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- VA Loans
– Zero Down Payment (Must have VA Entitlement)
- First
Time Home Buyer Programs – 100% Financing
with or without assistance money
- 100%
Conventional Loans – For those with good
credit, and little cash
- 80/15/5
– For those who want to void Private Mortgage
Insurance (PMI). 80% First Mortgage, 15% Second
Mortgage, 5% down payment. (PMI is required on loans
with less than 20% down payment.)
- 80/20
– 100% Financing, with no PMI. 80% First Mortgage,
20% Second Mortgage
- No Doc
Loan – 95% LTV – For those who have
relocated and have not acquired employment
have unverifiable employment
Approval based on excellent credit and satisfactory
appraisal
- ARM
– Adjustable Rate Mortgage based on an index (Prime
Rate, Treasury Bill, MAT, Libor) plus a margin
- 1 Year
Arm – Note Rate adjusts once, every year
- 3/1 ARM
– Interest Rate is fixed for the 1st 3 years, then
adjusts every year thereafter
- 5/1 ARM,
7/1 ARM & 10/1 ARM
- Interest
Only Loan – Adjustable Rate Mortgage
(3/1, 5/1, 7/1) which requires interest only
payments. For people who know they will not keep
their property more than 3, 5, or 7 years.
-
Construction-Perm Loans – New
construction – During construction draws are issued,
interest only payments during construction. At end
of construction loan rolls into permanent financing.
- Home
Equity Lines of Credit – Use the equity
in your home for paying off debts, improvements in
home, vacation, etc. No closing costs, interest only
payments, based on Prime Rate.
- Special
Lending – For those with past of present
credit issues, including bankruptcy, or those
needing a special program for a special situation.
-
Commercial Loans – Purchase, Refinance,
Rehab – Loan amounts from $100,000 to $1,000,000.
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