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Mortgage Programs
Mortgage Loan Offerings
Fixed Rate Mortgage
This is the most common type of mortgage program. A fixed rate mortgage offers a very stable monthly interest and principle payment. We offer very competitive fixed rate mortgages.
Balloon Mortgage
Balloon loans are short-term mortgages that have some features of a fixed rate mortgage with a lower rate. This loan provides a level payment feature during the term of the loan, but as opposed to the 30 year fixed rate mortgage, balloon loans do not fully amortize over the original term. Balloon loans are popular with those expecting to sell or refinance their property within a definite period of time.
Adjustable Rate Mortgage
Offering a very good initial rate, this loan’s interest rate adjusts at specified intervals based on predetermined indexes. Depending on changing market conditions, if your rates go up, your monthly mortgage payment will go up, too. However, if rates go down, your mortgage payment will drop also.
Jumbo Loan
Are you in need of a large loan? Our jumbo loan allows for a financing that is larger than what Fannie Mae guidelines allow.
80/10/10
A second mortgage combined with a first mortgage to prevent the requirement of mortgage insurance or a jumbo loan.
Credit Challenged Loan
Are you one of those people who have been hit with some misfortune and your credit report shows it? We offer loans to our customers who have had slight credit problems in the past and it temporarily prevents them from using normal lending channels.
Construction Loan
Whether you’re building a new home or adding on to the old one, you’ll probably confront a roomful of construction details. Ease the load and let us help by creating the perfect financing plan for your new project.
Swing Loan
Is it time purchase a new home, but you have not sold your existing home yet? We offer swing loans to facilitate the buying of a new property prior to the sale of an existing property.
Lot/Land Loan
Lot/land loans are used to finance the purchase of a developed piece of ground for the purpose of construction at a later date.
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