Other Loan Options:
We offer a variety of mortgage
programs for
home buyers with particular requirements
or specific circumstances. Getting
a loan
that matches your situation is
important.
Review the specialized loan options
below
and find the one that fits your
needs.
Balloon Mortgages
A Balloon Mortgage is a mortgage
that has
regular monthly payments which
amortize over
a stated term, but call for a
final lump
sum (balloon payment) at the
end of a specified
term. This is a fixed rate mortgage
and the
equal payments are fully amortized.
The amortization
schedule can be set for 15 or
30 years with
a balloon payment due in 5 or
7 years.
No Doc Programs
No Doc Programs are designed
for borrowers
whose income may be more difficult
to verify
(self employed, tips, bonuses,
commissions,
rental income, etc). These people
often have
good assets and good earning
potential, but
they have minimal documentation.
These programs
are typically based on credit
rating only
and the borrower won't be questioned
about
income or assets.
Interest Only ARM Program
The Interest Only ARM was created
for borrowers
who don't have the budget to
immediately
pay their full mortgage payment,
but will
in a few years. Whether the borrowers
will
have a large debt paid off or
will be making
more money in a few years, this
program lowers
the short-term payment making
it more affordable.
The Interest Only payment is
for a set period
of time and then adjusts to a
fully amortized
payment for the remainder of
the loan term.
But, until then, the Interest
Only ARM Program
makes the payment more manageable
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FHA/VA Mortgages
Jumbo Mortgages
Affordable Housing Program
Construction/Rehab Loans
Other Loan Options
Loan Calculator
Loan Comparison Chart
| Fixed Rate Mortgages |
With a fixed rate mortgage, you know exactly
what your principal and
interest payment
will be every month. It
won't change because
your interest rate won't
change.
Learn More
|
| Adjustable Rate |
Adjustable Rate Mortgages (ARMs) offer a
lower interest rate to
start, so your monthly
payments are generally
lower. But, the interest
rate is adjusted at times,
based on an "index". Learn More
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