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| 80/10/10 and 80/15/5 Loans |
| FHA and VA Loans |
| Single Close Construction Loans |
| Conforming Loans |
| Jumbo Loans |
| A-Minus Loans |
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80/10/10 and 80/15/5 Loans
These programs allow for down payments of 5-10% without having to pay for PMI. This combines an 80% 1st mortgage with a 2nd mortgage of 10-15% of the sales price so you avoid PMI. And for high networth individuals, the rates on the 2nd mortgage can be as low as the prime rate. This method has better tax breaks and much lower payments than other lenders' loans that have PMI.
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FHA and VA Loans
Fixed and adjustable VA loans allow no down payment up to $417,000. VA has the best zero down payment loan. FHA fixed and adjustable rate loans up to $200,160 with as little as 3% down payment. FHA, and sometimes VA, loans are more flexible on credit issues than conventional loans.
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Single Close Construction Loans
This is one of the options we have available when the builder won't take out the construction loan. It allows you to close prior to construction on one loan that acts as a construction loan during construction, but then converts to your permanent loan when construction is complete. A modification at the end of construction allows you to get a lower rate if rates are lower at that time.
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Conforming Loans
These are fixed rate and adjustable rate loans up to $417,000 that conform to Fannie Mae or Freddie Mac guidelines. These loans offer the best rates in the country.
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Jumbo Loans
These are Fixed and Adjustable rate loans that have loan amounts above $417,000.
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A-Minus Loans
A great avenue for mildly damaged credit. Most Lenders send these people to sub-prime lenders at rates much higher than normal. We offer these loans, with as little as zero down payment at much lower rates than sub-prime. We have saved many of our customers tens of thousands of dollars with these loans.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $4,170. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $450,000 with closing costs of $4,500. Your actual APR may be different depending upon these factors.
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