The most popular loan type, conventional fixed rate loans feature a constant interest rate for the life of the loan with monthly payments remain constant throughout the term of the loan. Traditionally, borrowers are expected to provide a 20 percent down payment though this is not necessarily required. We currently offer loans as high as 97% Loan-to-Value with various Private Mortgage Insurance (PMI) options. Contact us for details on down payment options.

Available terms generally range from 10 years, 15 years, 30 years and 40 years with some restrictions. 

Temporary rate buy-downs, such as a 2/1 buy-down incrementally lowering the interest rate for the first two years, may also be available. 

Adjustable rate mortgages are loans where the interest rate is recalculated on a yearly basis depending on market values. As interest rates are adjusted so is the borrower's monthly payment. While interest rates on ARM loans are generally lower than fixed rate loans initially they can eventually become higher over time with adjustments.

Various types of ARM loans include Hybrid ARMs such as 10/1 year, 7/1 year, 5/1 year and 3/1 year programs. Contact us for more information on adjustable rate mortgage loans.

Homeowners looking to decrease their interest rate to obtain a lower monthly mortgage payment may consider refinancing. A refinance calls for the homeowner to obtain another mortgage loan. Those funds are then used to pay off the original mortgage loan and the homeowner is then bound by the terms of the new mortgage. Depending on your situation, a refinance loan could be a great option for an existing primary residence, second home, or even an investment property.

Along with decreasing your interest rate, refinance loans can also help you switch from an ARM to a Fixed Rate Mortgage, get rid of a balloon payment loan that is coming due, and in some cases reduce your loan term. Depending on the value of your home Cash Out may also be available.  If you are considering cash out you may also wish to review options on our Standalone Second Trust Program for a potentially more cost effective means of Cash Out up to $500,000 with proportionally lower transactions costs versus a full-fledged Cash Out refinance with a new first trust loan.

If you are considering refinancing a property, please call us today to review the financial options for your particular scenario.  It is important that any refinance options you choose make sense and achieve the desired Net Tangible Benefit. 

FHA loans are private loans insured by the Federal Government. These loans are popular with borrowers who don't have enough funds to pay a traditional 20 percent down payment because they only require 3 percent down to qualify. Those who choose these loans are required to pay mortgage insurance which slightly increases their monthly payments. FHA loans present a more flexible financial tool as compared to conventional loans with regard to general qualification and a higher available loan-to-value.

FHA loans are also deemed attractive and more flexible from a standpoint of underwriting guidelines for first time home buyers and for people that may have had past or recent credit issues.  We currently offer FHA loans with manual underwrites for borrower credit profiles down to a minimum 500 representative credit score. 

Lenders who wish to offer these loans must be approved by the Department of Housing and Urban Development. Please contact us today to find out if an FHA loan is right for you.

VA loans are private loans guaranteed by the Federal Government. VA loans are only available to qualified military veterans and their families with VA Eligibility. This includes active duty, veterans, and eligible surviving spouses.  These loans are only available to these individuals for their own primary residences and cannot exceed certain loan limits.

VA loans are also deemed potentially the most attractive loan program providing more flexible general underwriting guidelines to accommodate eligible borrowers with past and present credit issues and the need for higher debt to income level to quality. We currently offer our VA Low Score program with manual underwrites for borrower credit profiles down to a minimum 500 representative credit score. 

For more information on qualifying for this loan program please give us a call today.

A Jumbo Loan, or non-conforming loan, usually means any home loan for amounts higher than the traditional Fannie Mae or Freddie Mac conforming high balance limits. These limits and general availability of Jumbo loans can be affected by specific county and state loan limits. Jumbo loans feature similar loan programs to fixed rate and adjustable rate programs. There are even FHA Jumbo Loans. The main difference between jumbo loans and conforming loans is the interest rate. Because Jumbo Loans are riskier for lenders they usually have higher rates. We currently offer Jumbo Loans up to a maximum of $3.5 million by specific loan program.

Learn more about Jumbo loans by contacting us today.

USDA Rural Development Loans allow for financing up to 100% Loan-to-Value with No Down Payment. USDA Loans are avaiable for the financing of one-family owner occupied properties in Non Urban areas. If your are interested in a home in a Non Urban area,this may be the an excellent No Down Payment financing option to consider.

We look forward to your questions about USDA Rural Development Loans. Please call us to find out more.

Home equity loans call for the borrower to acquire a new loan on an already mortgaged property using the equity you've built as collateral. Home equity loans are typically reserved for those looking to pay down medical or consumer debt, start a business or paying tuition. Home equity loans can also be used to make property improvements or even to buy another property. Please see our tab for Stand Alone Second Trust with options to access your home equity with fixed rate options up to $500,000.  Please contact us directly if you're interested in a home equity loan.

Most states restrict the amount of money one can borrow against their home. Interest rates on home equity loans are generally higher than conventional loans.

Reverse mortgage loans, also known as reverse equity loans, are only available to homeowners 62 or older for the government insured HECM loan or 55 and older for the Private Label Jumbo Reverse Mortgage. Like its name indicates, optional programs pay the homeowner either a one-time lump sum payout or optional monthly installments, a partial payout with an available credit line or simply a line of credit. 

Reverse Mortgage loans provide attractive options for seniors looking to balance debt and increase their monthly incomes.  Please see the wealth of information on our site regarding Reverse Mortgages.  Contact us for a confidential free consultation to determine your eligibility and options for a Reverse Mortgage.