Fixed-rate mortgages helps our borrowers Obtain the security of a stable monthly payment throughout the life of the mortgage. Leverage fixed-rate mortgages to build equity more quickly, or take advantage of a lower monthly payment with a fixed-rate mortgage. Choose from a variety of home financing options, for a variety of property types, to meet individual financial circumstances. LTV as high as 97% for first time home buyer.

If you currently have a FHA loan you may be able to save money by taking advantage of the FHA Streamline Refinance Program.

Through this program you may be able to get a reduction to your interest rate, a decrease in your monthly MI fee, or possibly both of these things. Some of the key features/requirements of this program are as follows:

• NO appraisal is required
• Mortgage to be refinanced must be a FHA loan (fixed-rate & ARMs are allowed)
• You must be current (not delinquent) on the existing FHA loan
• Primary residences, Second homes, and investment properties are eligible
• You cannot take cash out with this program

Our cash-out refinance mortgage offers flexibility and variety so you can meet a diverse range of borrower needs: obtaining cash for home improvements, reducing a rate and monthly payment, paying off a purchase money junior lien used for any purpose, or paying off a leasehold interest. Plus, all related closing costs, financing costs and prepaid items can be rolled into the new loan amount, further maximizing your borrower's cash flow potential.

Cash-out mortgages helps you:

• Meet the needs of more refinance borrowers looking to leverage their home equity for a variety of purposes
• Improve efficiencies using Loan Prospector
• Retain more of your customer base in refinance markets.
• Meet the needs of borrowers with special circumstances using the special purpose cash-out refinance option

Investment Property Mortgages help your borrowers:

• Obtain flexible financing options for qualified investment-oriented borrowers
• Leverage a variety of mortgage product types to further customize home financing to individual cash flows and financial situations

Conventional mortgages are your standard traditional mortgage. They are not insured or guaranteed by the government like FHA, VA, and USDA. Fixed rates and adjustable rates are available; however fixed rates are the norm in today’s lending environment

With 20% down you will not have any monthly mortgage insurance and there are no funding fees like there are on government loans. However, with a down payment less than 20% you will incur monthly mortgage insurance premiums (you can put as little as 3% down)

Interest rates vary quite a bit on conventional loans since they are not guaranteed by the government. Credit score and loan to values play a huge part in the rate you will receive. This product has the opportunity to earn the most competitive rates and closing costs

Whether you’re looking to save money on your current mortgage, want to reduce your monthly mortgage payments, or perhaps convert some of the equity you have in your home into cash, a refinance loan may be a great option for you.

We have several refinance programs available that may help you achieve any one of the goals you set forth. Which refinance program is best suited for your situation depends on a variety of things, including factors such as your current interest rate, the type of mortgage you have, the market value of your home, and several other factors. Each loan is a finger print specific to your needs.

First time home buyers

As a first time home buyer you have the options of FHA or Conventional with as little as 3% for your down payment.

FHA Loans are a great way to save money on your home purchase or refinance. Because these loans are insured through the federal government, FHA mortgages are easier to qualify for than conventional home loans.

The biggest benefit of an FHA loan is the ability to put a smaller amount of money down. Buyers using this financing can put as little as 3.5% down towards their home purchase. FHA loans now carry a 1.75% FHA funding fee that may be rolled into the loan. FHA borrowers are charged monthly mortgage insurance in addition to the upfront fee. FHA loans come with very competitive interest rates and are not as strict with their credit score requirements as conventional loans are. This means lower rates for a broader range of borrowers.

The USDA Loan program allows buyers to purchase a primary residence without a down payment while obtaining a favorable interest rate. USDA interest rates are sometimes lower than other loan programs.

The primary advantage to this program is that the borrower doesn’t pay monthly mortgage insurance, making the monthly payments more affordable. USDA does charge an annual service fee of 0.5% of the total loan amount. This fee is paid monthly, with the monthly payment amount equating to 1/12th of the annual fee. USDA also charges an upfront funding fee of 2.0% of the loan amount. This is a one-time fee that can be rolled into the loan.

This program can be used on primary residences in qualifying areas. Income limits apply to USDA mortgages and unlike other loan programs daycare expenses and other allowable expenses may be deducted from your monthly income to help you qualify. Your Mortgage Banker will determine whether you are in a qualifying area and can calculate your income to make sure you are eligible.

VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if the borrower fails to repay the loan. In most cases no down payment is required and the borrower usually receives a lower interest rate than is ordinarily available with other loans.

Possible advantages of the VA loan program include:

• No private mortgage insurance required
• No pre-payment penalties
• Counseling and assistance is available to veteran borrowers having financial difficulty or facing default on their loan, and many others

Although mortgage insurance is not required, VA charges an upfront funding fee to issue the guaranty. This fee is typically financed into the loan amount but may also be paid in cash by the buyer or seller.

A VA loan can be used to buy a home, build a home and even improve a home with energy- saving features such as solar or heating/cooling systems, water heaters, insulation, weather- stripping/ caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA.