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| Fixed Rate Conventional |
| Adjustable Rate Mortgages - ARMs |
| 100% Financing |
| Low Doc / No Doc Loans |
| One-Time Close Construction Financing |
| Home Equity Line of Credit / 2nd Mortgage |
| Jumbo Loan |
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Fixed Rate Conventional
Conforming Fixed loans are the "vanilla" of the mortgage market. A simple well understood product, which affords competitive long-term rates. Conforming Fixed is your benchmark for any creative financing package, and by far, the mortgage industry leader.
Borrower Profile
*Wanting the security of stable, fixed mortgage payment
*Plan to stay in their home for the long term
*Have a conservative approach towards financing
*Looking for a fast, simple mortgage
Maximum Amount: $417,000
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Adjustable Rate Mortgages - ARMs
Our ARMs provide a fixed payment during the early years of a mortgage. After the fixed introductory period, these loans adjust based on the market index plus the current margin.
Borrower Profile
*Relocating borrowers seeking short-term security
*First-time homeowners looking to move up, yet unsure of how long they'll stay in their new home
*Borrowers who would normally prefer a fixed-rate loan, but are tempted by the lower rates available on ARMs
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100% Financing
Flex 100 and Flex 80/20 are no down payment loans for borrowers with no money in the bank but very good credit histories. With no down payment and the ability to use non-traditional sources for closing costs and prepaid items, ideal for first-time buyers.
Borrower Profile
*Limited Assets
*Does not want to liquidate funds
*Strong credit profile
*Trying to avoid paying rent, but no time to save for a down payment
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Available in Fixed or ARM Amortization |
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Low Doc / No Doc Loans
Borrower Profile
*Prefer not to document their income level
*Terrific credit but limited assets or an asset base that obviously demonstrates an income higher than report
*Self-employed, salaried, and retired borrowers
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Available in Fixed or ARM Amortization |
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One-Time Close Construction Financing
Borrower Profile
*Wants to build a new home without paying for two closings
*Prefer to know the terms of your long term financing at the time construction begins
*Needs the flexibility of choosing a niche product for financing
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Home Equity Line of Credit / 2nd Mortgage
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Jumbo Loan
Jumbo loans are loans $417,001 and greater. Jumbo loans are available in Fixed Rate or ARM amortization.
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