CONVENTIONAL LOANS

Fixed Rate Mortgages - A fixed rate mortgage product will give the borrower the stability of a fixed principal and interest payment over the full term of the mortgage loan. These terms range from thirty (30) years downward to twenty (20), or fifteen (15) year loan periods.

Adjustable Rate Mortgages (ARM) - The interest rate and corresponding monthly payment may change during the life of the loan. There are a wide variety of ARM programs available, including a one-year ARM, 3/1 ARM, 5/1 ARM, or7/1 ARM.

FHA Mortgages - These are government-insured mortgage loans. Whether fixed rate or adjustable, this popular loan program offers low down payment and home improvement options.

Balloon Mortgages - The interest rate is fixed for the first five or seven years. At the end of the five or seven years, a lump sum (balloon payment) may be due or the loan may offer a provision to reset for the remaining years of the thirty year term.

Jumbo Mortgages - Fixed rate, ARM and Balloon mortgage products for loan amounts above $275,000.

OTHER MORTGAGE PROGRAMS

Non-Conforming Loans - Loan programs for good borrowers with less than perfect credit. These programs are also ideal for borrowers who are self-employed with less required income documentation.

Home Equity Line of Credit - A borrower may establish a line of credit against his or her home's available equity.

Mixed Use/Multi-Family Property Loans - These loan programs are specially designed to meet the unique needs of purchasers and investors of smaller commercial properties and apartment buildings.

LOW-DOWN and NO-DOWN PAYMENT LOANS

Three Percent (3%) Down Payment Loans - A home may be purchased using only a three percent down payment. The closing costs may come from a gift or other source.