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| FHA |
| CONVENTIONAL LOANS |
| JUMBO LOANS |
| SMALL COMMERCIAL |
| COMMERCIAL LENDING |
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FHA
FHA insured mortgages offer many benefits and protections that only come with FHA:
Easier to Qualify: Because FHA insures your mortgage, lenders may be more willing to give you loan terms that make it easier for you to qualify.
Less than Perfect Credit: You don't have to have a perfect credit score to get an FHA mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it's easier for you to qualify for an FHA loan than a conventional loan.
Low Down Payment: FHA loans have a low 3.5% downpayment and that money can come from a family member, employer or charitable organization as a gift. Other loan programs don't allow this.
Costs Less: FHA loans have competitive interest rates because the Federal government insures the loans. Always compare an FHA loan with other loan types.
Helps You Keep Your Home: The FHA has been around since 1934 and will continue to be here to protect you. Should you encounter hard times after buying your home, FHA has many options to help you keep you in your home and avoid foreclosure.
An FHA insured mortgage may be used to purchase or refinance a new or existing 1-4 family home, a condominium unit or a manufactured housing unit (provided the manufactured housing unit is on a permanent foundation).
Term: 30 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 3.75% | 4.065% | 1.75% | | 4% | 4.298% | 1.5% |
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CONVENTIONAL LOANS
Conforming Long-term, Fixed-rate, Interest only and Adjustable loans that meet Fannie Mae and Freddie Mac 10, 15, 20, 30, 40, year term loan limits, property and borrower guidelines.
Maximum amount: $417,000
Term: 30 years
Maximum Amount: $417,000
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JUMBO LOANS
Long term, fixed-rate, interest only and adjustable loans that meet Fannie Mae and Freddi Mac loan limits and property and borrower guidelines.
Term: 30 years
Maximum Amount: $2,000,000
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SMALL COMMERCIAL
Commercial properties like multifamily, mixed use, warehouse, office, retail, industrial, automotive, special use and more can be funded. Loan amounts up to $6 million are available, in addition we offer refinances with an unrestricted cash-out amounts.
Many different loan programs are available, including fixed or adjustable rates and 15, 20, 30-year amortizations. Corporations, partnerships, and trusts are also able to obtain a loan.
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COMMERCIAL LENDING
Product Highlights:
Loan amounts of up to $5,000,000 which incudes loans for purchase and refinance (including cash out). We offer 3, 5, 7, or 10 year Hybrid ARMs (30-year full amortized with I/O option). LTVs up to 80% for Multifamily and 75% for Commercial with minimum decision credit score of 660 to qualify.
Eligible Borrower Types:
Individuals (U.S. Citizens and legal Foreign Nationals), Corporations (LLC, LLP, or Partnerships), Trusts, and Tenants-in-Common (No syndicated type structures).
Eligible Property Types:
Includes Multifamily (5+ units), Commercial (Office, Retail, Light Industrial/Warehouse-Flex, Mixed-Use, Self Storage, and Mobile Home Parks).
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 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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