WE OFFER A FULL MENU OF MORTGAGE PRODUCTS DESIGNED TO FIT ALL OF YOUR MORTGAGE FINANCING NEEDS.
We will work with you one-on-one to tailor a financial solution specifically suited to meet your financing needs. Whether you are purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team can help you find the right loan program. Be sure to consult with your Mortgage Loan Officer for specifics regarding each program.
PURCHASE & REFINANCE LOAN TYPES
RENOVATION LOAN TYPES
Fixed-rate home loans are the most common type of home loan in the mortgage industry. This option is low-risk and gives you predictable monthly principle and interest (P&I) payments for the next 15 or 30 years, depending on which loan term you choose. Fixed-rate loans are reliable for long-term owners ready to settle in one place for a long period of time.
30-YEAR FIXED RATE
The main attraction of a 30-year fixed rate home loan is security. The terms protect you from changes in the market, while still having the flexibility to refinance during improved market conditions. The benefits of a 30 year fixed-rate home loan include:
15-YEAR FIXED RATE
The 15-year fixed rate home loan works well for people who are looking to save money in the long run, but also looking for security and simplicity. The 15-year also gives more power to move. With a shorter loan term, the monthly payment will likely be higher than a 30 year fixed-rate loan, but with a lower interest rate and a lower amount of total interest over the duration of the loan. With a higher monthly payment, equity in the house will build up sooner which means the proceeds from a house sale can be used to make a bigger down payment on a future purchase.
An adjustable rate mortgage (ARM) is ideal for borrowers who plan to move within five years. ARMs take advantage of a low “introductory” interest rate so the loan stays at the same rate typically for 5, 7 or 10 years. Once the introductory period expires, the interest rate changes with the movement of an “index” (major interest rate). Following this movement, the amount of monthly interest either increases or decreases. The advantages of ARMs include:
Federal Housing Authority (FHA) loans are government assured and are ideal for people with limited income or money for a down payment. These loans typically help first-time homebuyers, seniors or others with limits on what they can afford. Some benefits of FHA home loans include:
Conventional home loans are not backed by a federal agency, such as the U.S. Department of Veteran Affairs, U.S. Department of Agriculture or Federal Housing Administration. Conventional loans are idea for people with a stable job, income and good credit. Conventional home loans are more flexible in their terms and have fewer restrictions compared to government-backed products. Some benefits of conventional home loans include:
Jumbo home loans are considered non-conforming mortgages. They are for purchases with a loan value above the federal standard of $417,000, although that number varies based on location. For a home with a purchase price above this limit, a jumbo loan is needed.
SELF EMPLOYED LOANS
Self Employed Loans
POOR CREDIT LOANS
Poor Credit Loans
Veterans Affairs (VA) home loans are a great benefit to military personnel during and after their service. These loans are partly guaranteed (typically a quarter of loan value) by the U.S. Department of Veterans Affairs and offers the following advantages: