Loans What we offer

• A loan is considered to be a jumbo loan if the amount borrowed is greater than $484,350 for all states—except Hawaii and Alaska, where it is $726,525

There are several different types of plans for a Jumbo Loan. We offer :

• 30 year fixed
• 15 year fixed
• 5/1 ARM, 7/1 ARM, 10/1 ARM (Adjustable Rate Mortgage)
• Interest Only

Description

This type of loan has monthly payments that remain the same for the entire loan term after which time the loan is paid in full. The monthly payment is based on an interest rate which does not change over the term of the loan (hence the term "fixed rate").

Benefits

• Stable Monthly Payments

Description

This type of loan has monthly payments that are based on a 30 year repayment schedule. The rate stays fixed for the first 5, 7, or 10 years (depending on chosen term), and then adjusts annually thereafter. The rate in which it adjusts to will be based on the index it is tied to and the margin. Because the interest rate can change after the fixed period, the monthly payment may also change.

As an example a 5/1 arm would have a fixed interest rate for the first five years and adjust annually thereafter for the remaining 25 years.

Benefits

• Lower payments than fixed rate mortgages during initial fixed period.
• Short term plans for ownership.

• A loan is considered to be a Super Conforming loan if the amount borrowed is greater than $484,350 for a single family residence.

There are several different types of plans for a Super Conforming Loan. We offer :

• 30 year fixed
• 15 year fixed
• 5/1 ARM, 7/1 ARM, 10/1 ARM (Adjustable Rate Mortgage)
• Interest Only

Description

This type of loan has monthly payments that remain the same for the entire loan term after which time the loan is paid in full. The monthly payment is based on an interest rate which does not change over the term of the loan (hence the term "fixed rate").

Benefits

• Stable Monthly Payments

Description

This type of loan has monthly payments that are based on a 30 year repayment schedule. The rate stays fixed for the first 5 or 7 years (depending on chosen term), and then adjusts annually thereafter. The rate in which it adjusts to will be based on the index it is tied to and the margin. Because the interest rate can change after the fixed period, the monthly payment may also change.

As an example a 5/1 arm would have a fixed interest rate for the first five years and adjust annually thereafter for the remaining 25 years.

Benefits

• Lower payments than fixed rate mortgages during initial fixed period.
• Short term plans for ownership.

• A loan is considered to be a Conforming loan if the amount borrowed is less than or equal to $484,350.

There are several different types of plans for a Conforming Loan. We offer :

• 30 year fixed
• 15 year fixed
• 5/1 ARM, 7/1 ARM, 10/1 ARM (Adjustable Rate Mortgage)
• Interest Only

Description

This type of loan has monthly payments that remain the same for the entire loan term after which time the loan is paid in full. The monthly payment is based on an interest rate which does not change over the term of the loan (hence the term "fixed rate").

Benefits

• Stable Monthly Payments

Description

This type of loan has monthly payments that are based on a 30 year repayment schedule. The rate stays fixed for the first 5 or 7 years (depending on chosen term), and then adjusts annually thereafter. The rate in which it adjusts to will be based on the index it is tied to and the margin. Because the interest rate can change after the fixed period, the monthly payment may also change.

As an example a 5/1 arm would have a fixed interest rate for the first five years and adjust annually thereafter for the remaining 25 years.

Benefits

• Lower payments than fixed rate mortgages during initial fixed period.
• Short term plans for ownership.

We Also Offer:
• FHA Loans
• VA Loans
• Reverse Mortgage Loans
• Hard Money Loans
• Commercial Loans
• Reduced / Alternative Doc Loans

If you are interested in learning more about these loans, please contact us!

Contact Us Today!