Loan Programs
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Purchase
We have purchase programs that can be tailored to fit each individual's needs and wants. We have loan products designed for good or bad credit. We have zero cash down programs available with and without mortgage insurance. |
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Refinance
We make refinancing your home easy! We can do a complete refinance of your current loan (or loans) and put cash in your hands. We can also create a stand alone 2nd to give you access to your equity. These programs are available for all types of credit. |
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Construction
Whether you are looking for a traditional construction loan or the new and exciting "One Time Close" construction loan, we have the program for you. We can help you build your dream home. |
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Commercial
Our Commercial Loan Division can do all types of projects. If you are looking to build, purchase, or refinance a commercial property, we can help you out. |
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FAQ's
Q:What is a fixed rate mortgage?
A: A mortgage in which the interest rate remains the same throughout the term.
Q:What is underwriting?
A: The process of making a decision to approve a mortgage loan.
Q:What are discount points?
A: Prepaid interest that is paid at closing. One point is equal to 1 percent of the loan.
Q:What is Debt-To-Income Ratio?
A: Also called DTI, this is the ratio between the borrowers income and their liabilities
Q:What is an ARM?
A: This is an adjustable, or variable rate mortgage where the interest rate will adjust periodically based upon a predetermined index.
Q:What is LTV?
A: This is the loan to value ratio between the loan amount and the purchase price or appraised value.
Q:What is PITI?
A: This refers to the monthly payment; principal, interest, taxes, and insurance. |
