Mortgage Loan Programs
Apply today and we will provide you with a Pre-Approval Certificate.
Then you can shop for your dream home and:
- You know exactly what you can afford.
- You can shop with confidence.
- The seller will take you offer more seriously knowing you are virtually a cash buyer.
- Financing opportunity for Borrowers with excellent credit but little money for down payment.
- Zero Down plus finance 3% of your closing costs into the loan.
- Sellers may also contribute an additional 3% towards your closing costs.
- Zero Down - buy your home with NO money down
- Little or no cash up-front - 100% of the closing costs can come from a gift or seller.
- Less income required - expanded debt ratios makes it easier to qualify.
- 580 middle credit score required.
- Fixed rate financing - enjoy the security of knowing what your monthly payments will be for the life of the loan.
Even with limited or spotty credit history you can reach your dream of homeownership:
- As little as a favorable 12-month rental history required.
- An affordable 3% down payment - only 1% needs to be from your own funds and the balance can come from a gift or other sources.
- 100% of the closing costs can come from a gift or other sources.
- Less income required - expanded debt ratios make it easier to qualify.
- Fixed rate financing - enjoy the security of knowing what your monthly payment will be for the life of the loan.
Veterans Administration guaranteed home loans:
- 100% financing available for veterans.
- Nontraditional credit history is considered
- Expanded credit criteria
- Seller may contribute up to 6% toward the closing costs.
- Veteran must have certificate of eligibility from the Veterans Administration
Allows borrowers with excellent credit but limited income to buy more house:
- Allows for fifty percent (50%) of your income to be used towards the housing debt when traditional lending guidelines allow about thirty percent of your gross monthly income to be used towards the housing debt
- Available with as little as 5% cash investment
- Affords the security of a fixed payment
Is the right option for you if:
- You want the certainty of a fixed principal and interest payment
- Are on a fixed or tight budget
- Believe interest rates will or may go up
- Plan on staying in the same home for a long period of time
This is the right option for you if:
- You plan on moving or refinancing within seven (7) years of the mortgage transaction.
- Are confident your income will increase
- Believe interest rates will stay the same or go down
Some of the many benefits of adjustable loans include the following:
- You can save thousands in monthly payments over the first few years
- No prepayment penalty
- Your payments are amortized over thirty years
- With the lower interest rate it may be easier for you to qualify for a loan
- The interest rate caps help keep payments within reach if and when the rate adjusts upward
- The rate is typically limited to a one or two percent (1-2.00%) change in either direction per adjustment and a maximum of six percent (6.0%) over the life of the loan
No - Cost Equity Lines ($35,000.00 and up)
- Prime rate for life! The rate is indexed to Prime rate as posted in the Wall Street Journal the first calendar day of each month.
- 90% maximum combined financing (90% of the value of the house, including the first mortgage.)
- No annual fee
- Excellent credit required
- We offer a full line of equity lines and second mortgages to meet almost all needs.
Refinance, including refinance with Cash-Out
Many homeowners have found ways to increase their monthly cash flow or obtain additional moneys for home improvement by refinancing their current mortgage:
- Payoff high interest rate credit cards
- Have additional interest deductions at tax time
- Get cash for college or weddings!
- Fixed rate or adjustable rate programs available
- 30,25,20,15 or 10-year terms
- Talk with one of our experts for a free mortgage analysis!
- Up to 95% financing
- Equity in the land (if customer owns it) can be used for down payment and closing costs
- One-time closing keeps costs low and means the rate stays the same during and after construction
- Available in fixed or adjustable rates
- 6,9 or 12 month construction periods to choose from
- Up to 100% loan-to-value
- Appraised value is used to determine the loan-to-value if you owner occupied property more than 12 months.
- Unseasoned land contract buyouts are also available.
Specialty Income and Credit Products
- Self-Employed
- Stated Income
- No Income Verification Loans
- No Ratios
- No Cost Loans
- No Documentation Loans
- No Asset Loans
- Debt Ratios up to 60%
- Plus More
- Use the equity in your current home to buy or build your new one
- Interest only payments for six months
- Low, low closing costs!
- Quick closings!
- Jumbo mortgages are categorized as loans in excess of $417,000 for single-family residences
- Fixed rate loans always vary in price between conforming and jumbo loan amounts although some adjustable rate mortgages have much higher limits prior to altering the pricing
- Available up to 4 million dollars
- Construction, purchase, refinance or refinance with cash-out O.K.
- We are luxury home specialists!
- 1,2,3 or 4 unit properties
- Up to 95% financing available.
- Condominiums
- Commercially Zoned Residential Property
- Rural Properties
- Manufactured Housing
- Mobile Homes
- Mixed Use Property
- 5 plus units
- Our Commercial Division has over 19 years in multi-family lending!
- Preserve today's rates up to 60 days.
- We pay all closing costs except pre paids.
- No Title Costs.
- No Appraisal Cost.
- No Underwriting Fee.
- No Document Preparation Fee.
- No Fees of any kind.
- No Pre-Payment Penalty.
- Loans for Purchase or Refinance
- 15 to 30 year Owner Occupied Fixed & Adjustable Rate Loans
- Minimum loan amount $250,000
posted by Danny M at 6:37 PM
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