|
| |
| Conforming 103%, Conforming 100%,Conforming 97% |
| FHA, VA Loans / 30 & 15 yr fixed / 1,3, and 5 yr arm |
| 3yr, 5yr, 7yr, 10yr arms |
| 80/20 conforming % non-conforming |
| Stated or self employed loans / NINA / No Doc /30 & 15 yr fixed / 3 & 5 yr arms |
| Non Conforming 106%, Non Conforming 100% , Non Conforming 97% |
| Construction loans / One time construction loans |
| Second mortgages and Home equity loans |
| Manufactured Homes |
| Interest Only Loan |
| 40 Year Loans |
|
Conforming 103%, Conforming 100%,Conforming 97%
This is a conforming loan that allows a gift from an allowable flexible source to contribute 3% of the closing costs, the borrower is only required to bring in $500
Term: 30 years
Maximum Amount: $359,650
|
| Rates | Points | APR |
|---|
| 6% | 0% | 6.189% |
| |
Please call one of our experienced representative for more information. |
 |
FHA, VA Loans / 30 & 15 yr fixed / 1,3, and 5 yr arm
FHA, VA Loans are good for first time home buyers or veterans.rate bsed from 30 yr fixed
Term: 30 years
|
| Rates | Points | APR |
|---|
| 5.5% | 1% | 5.778% |
|
3yr, 5yr, 7yr, 10yr arms
The adjustable rate mortgage loans are used to reduce payments. This allows the borrower to qualify for more house. rate based from 3/1 arm
Term: 30 years
Maximum Amount: $359,650
|
| Rates | Points | APR |
|---|
| 4.375% | 1% | 4.555% |
| |
Adjustable Rate Mortgage Loans (ARM)
Loans with interest rates that are adjusted periodically based on changes
in a pre-selected index. As a result, the interest rate on your loan and the
monthly payment will rise and fall with increases and decreases in overall
interest rates. |
|
80/20 conforming % non-conforming
With this loan the borrower would have two loans. The primary reason is to not pay Mortgage Insurance and/or for tax reasons.
|
| |
The first loan is usually a fixed rate and the second loan is usually a variable rate. Normally the two loan payments are about the same as the 100% (one loan) payment.
Please call for rates. |
|
Stated or self employed loans / NINA / No Doc /30 & 15 yr fixed / 3 & 5 yr arms
These loans are usually used for self-employed or borrowers that have income not verifiable through traditional means.rate based from 30 yr fixed
Term: 30 years
|
| Rates | Points | APR |
|---|
| 5.75% | 1% | 6.032% |
| |
These type of loans usually need good credit. There is less paperwork and hoops when doing this type of loan. Loan to value depends on credit scores of the borrowers
Please call one of our experienced representatives today for details |
|
Non Conforming 106%, Non Conforming 100% , Non Conforming 97%
These loans are usually for the borrower that just missed Conforming loans because of credit,income,job, or asset issues.
|
| |
Please call one of our experienced representative for more information.
Please call for rate and pricing. |
|
Construction loans / One time construction loans
Loans for the construction of a home
Term: 30 years
|
| |
One time construction loans act as if they are a conforming loan with draws used for constructing a home
Please call one of our experienced representative for more information. |
|
Second mortgages and Home equity loans
Second mortgages and Home equity loans are usually used for purchases and cash out refinances.
Term: 15 years
|
| |
Please call one of our experienced representative for more information. |
|
Manufactured Homes
Up to 95% with your 5% down seller can pay up to 3% of your closing costa
Term: 30 years
|
|
Interest Only Loan
Pay Only Interest and put your hard earned money back in the bank gaining interest where it should be
Term: 30 years
|
| |
Can Be an Arm or a Fixed loan
conforming and non-conforming |
|
40 Year Loans
Take up to 40 years to pay, also helps qualify if your income is just not quite enough for a 30 yr amortization
Term: 35 years
|
| |
Great Product to lower payments!
Most people do not stay in there home 40 yrs so why not save some of your monthly money and keep in your pocket |
|
|
Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $250,000 with closing costs of $5,000. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
|