30- & 15-year terms are all available with fixed rate.
Buy a home with as little as 5% down (primary home).
Refinance up to 95% of your primary home's value.
Monthly payments remain the same for the entire loan term.
3/1, 5/1, and 7/1 ARM's. Monthly payments based on a 30 year repayment schedule.
The rate stays fixed for the first 3, 5, or 7 years (depending on chosen term), and then adjusting annually thereafter.
3.50% minimum down payment required on purchase.
Minimum credit score usually 620.
Post-bankruptcy qualifying - 2 years after.
Post-foreclosure qualifying - 3 years after.
Competitive interest rates that are routinely lower than conventional rates.
Sellers can pay up to 6 percent of closing costs and concessions.
Higher allowable debt-to-income ratios than for many other loans.
Down payment as low as 0%.
FHA / VA Energy Efficient Mortgage (EEM) Program
up to 5% of the purchase price of your home can be used for Energy Efficient Improvements
VA Financing under this program allows up to $6,000.00 for Energy Efficiency Improvements
No additional credit qualifying required.
ability to lend 100% of the property purchase price
maximum of 4% of the loan amount for closing costs
home buyer has an option to finance up to 104% of the purchase price
Fixed Rate or Adjustable options
Monthly payment is not required
Lifetime Monthly Income is an option
Line of Credit option provides a “safety net” for the unexpected