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Loan Programs Find a loan officer
Fixed-Rate Mortgages
A fixed-rate mortgage means the interest rate and principal payments remain the same for the entire life of the loan.
Advantages include consistent principal and interest payments make this loan stable your rate won't change, so you don't need to worry about market fluctuations. A good choice if you're likely to stay in this house for a long time.
Disadvantages include a possibly higher cost. These loans are usually priced higher than an adjustable-rate mortgage.
30 Year Fixed-Rate Mortgages offer consistent monthly payments for the entire 30 years you have the mortgage. So if the market is good, you can benefit from locking in a lower rate for the full term of the loan. The best choice if you're looking for a long-term, stable loan. Available in 5 year increments (10, 15, 20, 25 or 30). Back to Top
Adjustable-Rate Mortgages
An adjustable-rate mortgage (ARM) means that they interest rate changes over the life of the loan, according to the terms specified. With ARMs:
- The initial interest rate is usually lower than with a fixed-rate mortgage.
- The monthly repayment would also be lower
- The interest rate may be adjusted (up or down) at predetermined times.
- The monthly payment will then increase or decrease
- Example of 3/1 ARM: fixed 3 years at % rate and adjusts every year after
Most ARM programs do offer "rate cap" protection, which limits the amount the rate can be increased, both each year and over the life of the loan. All ARMs are amortized over 30 years. (Available 1, 3, 5, 7, and 10 years)
Advantages include lower costs- ARMs are usually priced lower than fixed-rate mortgages so you can increase your buying power and lower your initial monthly payments. If interest rates go down, you'll enjoy lower payments. Usually an ARM is the best choice for first time home buyers who plan on living at the property for three to five years.
Disadvantages include the possibility of increasing monthly payments if interest rates go up.
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Programs
- All Conventional Loans (Fixed and ARMS)
- All Jumbo Loans (Fixed and ARMS)
- FHA and VA-
- Construction to Permanent Loans
- Land or Lot Loans
- 1, 3, and 6 Month MTA, LIBOR and COFI Loans with 4 payment options
- Non-Owner Occupied (100% for qualified buyers)
- 100% no M/I
- Interest Only Loans (Fixed and ARMS)
- Stated Income
- No Income Verification/No Income No Asset/No Document
- Tough Credit and Bankruptcy (B/C Paper)
- Self Employed- 1099 Only Program
- And More!
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