to-income ratios, Guardian Mortgage’s conventional loan program offers flexibility and down payments as low as 3%.
Federal Housing Administration (FHA) Lending Programs – FHA loans are designed to help borrowers with imperfect credit qualify for a program that will help lower their down payments. Qualifying guidelines are more flexible than other programs, with down payments as low as 3.5%. This is a great option for first-time homebuyers looking for low down payment financing.
Home One SM – This loan program is available to first-time homebuyers with a minimum 620 FICO score. Down payments are as low as 3%, with no geographic or income limits. This program offers fixed-rate terms that make budgeting easier for borrowers and homeownership more financially realistic.
HomeStyle – Guardian Mortgage’s HomeStyle program is a renovation loan that gives borrowers the option to repair or remodel within a single conventional first mortgage. This streamlines the borrowing process and helps you renovate your dream home without the headache of a conventional second mortgage or a home equity line of credit (HELOC).
One Time Close – If you’re interested in building a home under a single loan, Guardian Mortgage’s One Time Close program covers the land purchase, construction costs, and long-term financing.
Financial assistance programs
Community Reinvestment Lending (CRA) – For borrowers who desire the opportunity to own their own home, but may not be eligible for most mortgage loans, this program allows flexibility in borrowing with a limited income by making monthly payments more affordable.
Conforming Adjustable Rate Mortgage (ARM) – This loan program offers a locked-in rate for the first 3, 5, 7, or 10 years and then adjust up or down based on the rate it’s tied to. If you’re looking for lower initial payments and plan to sell or refinance your home before the fixed term ends, this Guardian Mortgage program may be right for you.
Down Payment Assistance Programs – Guardian Mortgage’s down payment assistance programs are state-sponsored and designed to help qualified borrowers who can’t afford a down payment or don’t qualify for zero-down payment loans. Guardian Mortgage offers down payment assistant programs for 7 states:
- Arizona – Arizona Department of Housing
- Colorado – Colorado Housing and Finance Authority or FHLB Topeka
- Kansas – FHLB Topeka
- Michigan – Michigan State Housing Development Authority
- Nebraska – FHLB Topeka
- Oklahoma – FHLB Topeka
- Texas – Texas State Affordable Housing Corporation
HomeReady – This loan program is ideal for first-time or repeat homebuyers that are ready to buy but are unsure if they can make a down payment. Down payments are as low as 3%, with flexible down payment assistance via grants and gift funds.
Lock and Shop – This loan program allows borrowers to shop for a home with a lock-in mortgage rate for up to 90 days without a contract. Once you find your dream home, a contract is executed.
Portfolio Second Lien – For borrowers that can afford a down payment on a home but not enough to avoid private mortgage insurance (PMI), this loan program finances 80% in a first mortgage, 10% in a second, and with a 10% down payment, helps you avoid the PMI requirement.
Jumbo Advantage Program – If you’re buying or refinancing a luxury home or high-value property, Guardian Mortgage’s Jumbo Advantage Program could be right for you. This program offers up to $2 million for primary residences and second homes or up to $1 million for investment properties. Loan terms are flexible under this program, with both fixed- and adjustable-rate options.
Jumbo Elite Program – If you’re in the market for a large home or buying in a high-cost area, Guardian Mortgage’s Jumble Elite loan can provide up to $2.5 million in funding. This program features both rate/term and cash-out refinances, new purchase funding and refinancing for second homes and investment properties, and delayed financing for cash buyers.
Jumbo Fixed Program – To finance a luxury condo, Planned Unit Development (PUD), or leasehold, Guardian’s Jumbo Fixed Program offers borrowers up to $2.5 million in funding for these properties. Eligible properties include the following:
- 1-2 unit properties
- Homes in PUDs
- FNMA-warrantable low-, mid- and high-rise condominiums
- Leasehold properties that meet FNMA requirements
Jumbo Interest Only – For borrowers with more complicated financial situations (like fluctuating incomes or cashflow maintenance preferences), a Jumbo Interest Only loan may be the best option to purchase or refinance a home.
Jumbo Standard – For borrowers in the market for a high-priced home or investment property. Guardian Mortgage offers several jumbo loan types with various term options (depending on your circumstances) that give you more flexibility in managing your loan.
Relationship, status, and location-based loans
Heroes Program – The Guardian Mortgage Heroes Program is a salute to our “everyday heroes,” the men and women who dedicate their lives to making their communities better. This program offers eligible borrowers a credit up to $1,500 to be used towards closing costs. Eligible professions for this program include:
- Law Enforcement
- Medical Professionals
Relationship Lending – If you already have an existing relationship with Sunflower Bank or First National 1870, Guardian Mortgage offers exclusive financing with up to 100% financing on a primary residence.
USDA Rural Development – This loan program helps low-to-moderate income borrowers purchase eligible homes in certain rural and suburban areas. This loan type offers low or no-down-payment options and requires no mortgage insurance.
VA Lending Program – This program helps service members, veterans, and eligible surviving spouses become homeowners. This loan program is special in that it has features that aren’t available to the general public, such as 0% down payment options and lower closing costs. Eligible borrowers can have a FICO score as low as 580.