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Fixed Rate Mortgages A Fixed Rate Mortgage ensures that your payments will stay the same over the life of the loan. This has the obvious advantage of enabling you to calculate your monthly expenses without worrying about fluctuations in your mortgage payments over time. FHA Home Loans FHA loans have low down payments of 3.5%, low closing costs and easier credit qualifying. Adjustable Rate Mortgages Sometimes it is more important for you to have a lower initial rate, resulting in a lower payment, so that you will be able to qualify for the home you have chosen. Perhaps you plan to move in a few years and are not concerned about possible interest rate increases. Maybe you are confident that your income will increase enough in the coming years to compensate for periodic increases in your interest rate, and subsequently larger mortgage payments that accompany an Adjustable Rate Mortgage Loan (ARM). VA Loans A US Department of Veteran’s Affairs (VA) Loan allows qualified veterans to buy a house without a down payment. Additionally, the qualification guidelines for VA Loans are more flexible than for either FHA or Conventional Loans. For qualified veterans, this can be a very attractive option. JUMBO Home Loans If a conventional loan falls within Fannie Mae’s and Freddie Mac’s loan limits, it is referred to as a Conforming Loan. If the loan amount exceeds the maximum permissible loan amount of these two agencies, it is called a JUMBO, or Non-Conforming Loan. Down Payment Assistance Loans Situations can arise where the buyer can qualify for a loan but does not have enough for a down payment. In these instances, there are programs available through local and state agencies that can help procure funds for the down payment. Reverse Mortgages A Reverse mortgage or HECM is a type of home equity loan for older homeowners. It does not require monthly mortgage payments. The loan is repaid after the borrower moves out or passes awaye from the sale of the home. Commercial Loans We can help you finance apartment buildings, mixed use buildings, and industrial buildings. We can also provide bridge loans when needed. Hard Money Loans We can provide funds for Rehab/ Renovation, New Construction, Condo Conversion & Development, Land Development & Subdivision, Change of Use and Short-Term Bridge Loans for residential and commercial properties.
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