FHA Mortgages - these are government insured loans. They are either fixed rate or adjustable. FHA loans have many advantages, such as lower down payment, higher qualifying guidelines. FHA 203k Mortgages - These very specialized loans allow a borrower to close title on a home and to simultaneously receive money to complete a minor or major rehabilitation of the subject property. Fixed Rates Mortgages -A fixed rate mortgage product offers our borrowers the stability of guaranteed principle and interest payments over the life of a loan. The loan terms range from 10, 15, 20 to a full thirty years. Save interest by selecting a shorter term. Adjustable Rate Mortgages - The interest rate and mortgage payment are subject too change during the course of the loan. Often times you can receive a lower rate in the earlier years of a loan. Adjustment periods range from 1 year, 3/1, 5/1, 7/1 and 10/1. In the previous products the interest rate is fixed for the first period, then adjusts annually thereafter. Adjustable rate mortgages have interest rate caps which limit the amount of change, either upward or downward, each year, as well as over the life of the loan. Balloon Mortgages - The interest rate is fixed for a period of five or seven years. Thereafter the entire unpaid principle balance is due. VA loans - If you have served in the armed services you may be entitled to a VA loan. A major advantage is zero downpayment. Sub prime loans - We offer a wide variety of loans for borrowers with less than perfect credit. Limited verification loans - We offer loan products for which we do not verify the income, employment, or assets of borrowers. 24 Month Statement Loans - If you get paid in cash, collect a lot of tips, or for any other reason, can't document your income. A 24 month average of deposits in your bank statements is the same as fully documented income. If you are a small business owner, and put all your receivables into your business bank account, you can also use a 12 month average of these deposits to qualify for a loan. Always pay your mortgage on time, but had problems with your credit cards? We offer a mortgage credit rating only program. Stop Foreclosure proceedings. Bankruptcy proceedings can be discharged in as little as 1 day. Loan programs are available for non-approved condo projects. 100% to 107% financing on single-family owner occupied homes. 100% financing available for self-employed borrowers with good credit profiles. Foreign Nationals can buy a house in this country with 25% down. Must show credit history in this country and your country of origin. Commercial loans - We offer a wide variety of financing for almost all types of commercial properties including apartment buildings and mixed use properties. Investment Property or Second Home with as little as 5% down. For more information, please call us 1 800-772-2267 or email us.
|
