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Standard products
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Conventional
Loans - 30 year fixed, 20 Year Fixed, 15 year fixed, 10
Year Fixed, 1 yr ARM, 3/1 ARM, 5/1 ARM, 7/1 ARM, 5/25, 7/23, 2-1
buydown, Ballons, 10% down non-owner occupied.
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Interest Only
- Programs offered by some lenders where the minimum payment
is only the interest portion of the payment. In essence, you
can pay as much or as little towards principal as you like.
Because you are paying interest only, the minimum monthly payment
is often significantly lower than other loan programs. The rate
(and therefore your monthly payment) however adjusts every month,
in a way similar to an ARM.
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FHA
Loans - 30 fixed, 15 year fixed, 2-1 buydown, 1 year ARM
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VA
- 0 down payment, 30 year fixed, 15 year fixed, 2-1 buydown, 3/1
ARM
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Jumbo
- Any loan amount above $333,700.
Specialty Products
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Zero Down - 1 year
ARM, 3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM
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NIV - No income verification
required
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NINA - No income,
no asset verification required (No Income Verification
programs require good credit, but greatly reduce the amount of documentation
required to approve the loan)
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Commercial - Apartments,
Office Buildings, Strip Centers, Mezzadine Loans, Bridge Loans
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Credit Challenged
- Foreclosures, Bankruptcy, Mortgage Lates
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Ok below market rate ARMs
- The money management tool for mortgages
**All of the above can be incorporated into
a biweekly mortgage plan.
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