Types of Mortgages

Adjustable-Rate Mortgage

• A mortgage loan in which the lender may adjust the rate of interest according to some specific index outside the control of the bank or savings and loan institution, such as the interest rate on U.S. Treasury bills or the average mortgage rate.  Adjustments are made regularly, usually at intervals of one, three, or five years.  In return for taking some of the risk of a rise in the interest rates, borrowers get lower rates at the beginning of the ARM than they would if they took out a fixed rate mortgage.  Commonly abbreviated as ARM.

Fixed Rate Mortgage (Conforming)

Fixed Rate Mortgage (Jumbo)

•  10 Year
•  15 Year
•  20 Year
•  25 Year
•  30 Year

Refinancing

Commercial Mortgage Programs

• Mortgage programs are available for all types of new commercial properties

Apartment Buildings	New Construction
Mixed Use Properties	Retail
Multi-family 5+	Strip Malls
Warehouses	Industrial Use
Restaurants	Special Use Properties
Hotels	Office Buildings
Resorts	Automotive
SBA Programs	Gas Stations
Land

FULL DOC/NO DOC PROGRAMS

Non-Recourse Programs

Owner/Non-Owner Occupied Programs

 

Whether you plan to purchase, refinance, renovate, or build, we have the ideal mortgage program tailored to suit your needs!

For details and additional information, contact: The Commercial Lending Office:   201-760-2700