100% Financing
Ideal for first-time buyers, these no down-payment mortgages can help reduce or eliminate nearly every cost associated with obtaining a home loan These programs normally combine two loans: An 80% first mortgage, and a 20% second mortgage. The interest rate is typically the weighted average of the two loans.
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Conforming
Conforming long-term, fixed-rate and adjustable loans that meet Fannie Mae and Freddie Mac loan limits and property and borrower guidelines. Generally has higher loan limits than FHA and VA.
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Imperfect Credit
Allows borrowers with less-than-perfect credit to qualify for competitive interest rates to consolidate debt and lower payments or make home improvements.
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No Income Verification
Ideal for the self-employed with good credit, loans where borrowers agree to put down 25 to 30% equity in exchange for reduced documentation requirements.
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Reverse Mortgage
Allows borrowers to retain ownership of their property and receive a monthly check representing a portion of the equity in the property. No money is due until the property is sold, the owner dies, or an agreed upon date is reached.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $359,650 for the contiguous states, District of Columbia, and Puerto Rico or below $539,475 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $333,700 with closing costs of $6,674. Jumbo Loans (whose maximum loan amount exceed $359,650 for the contiguous states, District of Columbia, and Puerto Rico or exceed $539,475 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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