Loan Programs

Loan Programs

There are many loan programs to fit almost any need. Please call and ask which loan program best fits your situation.


Recommended Programs

Use the information below to choose the best program for your need.

Years you plan to
stay in the house:
Recommended Program(s):
1 - 3 3/1 ARM, 1 year ARM or 6 month ARM
3 - 5 5/1 ARM
5 - 7 7/1 ARM
7 - 10 10/1 ARM, 30 year fixed or 15 year fixed
10+ 30 year fixed or 15 year fixed
15-Year and 30-Year Fixed Rate
Payment and rate stay the same from start to finish plus tax.
HARP 2.0

If you owe more than your house is worth and have kept your payments current, you may qualify for this program.

Adjustable Rate Mortgage (ARM)
Lowest start rate Adjusts every 12 months depending on program.
3/1, 5/1, 7/1 and 10/1 Fixed Rate
Rate is fixed for the first 3, 5, 7 or 10 years, then shifts to an adjustable rate mortgage (ARM).

If you don't have a lot of money for a down payment, you can purchase a property for as little as ZERO down payment. 

Which Program is best for me?

Here are a few things to keep in mind when selecting a loan program.

15-Year and 30-Year Fixed Rate
Advantages:   Disadvantages:
Maximum interest deduction for taxes, sometimes easier to qualify, stable predictable payments, high loan to value, lower down payment, possible secondary financing if needed.
Pay more interest over the life of the loan, higher starting interest rate, Lower debt ratio (Larger Income to qualify) Higher monthly payment.

HARP 2.0
Advantages:   Disadvantages:

You can lower your interest rate and sometimes will not even need to pay for a new appraisal.  You can eliminate mortgage insurance which will lower your monthly payment.



Adjustable Rate Mortgage (ARM)
Advantages:   Disadvantages:
Lower starting rate than 30 year fixed. Great for refinancing from a higher rate use when you plan a move in 5-7 years. Some are convertible to 30-yr fixed or a treasury ARM, low fees, good rates.
Loan Balance Due can Change Long Term Financial Planning If You Plan to Live There Over 7 Years.

  Contact Info
Mortgage Loan Officer

phone. 800-573-7394 

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