Programs
We understand you have options. Our goal, which we meet time and time again, is to be your cheapest option. Mortgage rates lower than any other lender with the service and respect you deserve.

Loan Programs

Number of Years You Plan To Stay In the HomeRecommended Program
1-3 Years30 Year FIXED, 20 Year FIXED, 15 Year FIXED, All FIXED Programs are highly recommended by us. Our FIXED Rate Programs have NO Pre-Pay Penalties.

Also available is a Reverse Mortgage (HECM), 7/1 ARM, 5/1 ARM, 3/1 ARM, 1 year ARM or 6 month ARM
3-5 Years30 Year FIXED, 20 Year FIXED, 15 Year FIXED, All FIXED Programs are highly recommended by us. Our FIXED Rate Programs have NO Pre-Pay Penalties.

Also available is a Reverse Mortgage (HECM), 5/1 ARM
5-7 Years30 Year FIXED, 20 Year FIXED, 15 Year FIXED, All FIXED Programs are highly recommended by us. Our FIXED Rate Programs have NO Pre-Pay Penalties.

Also available is a Reverse Mortgage (HECM), 7/1 ARM
7-10 years30 Year FIXED, 20 Year FIXED, 15 Year FIXED, All FIXED Programs are highly recommended by us. Our FIXED Rate Programs have NO Pre-Pay Penalties.

Also available is a Reverse Mortgage (HECM), 10/1 ARM
10+ years30 Year FIXED, 20 Year FIXED, 15 Year FIXED, All FIXED Programs are highly recommended by us. Our FIXED Rate Programs have NO Pre-Pay Penalties.

Also available is a Reverse Mortgage (HECM).
Loan ProgramAdvantagesDisadvantages
Fixed Rate Mortgages:

30 Years Fixed

20 Years Fixed

15 Years Fixed
Monthly payments are fixed over the life of the loan.

Interest rate does not change.

Protected if rates go up.

Can refinance if rates go down
Ability to pay loan off or refinance at any time with no penalties.
None.
Adjustable Rate Mortgages (ARM)

10/1 ARM

7/1 ARM

5/1 ARM

3/1 ARM

1 Year ARM

6 Month ARM

1 Month ARM
Lower initial monthly payment.

Rates and payments may go down if rates improve.

May qualify for higher loan amounts.

30 year term, no balloon payment.
More risk.

Payments may change over time.

Potential for higher payments if rates increase.
Balloon Mortgages

Unavailable.
Unavailable.Unavailable.
First Time Buyer Programs
Lower down payment.

Easier to qualify.

Lower rates may be available.
May be subject to income and property value limitations.

Some government subsidized programs may generate a recapture tax if you sell the house too soon.

Education courses may be required to qualify for these loans.
Stated Income ProgramsNo need to verify income.

Faster approval.

Good for borrowers who may not qualify with a full income documentation program.
Could have slightly higher rates in some cases.
Interest Only ProgramYou have several payment options
Lower monthly payments.

Qualify for a higher loan amount.

Qualify at the interest only payment.

Option to pay the full normal payment.

Interest only payments for up to ten years.
Slightly Higher rates.

Principal loan balance will not decrease during the interest only payment period.

Payment will be higher for the remaining term.
No Point, No Fee ProgramsClosing costs are paid from the lender rebate.

Refinance without increasing your loan amount.
Slightly higher rates.
Imperfect Credit ProgramsPotential for reestablishing credit if you pay your mortgage on time.

When used for debt consolidation, you may be able to reduce your monthly debt payment.

Even with imperfect credit there are lower rates available to help you.
Could have slightly higher rates but not in all cases.
Home Equity Line of CreditYou only borrow what you need.

Pay interest only on what you borrow.

Flexible access to funds.

Interest may be tax deductible.

May be free of closing costs.

A good source for an emergency fund, if set up in advance.

Can be used for debt consolidation and lower payments.

Rates are usually lower than consumer loan or credit card rates.
Rates can change. The maximum interest rate can be relatively high.

Payments can change.

Harder to refinance your first mortgage.
Reverse Mortgage (HECM)You are no longer required to make a mortgage payment.

HUD Insured.

You will never owe more than the value of the home.
Family members may disagree because they do not fully understand the program.

You will lose equity the longer you keep the loan.

In addition to our standard loan programs, you may benefit by obtaining one of our many special programs:

  • Special programs now available for low credit score homeowners.
  • Purchase your home with as little as 3.5% down.
  • Debt Consolidation Programs
  • Home Improvement loans.
  • You may qualify even if you’ve been turned down before!
  • Apply now or, call Toll Free: 1-888-601-8344

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