Fixed Rate Mortgages (FRM)
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.
Hybrid ARMs (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)
Hybrid ARM mortgages combine features of both fixed-rate and adjustable rate mortgages and are also known as fixed-period ARMs.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
We offer a unique product - A Physician Loan, available only to medical doctors, dentists, and veterinarians.
One Time Construction Loans
The One-Time Close (OTC) or "single close" option allows a borrower to finance the purchase of a building lot, any needed site improvements, and construction f a new manufactured, modular, or site-built home into one low-rate loan. No need for them to re-qualify or get the property re-appraised.
Manufactured Housing Loans
Many lenders are trying to enter this space. But with our decades-long experience, we have the know-how to help you offer a wide variety of manufactured housing loan options. With available programs that include FHA, Fannie Mae, and Freddie Mac financing options, and USDA loans, we can help you finance your manufactured housing project
Renovation (203(k) & HomeStyle) Loans
These types of loans give borrowers the ability to finance costs for everything from small repairs and simple updates to large-scale renovations into one low-rate mortgage!
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specified period of time.
Components of an ARM
Prior to choosing a home loan, you should know the advantages and risks of adjustable-rate mortgages to make an informed, prudent decision.
Commonly Used Indexes for ARMs
This article includes a list of the most commonly used indexes by ARM lenders that affect ARM mortgage rates.
Balloon mortgages include a note rate that remains fixed initially, and the principal balance becomes due at the end of the mortgage term.
Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home.
Graduated Payment Mortgages
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and becomes fixed for the remaining duration of the loan.
What kind of loan program is best for you?
Should you get a fixed-rate or adjustable rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer.