Conventional Fixed Rate Mortgage

You can choose a mortgage with an interest rate that is fixed for the entire term of the loan. A fixed-rate loan gives you the security of knowing that your interest rate and monthly payment will never change during the entire term. You can get a fixed rate mortgage for a term of 10,15,20,or 30 years.

Adjustable Rate Mortgage (ARM)

The interest rate on an ARM will vary during the life of the loan, adjusting up or down. This will consequently make a difference in your mortgage payments. The ARM interest rate remains constant for a starting period of 1,3,5,7, or 10 years (dependant on the ARM term chosen), after which time the interest rate can change. The maximum amount your interest rate can adjust is 2% per year with a maximum cap of 5% over the lifetime of the loan. What's the advantage? The interest rate starts out lower than a fixed-rate product, helping you to qualify easier and offering a lower monthly payment.

FHA (Federal Housing Administration Loan)

The Federal Housing Administration insures this loan. It allows a buyer to purchase a home with as little as 3% down and is easy to qualify for. A family member can pay 100% of the down payment and closing costs as a gift. 30- and 15-year fixed rates, as well as a one-year ARM are available. There are maximum loan amounts depending upon the area in which the home is located. FHA approves these amounts for each county based on average home prices.

Sub-Prime Mortgage

For borrowers with less than perfect credit, we offer sub-prime loans. These loans have slightly higher interest rates and require a minimum down payment of 10%. The sub-prime loan is a great solution for those who want to purchase or refinance a home while working to improve their credit.

Portfolio Mortgage

For loans that don't "fit" into conventional programs, but make sense for borrowers, our 30-year fixed, one-year, three-year, or five-year adjustable rate "in-house" programs provide the flexibility you need.

VA (Veterans Administration Loan)

This loan is available to eligible Veterans only. The Veterans Administration Services insures this loan and allows individuals who have served in the armed forces to obtain a loan for 0% downpayment, making it relatively easy to qualify. Proof of DD214 and Certificate of Eligibility are both needed. Although this is a zero-down program, borrowers are responsible for closing costs and prepaid items. There is also a one-time VA funding fee, which can be added into the mortgage amount. The seller can pay for these fees; however, the total fees paid can not exceed 4% of the purchase price and this must be stated in the purchase agreement. For example, a purchase price of $80,000 would allow $3,200.00 to be paid by the seller.