Our Loan
Programs

A Simple Guide
to Financing

Fixed Rate Loans

     Designed to provide security and stability in a payment, the fixed rate loans are ideal for individuals on a fixed income or borrowers not comfortable with the changes in the market. Payment and principal remain constant for the entire life of the note. This is an ideal program for first time home buyers. Get in touch with us today, special qualifying features are offered for first time buyers too! Terms range from 15 to 30 years.

Buydowns

     These loans have the features of both adjustable rate and fixed rate mortgages. Basically, a specific amount of money is set aside at closing to temporarily lower the interest on your loan, usually for 1 to 3 years. The payment would increase like an adjustable rate loan during the buydown period but would act like a fixed loan thereafter.

Adjustable Rate Loans (ARM)

     Adjustable Rate Mortgages can now be offered in many forms. ARMs become the most popular during the rising trends of interest rates. Interest rates are generally much lower than fixed terms and can be offered in many varieties. With an ARM, payments change according to the index used (i.e. Treasury Bill) over a specific period of time depending on the program selected. ARMs are ideal for individuals looking for the lowest rate: borrowers who are very comfortable with the market fluctuations and changing payments; or individuals looking for short term financing. Many of our ARMs have assumability and conversion options. Term range from 10 to 30 years.

Information Needed for Loan Application

1. Social Security Numbers for all borrowers.

2. Employer' names, complete address, zip codes.

3. List previous employer(s) if less than 2 years with present employer.

4. Must verify at least two Full years of address history.

5. Bring most recent paycheck stubs covering last 30 days and the past two years W-2's to application.

6. Provide most recent three months complete bank, credit union or brokerage statements or complete addresses and account numbers for banks, credit unions, brokerage firms, etc., including zip codes.

7. Must verify all funds to close.

8. Charge cards - provide complete addresses, monthly payments, balance.

9. Loans - provide complete addresses, monthly payment, balance.

10. Leased Property - provide one year lease, including complete addresses and monthly payments.

11. Child Support/Alimony - provide copy of separation agreement and divorce decree, including all terms of divorce.

12. Note to VA Loan Applicants: Please bring in your Certificate of Eligibility. If you do not have one, be sure to provide us with a copy of your DD214 so that we may order a certificate from the VA.

13. Note to FHA Loan Applicants: Picture ID (driver's license), year-to-date pay stub and Social Security card.

14. Self Employed Applicants: Past two years of tax returns, current P/L statements and current balance sheets.

The need for financing is evident.
Each loan is different.
Let us help you get that loan with ease.
Contact Us Today!

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