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| A Low cost loan or a No cost loan |
| 30 Year Fixed Conforming |
| 20 Year Fixed Conforming |
| 15 Year Fixed Conforming |
| 15 Year fixed Jumbo |
| 30 Year Fixed Jumbo |
| 5/1 Arm and 7/1 Arm Jumbo |
| VA Loan program |
| FHA Mortgage - The product for everyone |
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A Low cost loan or a No cost loan
The lending landscape has changed and we have adapted. Compared to full mortgage costs a couple of years ago we either offer a low cost mortgage or when possible a little to no cost mortgage.
The low cost loan no longer has many different fee's to sort through. Typivcally you wil only see an underwriting fee, processing, Title charge and State tax where applicable.
The little to no cost loan allows our clients to take a slightly higher interest rate and the lender will pay most or all of the costs for you. While in the long run the lowest rate is usually the best return. There are many reasos to have a little to no cost loan.
Both options can acheive you mortgage goals, we will help advise you to which may be the best fit for you.
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30 Year Fixed Conforming
This loan has been the mortgage of choice for most homeowners. A stable payment, with a guaranteed rate for the life of the loan.
Term: 30 years
Maximum Amount: $417,000
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20 Year Fixed Conforming
A great program designed to offer interest savings while keeping payments closer to a 30 year schedule.
Term: 20 years
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15 Year Fixed Conforming
This loan has a shorter payoff period thereby saving thousands of dollars in interest.The best loan for a borrower who doesn't mind higher payments in order to save in the long term.
Term: 15 years
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15 Year fixed Jumbo
A good program for a borrower that wants to pay-off a loan while enjoying a stable rate. Huge interest savings when compared to a 30 year fixed pay-off.
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30 Year Fixed Jumbo
Great program for a borrower that needs the certainty of a stable payment.
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5/1 Arm and 7/1 Arm Jumbo
The 5/1 arm and 7/1 arm product allows for an extremely low interest rate for the jumbo product.
Interest only is available on these products as well for more control over your cash flow
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VA Loan program
A VA mortgage allows the borrower to finance 100% of the home's value and purchase with $0 down. Other loan programs require 5-20% down and the VA home loan is one of the only no-money-down loans available today.
A VA-backed loan doesn't require private mortgage insurance (PMI) to be paid by the borrower, making monthly payments smaller. Borrowers will also get lower and competitive interest rates with VA home loans, and with stricter qualification requirements, 8 out of 10 of veterans and active-duty military members could not have qualified for a conventional loan. The VA Loan program is tailored for military families and their unique situations
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FHA Mortgage - The product for everyone
The FHA loan isn't just for first time home buyers. The FHA has become a powerful product to help all home owners get a fantastic interest rate at record lows to make their goals possible. The FHA loan will go to 97.5% of the homes value on a refinance and 96.5% of the homes value for a purchase. The higher loan to value allows our clients to still save a significant amount of money due the the record low interest rates even if their home doesn't appraise as high as hoped.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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