Properties differ and so do the financial needs of our clients. We offer a wide array of loan products to fit your mortgage loan borrowing needs:
Conventional conforming 10, 15, 20, 30, and 40 year fixed rates
These loans offer the predictability of a fixed payment and should be considered if you are on a tight or fixed budget and don’t want to risk a payment increase.
3, 5, and 7 year adjustable rates
ARM loans usually begin at a lower rate than fixed rate loans which help you qualify for a larger loan, but since the rate is adjusted periodically based on the program you choose, the payments may fall or rise accordingly. Therefore, if you are confident your income will increase to handle possible increases in monthly payments and if you expect to own your home no more than four years, an ARM product may be right for you.
Combo loans providing up to 85% financing
The combo loan lets you avoid making mortgage insurance payments and saves you money over the life of the loan. If you can afford a higher monthly payment, choose a 15 year second mortgage which will build equity faster. When your second mortgage is paid off, you’ll just have one monthly payment to make. Fixed rate mortgages or adjustable rate mortgages are available for both the first and second mortgage products.
Jumbo loans
We can provide a wide array of mortgage loan products that may exceed the current conforming loan amounts. Loans that exceed the following amounts would be considered jumbo loans:
1 unit > $417,000
2 units > $533,850
3 units > $645,300
4 units > $801,950
Construction loans with simple rollover to the permanent loan
This product allows you the convenience of having one lender take care of both your construction financing needs and your permanent financing, while saving money on your closing costs and time.
Some of the other mortgage loan features we can provide are:
extended rate lock
extended rate lock with float down option (rate cap)
