Conventional Loans
Conventional
- 30-, 20-, 15- and 10-year terms are all available with fixed rate.
- 5/1 | 7/1 | 10/1 ARM – Adjustable Rate Mortgage.
- Interest only loans are available with LTV’s below 70%.
- Private Mortgage Insurance required for loans above 80% loan to value.
- Mortgage was sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
- Must be current on the mortgage with no late payments in the past 12 months.
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Current Loan to Value is greater than 80%.
- 30-, 25-, 20-, 15- and 10-year terms are all available with fixed rate.
- Buy a home with as little as 5% down (primary home).
- Refinance up to 95% of your primary home's value.
- Monthly payments remain the same for the entire loan term.
Goverment Loans
- No appraisal needed.
- No income verification.
- Ability to receive your past loan escrow account balance back from previous lender.
- Ability to finance Energy Efficient Improvements into the loan.
- 620 Minimum Fico Score.
- An explanation of the use of the cash proceeds required.
- A cash-out refinancing loan is a VA-guaranteed loan that refinances any type of lien or liens against the secured property.
- No out-of pocket costs.
- No income verification.
- Pay your loan off faster by going to a lower term.
- No Appraisal Required.