Whether you're buying a new home, refinancing your existing home, or purchasing an investment home (1-4 family), we'll be there from the very beginning to explore your options, answer questions, and offer advice.
An adjustable rate mortgage (ARM) has an initial fixed rate for a set period of time before changing to a rate that adjusts annually for the remainder of the loan. Future interest rates are based on the change in the U.S. Treasury index plus a margin that is established prior to closing. Future interest rates and payments can go up or down annually after the initial term; however, these changes are limited or capped.
We offer ARM programs with an attractive initial fixed rate for 3 years, 5 years, 7 years, or 10 years. ARM loans traditionally start at a lower rate than comparable fixed rate loans to give you more flexibility in terms of budgeting and purchasing.
Fixed-rate mortgages are ideal for people who are more comfortable with a set monthly payment. The monthly mortgage payment of principal and interest remains the same for the term of the loan, allowing for predictability in your monthly housing costs.
First time home buyer
We offer a First Time Homebuyer Program (FTHB) that will make your first home purchase a lot easier. Our FTHB program includes reduced legal fees, no underwriting or document preparation fees. Plus, if you select one of our already low ARM products, we’ll discount your initial interest rate. Call us for more information.
VA Loans are backed by the US Department of Veteran Affairs (VA) and offer financing options to veterans with no down payment requirement and no mortgage insurance. To qualify, the borrower must meet the basic service requirements set forth by the Department of Veterans Affairs. Please contact one of our mortgage officers to see if you qualify today.
The Federal Housing Administration (FHA) is all about opportunity. They protect lenders from financial risk and allows you to have a more affordable down payment. The down payment can be as little as 3.5 percent of the purchase price of the property. The FHA also has more lenient guidelines, which makes it easier to qualify for an FHA loan.