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| Conventional |
| FHA |
| First Time Homebuyers |
| Interest Only |
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Conventional
Conventional loan products include fixed and adjustable rate mortgages. The terms can be from 10 - 40 years. The 30 year has an interest only option up to 95% financing. 100% financing programs are available on request. This loan currently has a maximum loan amount of $417,000.
Maximum Amount: $417,000
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To qualify for this program, your credit range needs to be average to excellent. There are two documentation types for this program - Full Documentation & Stated Income Stated Assets.
Full Documentation can go up to 100% LTV. Stated Income Stated Assets can go up to 95%. |
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FHA
FHA is a great product for any borrower. If you have a clean 12 month history and verifiable income that meets the program guidelines, this is for you! Fixed and Ajustable rate programs are available.
The are maximum loan amounts depending on the county that you purchase your home. You can get 100% financing with the use of a down payment assistance gift program.
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There are no minimum credit score requirements on this program, however, you must currently have at least 12 months clean credit history.
This loan is full documentation only. |
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First Time Homebuyers
Why rent when you can own?
Let us help you finance your first home.
- Fixed rate and adjustable rate loans available
- Up to 100% financing
- Interest only option
Stop paying rent and start investing in your future. There are many loan programs for first-time homebuyers that make owning a home more affordable that you think. Call us and find out how you can experience the thrill of homeownership today.
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Interest Only
With an interest only loan you are not paying towards your principal amount of your loan which results in a lower monthly payment. This is beneficial for someone who needs a slightly larger house, but can't afford it with a 30 year fixed. Since you are not paying principle you want to make sure your home is in an appreciating real estate market that way you are still gaining equity in your home.
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This is not a commitment to lend. All loans are subject to credit and property approval. Rates, terms, fees and programs are subject to change without notice. Copyright 2007. All rights reserved. Equal Housing Lender. |
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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 $8,340. 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 $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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