15 year fixed first mortgage – Get a secure, low rate mortgage and pay less interest over the life of your loan
30 year fixed first mortgage – A 30 year first mortgage gives you a low payment that does not change. Our most popular loan
Adjustable rate – A mortgage with an interest rate that may change, usually in response to changes in the Treasury Bill rate or the prime rate. The purpose of the interest rate adjustment is primarily to bring the interest rate on the mortgage in line with market rates. The mortgage holder is protected by a maximum interest rate (called a ceiling), which might be reset annually. ARMs usually start with better rates than fixed rate mortgages, in order to compensate the borrower for the additional risk that future interest rate fluctuations will create.
Federal Housing Administration (FHA) - A mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). FHA loans are designed for low to moderate income borrowers who are unable to make a large down payment. Government backed loan program with down payments as low as 3.5%
Veterans Administration (VA) – A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders.The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry). No down payment required for veterans, active duty service members, reservists and qualified spouses.
Fixed rate – mortgage rate that won’t fluctuate when interest change.
Foreign National – non-U.S. citizens who want to buy a home in the U.S.
Jumbo – We have LTV ratios for clients who need to borrow higher loan amounts