MORTGAGE OPTIONS

We are both FHA and VA approved, and  can work with you on a number of different types of property:

  • Single Family
  • Multi-Family
  • Condo
  • Town Home
  • Manufactured (limited)

Below are some of the most common types of loans that we work with.

3/1 ARM
A 3/1 ARM is an adjustable-rate mortgage, or ARM, that has an initial interest rate for the first three years, and thereafter adjusts each year. Each annual rate adjustment is based on (or “indexed to”) another rate — often the yield on a Treasury note.

5/1 ARM
A 5/1 ARM is an adjustable-rate mortgage, or ARM, that has an initial interest rate for the first five years, and thereafter adjusts each year. Each annual rate adjustment is based on (or “indexed to”) another rate — often the yield on a Treasury note.

7/1 ARM
A 7/1 ARM is an adjustable-rate mortgage, or ARM, that has an initial interest rate for the first three years, and thereafter adjusts each year. Each annual rate adjustment is based on (or “indexed to”) another rate — often the yield on a Treasury note.

10/1 ARM
A 10/1 ARM is an adjustable-rate mortgage, or ARM, that has an initial interest rate for the first three years, and thereafter adjusts each year. Each annual rate adjustment is based on (or “indexed to”) another rate — often the yield on a Treasury note.

15 Years FIXED
A 15-year fixed mortgage has an interest rate that stays the same for the 15-year life of the loan. Someone taking out a $165,000.00 15-year fixed mortgage refinance at the current average would pay $1,363.12 a month for the life of the loan.

30 Years FIXED
A 30-year fixed mortgage has an interest rate that stays the same for the 30-year life of the loan. Someone taking out a $165,000.00 30-year fixed mortgage refinance at the current average would pay $1,363.12 a month for the life of the loan.