Home Purchase

It is important that you understand the features of your home loan and that it meets your financial needs. We can assist you in that determination.

We provide choice, convenience, and control throughout the loan process. We offer a full suite of lending products because we recognize the importance of having the right loan for every situation. Below is a sampling of just some of the programs available to you.

We offer our borrowers the choice of a variety of fixed-rate mortgages ranging from 10, 15, 20, 25 & 30 years. These loan programs have the same interest rate for the life of the loan and monthly payments (principal and interest) that never change. If you escrow your property taxes and insurance, those expenses can change, which will affect your monthly payments. A fixed-rate mortgage may be a good choice if you plan to stay in your home for a long time or if you feel more comfortable knowing your payment cannot change. Fixed mortgages are fully amortized over the amortization period and features consistent monthly payments.

An ARM is a mortgage in which the interest rate and payments are adjusted periodically based on a pre-selected index. Subject to certain limitations, the rate and payments on an ARM loan rise and fall with the market. Adjustable-rate mortgages may be a good choice if you plan to be in your current home less than 5, 7, or 10 years, depending on the program you choose.

Our 5/1, 7/1, and 10/1 ARMs allow you to pay a lower introductory interest rate than many fixed-rate mortgages offer. Your interest rate and payment are fixed for the initial fixed rate period of 5, 7, or 10 years, depending on the program you select. After the initial fixed period, your interest rate and payment will follow the movement of the index up and down, with certain limits. Our ARMs are popular because they help you qualify for a larger home and your loan may be assumable after the fixed-rate period of the loan. It is important to note that with an ARM, you may have a substantial increase in payment after the fixed-rate period and the interest rate over the life of the loan can typically increase five-to-six percentage points above the initial interest rate.

As an experienced jumbo and super jumbo mortgage lender, we offer a variety of programs with competitive rates and beneficial features. Fixed and adjustable-rate options are available. We also provide jumbo and super jumbo loans for investment properties and second homes, as well as cash-out refinancing.

Federal Housing Administration (FHA) Loans

We offer residential mortgage loans insured by the Federal Housing Administration (FHA). FHA-insured loans offer many benefits, including lower costs, smaller down payments, easier qualification, and more protection to keep your home.

FHA Renovation Loan Program, Great for Fixer Uppers

The FHA Renovation Loan Program provides you with the money to refinance or purchase a home and renovate it, all with one convenient loan. This program is also ideal for purchasing foreclosures and improving their value with needed repairs and upgrades.

Veterans Administration (VA) Loans

The VA loan program can make it much easier for Veterans to secure a home loan by requiring little or no down payment*. This home loan is available to Veterans and guaranteed by the U.S. Department of Veterans Administration, and it frequently offers lower interest rates than ordinarily available. In addition, with a VA-guaranteed loan, there is no Private Mortgage Insurance (PMI)** requirement. Borrowers may finance up to $2 million for a home purchase***.

GSE Conforming-Jumbo

Government Sponsored Entities, Fannie Mae and Freddie Mac, new conforming-jumbo loan limits make it easier and more affordable for more buyers to "move up" and purchase higher-value homes, or save substantially by refinancing their jumbo loan. Lower FICO score and down payment requirements, lower-than-jumbo rates, and loans amounts of up to $625,500 in some areas create a powerful alternative to a traditional jumbo loan.

State and Local Bond Programs

Many municipalities have established bond programs to help first-time home buyers with down payment assistance, obtaining a lower rate, and qualifying more easily for a home loan.

*Up to 100% financing available up to county loan limits on primary residences.
**Most VA loan will require a funding fee.
***Cash reserves required on loan amounts greater than $1 million. Other restrictions may apply.