Our goal is to offer you the lowest rates with the lowest closing costs in order to strengthen your overall financial postion. The products available to you are the most up to date options in todays rapidly changing marketplace.
- Conventional
- Debt Consolidation
- FHA
- Investment Properties
- Non-Confirming or Jumbo
- Second Home
- VA
Conventional
This is the safest and most common mortgage that we offer. The interest rate is fixed for the life of the loan. We offer 10, 15, 20, 25, 30, and even 40 year fixed rate mortgages. Typically, the longer the term, the higher the interest rate, BUT the lower your monthly mortgage payment.
Term: 30 years | Maximum Amount: $417,000
Debt Consolidation
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FHA
A FHA loan is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration. The loan may be issued by federally qualified lenders.FHA loans have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford. The program originated during the Great Depression of the 1930s, when the rates of foreclosures and defaults rose sharply, and the program was intended to provide lenders with sufficient insurance. Some FHA programs were subsidized by the government, but the goal was to make it self-supporting, based on insurance premiums paid by borrowers.Over time, private mortgage insurance (PMI) companies came into play, and now FHA primarily serves people who cannot afford a conventional down payment or otherwise do not qualify for PMI.
Term: 30 years | Maximum Amount: $271,050
Investment Properties
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Non-Conforming or Jumbo
This is typically for loan amounts greater than $417,000 and less than $1 Million. The rates on these loans are slightly higher than conforming loans. We offer these loans in fixed rate mortgages, and adjustable rate mortgages.Fixed rate loans are the safest since the interest rate is fixed for the life of the loan. Adjustable Rate Mortgages (ARM’s) are only fixed for a period of time, then may adjust annually for the remaining life of the loan. ARM’s typically will give you a lower interest rate and payment compared to a fixed rate loan for the first 3, 5, or 7 years, but then may adjust upward. Please discuss your goals with your mortgage consultant so that he/she may help guide you into the perfect loan for your situation.
Term: 30 years | Maximum Amount: $1,000,000
Second Home
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VA
A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs. The loan may be issued by qualified lenders.The VA loan was designed to offer long-term financing to American veterans or their surviving spouses (provided they do not remarry). The basic intention of the VA direct home loan program is to supply home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment. Eligible areas are designated by the VA as housing credit shortage areas and are generally rural areas and small cities and towns not near metropolitan or commuting areas of large cities.The VA loan allows veterans 100% financing without private mortgage insurance or 20% second mortgage. A VA funding fee of 0 to 3.3% of the loan amount is paid to the VA and is allowed to be financed. In a purchase, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less. Since there is no monthly PMI more of the mortgage payment goes directly towards qualifying for the loan amount, allowing for larger loans with the same payment. In a refinance, veterans may borrow up to 90% of reasonable value, where allowed by state laws.
Term: 30 years | Maximum Amount: $417,000