Fixed Rate Loans
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30-, 25-, 20-, 15- and 10-year terms are all available with fixed rate.
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Buy a home with as little as 5% down (primary home).
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Refinance up to 95% of your primary home's value.
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Monthly payments remain the same for the entire loan term.
Adjustable Rate Loans
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3/1, 5/1, and 7/1 ARM's. Monthly payments based on a 30 year repayment schedule.
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The rate stays fixed for the first 3, 5, or 7 years (depending on chosen term), and then adjusting annually thereafter.
FHA Loans
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3.50% minimum down payment required on purchase.
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Minimum credit score usually 620.
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Post-bankruptcy qualifying - 2 years after.
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Post-foreclosure qualifying - 3 years after.
USDA Loan
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As low as 0% down
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Property must be located in eligible area (rural/less populated areas)
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Purchase and Refinance loans available for Primary Residences
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Refinance loans only available to current USDA mortgage loan holders
VA Loans
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Competitive interest rates that are routinely lower than conventional rates.
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Sellers can pay up to 6 percent of closing costs and concessions.
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Higher allowable debt-to-income ratios than for many other loans.
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Down payment as low as 0%.
Reverse Loan
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Homeowners - 62 years or older
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Line of Credit option provides a “safety net” for the unexpected
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Monthly mortgage payment is not required
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Lifetime Monthly Income is an option