Home Page About Us Loan Officers Apply Online Calculators Products Home Value Finder Contact Us	products Fixed Rate A fixed rate mortgage may be just what you are looking for if you like the idea of stability. It can be a lot easier to budget your money when you know your mortgage interest rate isn't going to change every year. Plus, we offer you a lot of options to customize a fixed rate loan to your needs. Loan amount too high? We offer jumbo loan programs for the homeowner who wants the security of a fixed rate loan and whose loan amount exceeds the "conforming" loan limit. Need the biggest tax break available? Stick with a 30 year term. Kids headed for college in the next decade or so? Maybe a 15 year term would suit you better. Interested in paying your loan off early -- but as painlessly as possible? Check out our Bi-Weekly Mortgage Payment Plan. Would you like to ease into homeownership? Look into our Temporary Buydown options, like the ARM Alternative . Whatever your situation, we can work with you to make sure you get the perfect loan for your lifestyle!   ARMs We offer a wide range of ARM products, all the way from our One Year ARMs to our 10 Year ARM loans. Those ARMs with periods between interest rate changes of more than 1 year are typically referred to as Intermediate ARMs. Intermediate ARMs can offer the best of both worlds - a lower initial rate than a fixed rate mortgage but also the stability of a fixed rate for a specified period of time. You also retain the opportunity to benefit from any declines in interest rate levels. We also offer The COFI (or cost-of-funds-index) ARM which is is an adjustable rate mortgage based on the 11th District Cost of Funds, a particularly stable interest rate index. Not only are interest rates tied to this index historically less volatile than those tied to Treasury securities, the start rate for this product is one of the lowest available. In addition, many loan programs permit the use of temporary buydowns. A temporary buydown is a reduction in the interest rate you actually pay on your loan for a stated period of time.   Affordable Housing We offer a wide variety of mortgage loan products customized to meet the various obstacles to homeownership faced by our customers. These unique programs can help overcome obstacles such as: Lack of cash for closing - Low-income individuals Qualifying guideline flexibility Homebuyers without established credit history Affordability - below-market interest rates available in many markets Credit problems - credit counseling available We also work with various non-profit housing agencies in many of our markets that provide gift funds to first-time homebuyers who meet their eligibility guidelines. Such programs provide gift funds for down payment and closing costs assistance. This lowers the total cash required from the homebuyer's own funds for the purchase of their new home.   Special Needs We know that homebuyers come in all shapes and sizes, with all kinds of financial histories and saving patterns. That's why we offer non-traditional loans to help our customers realize their goal of owning a home. Example of these products include: Combo Mortgage (1st / 2nd): Borrowers often use this product to avoid jumbo financing, which carries a higher interest rate than conforming and or loan amounts. This product also eliminates MI requirement in most cases - saving money at closing AND in your monthly payment FHA 203K: Allows you to borrow against the value of your home after you make repairs Lot loans: For single-family lot acquisition loans when the purpose is to construct a new primary residence on the site within one (1) to three (3) years. Construction - Permanent Loans: For borrowers who choose to finance the construction of their home by a reputable builder, desire to build a major addition to their home or want to make major renovations. No Income Verification Program: A fixed rate loan program designed specifically for self-employed, non-salaried or commissioned borrowers as well as salaried borrowers. This program eliminates the need to verify earned income, although assets and unearned income must still be verified. No Ratio Program: A fixed rate loan program designed specifically for those borrowers with a strong asset base and the demonstrated ability to make mortgage payments on a timely basis. The program eliminates any reference to income and debt to income ratio qualification. No Doc Program: A fixed rate loan program designed specifically for those borrowers with excellent credit who wish to avoid the documentation or verification of employment, income and assets. Since there is no reference at all to income or assets, no qualifying ratios are calculated. Alternate Documentation: Instead of relying on verification forms that need to be sent out to creditors, landlords, employers and others, it uses information that the borrower can provide to us directly. Foreign National: For individuals with foreign citizenship allowed to be in the United States for personal or business purposes and are purchasing a second home. Non-Permanent Resident Aliens: For foreigners who reside in the United States on a temporary basis and have documentation of a government issues work visa [JV Company] offers conforming and jumbo loans.   FHA / VA FHA-insured mortgages are in high demand because of the many advantages they hold for homebuyers and refinancers, among them assumability, low down payments and liberal qualifying ratios. Also, FHA borrowers do not have to meet maximum income qualifications, as with many other government programs. Maximum loan amounts, however, are set by region across the country. As a benefit to veterans, the Department of Veterans Affairs guarantees repayment of loans made to veterans with no down payment in most cases and liberal qualifying guidelines. This makes it easy for veterans to finance their homes. The FHA and VA programs are good for borrowers with a need for: Low Cash to Close Home Affordability Convenience Easy Qualification Speed * All products are not available in all geographic locations. Contact us to see what is available in your area. Products offered subject to change without notice.
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