Loan Programs

Fixed Rate Mortgages (FRM)
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.

Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.

Hybrid ARMs (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)
Hybrid ARM mortgages combine features of both fixed-rate and adjustable rate mortgages and are also known as fixed-period ARMs.

FHA Loans
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

VA Loans
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.

Elite Access — Borrowers who require Jumbo loan amounts to $3 million will welcome the affordability of no MI

requirement and maximum 95% LTV ratios. Elite Access offers both fixed and adjustable-rate loans with FICO scores

as low as 700.

Premier Access — Provides innovative credit solutions for borrowers looking for loan amounts from $100,000 up to

$3,000,000 with flexible guidelines including 95% LTV, with DTI’s up to 55% with compensating factors, and an interestonly option. Eligible income documentation includes restricted stock units and asset utilization.

Homeowner’s Access — Designed to help borrowers achieve or re-establish home ownership. With DTI’s up to 55% with

compensating factors, and allowances for 30-60 day mortgage lates within the past year or a housing/credit event greater

than 2 Years; qualified borrowers may be able to access financing not readily available to them previously.

Fresh Start — Tailored for borrowers that have been prevented from obtaining mortgage financing due to a short sale,

bankruptcy, foreclosure.

Investment — With maximum loan amounts up to $2,000,000 and FICO scores as low as 620, the Investment product may

be just what your borrowers need to finance their investment properties.

Professional Elite — Designed for self-employed borrowers. Allows for alternative income documentation on loan

amounts up to $2.5 million and 85% LTV with a 740 FICO.

We are committed to providing disciplined credit solutions to qualified borrowers who can demonstrate their

ability to repay. Let’s work together to bring homeownership to your homebuyers!

Interest Only Mortgages
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specified period of time.

Components of an ARM
Prior to choosing a home loan, you should know the advantages and risks of adjustable-rate mortgages to make an informed, prudent decision.

Commonly Used Indexes for ARMs
This article includes a list of the most commonly used indexes by ARM lenders that affect ARM mortgage rates.

Balloon Mortgages
Balloon mortgages include a note rate that remains fixed initially, and the principal balance becomes due at the end of the mortgage term.

Reverse Mortgages
Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home.

Graduated Payment Mortgages
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and becomes fixed for the remaining duration of the loan.

What kind of loan program is best for you?
Should you get a fixed-rate or adjustable rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer.