 Reverse Mortgages - If you are at least 62 years old
and have low or no outstanding mortgage debt, Reverse Mortgage programs allow you to
borrow against the equity you've built in your home without you repaying the debt for as
long as you live there. With a Reverse Mortgage, the homeowner borrows small amounts
- monthly or at other intervals through a line of credit. Over the course of time,
the loan balance gets larger, and equity gets smaller. Payment is required only once, at
the end of the loan, which in most cases is when the homeowner dies, sells or no longer
uses the home as a primary residence. More
Information . . .
Fixed
Rate Mortgages - These
mortgages provide you with the security of stable interest rates and monthly payments that
never change. You might choose a fixed rate mortgage if you want the security of knowing
that even if interest rates rise, your payments will remain the same. More Information . . .
Adjustable
Rate Mortgages - We
offer ARMs for both short and long term mortgages. ARMs offer lower initial interest rates
than fixed mortgages for a specified time, and then the rates are adjusted periodically to
follow the market. These loans may be ideal if you plan to stay in your home for a short
time. More Information . .
.
FHA
Mortgages - The FHA
insures mortgage loans to help people buy or refinance their current homes with a low down
payment. The FHA insures loans so that if buyers default for some reason, the lenders will
get their money. Down payments on FHA loans can be as low as 3% down. More Information . . .
VA
Mortgages - VA
mortgage loans are intended to encourage lenders to offer veterans mortgages with more
favorable terms. VA mortgages can be used to buy, build, improve, or refinance a home.
These mortgages are often made without any down payment at all*, and frequently offer
lower interest rates than are ordinarily available with other kinds of mortgages. More Information . . .
First
Time Home Buyer Programs - We offer many special programs that can help make getting a first
mortgage easier than ever. We will guide you through the mortgage process, give a free
mortgage affordability estimate so you know how much you can afford, and then help you
select the mortgage that's right for you. More Information . . .
No
Down Payment Options -
We have programs designed to meet the needs of borrowers with good credit and limited
savings for a down payment. With our no down payment options, in many cases closing costs
can be financed into the loan amount or can be paid from any combination of your own
funds, an unsecured loan, gifts, grants, employee assisted housing funds or seller
contribution. For down payments less than 20%, Mortgage Insurance (MI) is required and MI
charges apply. Contact Us for more details . . .
Construction
Financing Programs -
If you are building your home, our Single Close Construction-To-Permanent Loan may be all
the financing you'll need. Our single application and approval process obtains both
construction and permanent financing with one combined loan and one closing. Contact Us for more details . . .
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