Loan Programs

 

Which loan is right for me?

Years you plan to say in your home/recommended program:

1-3 3/1 ARM, 1 year ARM or 6 month ARM 
3-5 5/1 ARM 
5-77/1 ARM 
7-10 10/1 ARM, 30 year fixed or 15 year fixed 
10+ 30 year fixed or 15 year fixed

 

Loan Programs:

Fixed Rate Mortgages: 
  • Monthly payments are fixed over the life of the loan
  • Interest rate does not change
  • Protected if rates increase
  • Ability to refinance if rates decrease

Adjustable Rate Mortgages:
  • Lower initial monthly payment
  • Lower payment over a shorter period of time
  • Rates and payment may go down if rates improve
  • May qualify for higher loan amounts 

Balloon Mortgages:
  • Lower initial montly payment
  • Lower payment over a shorter period of time
  • Many Balloon Mortgages offer the option to convert to a new loan after the initial term

First Time Buyers Programs:
  • Lower down payment
  • Easier to qualify
  • Possibility of a lower interest rate

State Income Programs:
  • Income verification not necessary
  • Faster approval
 
No Point; No Fee Programs:
  • No closing costs
  • Less money required to close
 
Jumbo Loans:

Jumbo (non-conforming) loans are loans higher than the conforming loan limit set for a given year by Freddit Mac and Fannie Mae, which are the government-sponsored agencies that buy loans in the secondary markets.

  • Interest rates are generally higher than conforming loans due to the higher risk involved
  • Available in fixed rate, balloon and ARM formats 
 
Conforming Loan Limits:

All areas except Arkansas and Hawaii: 

Besides our standard loan programs, we also have a large number of unique programs to serve your needs:
  • Purchase a house with 0 down
  • Piggyback loans 80-10-10 or 80-15-5. No PMI payments even with 5% or 10% down.
  • Debt consolidation programs 
  • Home Improvement loans
  • Qualify even if you may have been turned down before!

 

 

Apply Now
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Pre-Qualify
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Refinance
Perform refinance analysis now!

Helpful Calculators
Calculate your monthly payments, find out how much you qualify for or see what you'll save by consolidating your debt.

 Frequently Asked Questions
Need answers? Find out what you need to know to make the loan process easy!

 Mortgage Glossary