Apply Online
You are closer than ever to realizing your dream of home ownership, or improving your existing loan. Just fill out our online application, or call (866)644-6555 today.
Not Sure Which Program Is Right For You?
Our profiles are designed to help determine which loan program is right for you. Contact us today to help find a solution for your unique situation.
A Conventional Fixed-Rate Loan Buyer Generally...
- Has at least 3 to 5 percent down payment, or has strong enough credit to offset the down payment requirement.
- Has money for closing costs, and reserves.
- Has good to excellent credit.
- Can qualify for a loan using a standard ratio and market-rate interest.
- Doesn't usually need a lot of special loan underwriting considerations.
- Desires a fixed-rate mortgage (for financial and/or emotional stability).
- Has fairly light debts in proportion to his or her income.
- May have a job where income increases are either rare or nonexistent.
- Has room in his or her qualifying and loan payments for PMI insurance.
A Typical ARM Purchaser...
- Can expect with some certainty that his or her income will increase.
- Desires a home that is slightly out of his or her financial reach.
- Desires a short-term ownership.
- Cannot qualify at market rates and needs a lower initial interest rate.
- Wishes to buy a property when conventional fixed-rates are high or when rates are expected to decline.
- Wishes to take advantage of an ARM's conversion option.
- Does not need the security - emotional or financial - of a fixed-rate mortgage.
- Wants the loan to adjust based on inflation and economic swings.
- Wants to shop for an index and adjustment period that best coincides with his or her needs in purchasing the property.
