We Offer an extensive Product Line for your Purchase or Refinance. We also offer Home Equity Lines of Credit:
Fixed rate loans offer a fixed monthly payment for the entire term of the loan. For example, a 30 year fixed rate loan offers a fixed payment amount for the entire 30 year term. Of course any real estate taxes, insurance or association dues are separate.
Adjustable rate loans a 30 year terms with an initial fixed rate period. For example, a 5/1 Arm has a fixed rate and payment for the first 5 years, after that time the rate can adjust and the monthly payment can also go up or down.
FHA loans are government loans which allow flexible underwriting including a low down payment of 3.5%. FHA loans come in either a fixed rate or adjustable rate.
Jumbo Loans are loans over $484,350. We offer extremely competitive rates for Jumbo Loans up to $8,000,000. Our rates typically will be lower than a traditional local bank because we work with lenders who specialize in Jumbo Residential lending. We are EXPERTS in Jumbo Lending and working with a HIGH NET WORTH CLIENT who may be self-employed.
The government’s Home Affordable Refinance Program has been expanded to help more homeowners qualify for refinancing their mortgage. Even those with little or no equity available may take advantage of low interest rates, and other refinancing benefits.
Our Portfolio Loans provide Jumbo Loans up to 90% of the value of your home. These types of loans may offer much lower rates than a traditional loan and may also have more flexible guidelines which may help a borrower qualify for a loan that traditional lenders may not approve.
We have several Home Equity Lenders and offer up to 89.99% of your home’s value for purchase transactions. We also offer “piggyback” loans which can help avoid MI and also avoid the Jumbo Loan threshold of $422,100.
Reverse Mortgages are loan products for individuals over the age of 62. The loan available is based upon the age of the borrower and the appraised value of the home. Other restrictions may apply, however, No Payments are required until the death of the borrower. There is No Credit or Income qualification to obtain this type of loan