Whether you are a first time home buyer, purchasing a second
home or need to refinance, we're here to help you from start to finish. Most loan applications can be pre-approved.*
Our trained home mortgage team creates attractive loan packages, which offer you:
- Fast, efficient processing and loan approval
- Various down payment options
- Competitive rates
- Comfortable monthly payments
Take a look at the variety of mortgage plans designed to meet your needs:
- Typical financing allows as little as 3% to 5% down towards the purchase price.
- After closing the principal and interest payment will remain constant over the term of the loan you select.
If you anticipate not being in your home 30 years, then an ARM might be something to consider.
- Typical ARMs offer a fixed rate for a period of time, thereafter, converting to an adjustable rate.
- The initial rate is usually below the prevailing 30 year fixed rate.
- Financing usually requires from 5% to 10% down towards the purchase price.
5 and 7 year balloon mortgages are based on a 30 year amortization with the balance remaining coming due, or "ballooning" at the end of the 5th or 7th year.
- Most often the interest rate is below the prevailing 30 year fixed rate.
- After the 5th or 7th year the balance is either:
- Paid in full
- Modified at the current mortgage rate plus a margin
- Refinanced
*Subject to an appraisal and minimal documentation.
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