There are a variety of loan programs you can select from. Basic information
about each type of loan is included here.
Home Purchase
We have a wide variety of Mortgage purchase products for most any borrower with
a wide range of credit and income criteria. From the first time home buyer to
the seasoned investor we have the products for you.
Refinance
We have a wide variety of Mortgage refinance products for most any borrower with
a wide range of credit and income criteria. From debt consolidation to and interest rate reduction we can assist almost any homeowner in selection the right program.
Debt Consolidation
Roll credit card or other high-interest debt into one payment using a Home
Equity Loan or Line of credit. The interest paid on the equity loan or line of
credit is generally lower than credit card rates and may be tax deductible.*
Consult a tax advisor concerning the deductibility of interest.
2nd Mortgages
Fixed rate second mortgages available for the use of your choice, available on
your primary residence, second home, or investment property.
125% Home Equity Line of Credit
Adjustable rate, equity line funds are available for the use of your choice,
Equity Lines may be on your primary residence, second home, or investment property.
$0.00 down Loans
There are many options these days when purchasing real estate. Previously when
buying property the borrower had to have a Down-Payment, and if it was less
than 20% they were required to carry Mortgage Insurance. Now days we can lend
up to 100% of the purchase price without mortgage insurance. In most
cases this allows for a lower monthly payment. Not only can you buy your home with
$0.00 down but you can also buy a 2nd/Vacation Home or Investment Properties.
Construction Loan(s)
Build your dream home for as little as $0.00 down. We have products that will
allow you to build your primary residence, vacation home or even an investment
property. You may also build your home yourself.
Major Renovation Loan
Want to add on to your existing home or remodel? We offer a variety of
construction/renovation loans. Homeowners may borrow against the “improved value” of
your property to finance the project. There are many options available call for
details.
Stated/No Ratio/No Income/No Asset Verification & No Doc Loans
Designed for borrowers whose income, assets or employment is difficult to
document or verify. Limited documentation loans initially designed for
self-employed borrowers can now be used for almost any type of borrower. These
programs are usually credit score driven and offer flexibility and opportunity
for a wider range of borrowers.
1 Day out of Bankruptcy
We now have loans for borrowers who are just out of bankruptcy. There are many
options available depending upon borrowers credit score, some loans up to 100%.
Certain re-established credit requirements exist.
Interest Only Mortgages
Interest only loans offer a lower monthly payment requirement but allow for
principal reduction when desired. In a typical mortgage the payment is
comprised of interest and principal commonly referred to as an amortizing loan
payment. The interest only loan requires ONLY the interest amount be paid
monthly. For example if you have a $100,000.00 mortgage and your rate is 6% for
a 30 year fixed rate mortgage, a fully amortizing payment would be $599.55. On
the same loan terms with the interest only option your payment would be 500.00.
In this example by paying the interest only payment your principal mortgage
balance would remain $100,000.
Option ARM Program
The newest and most innovative ARM program available giving the borrower up to 4
payment options monthly. The payments are Interest only, fully amortizing
payment for 15 or 30 years, or a minimum payment which has the potential for
deferred interest.
This is a unique and complex product designed primarily for higher loan amounts
in increasing value markets. The minimum payment can be fixed for up to 5
years, while the interest only payment fluctuates monthly.