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Conventional Mortgages -
A conventional fixed rate mortgage is for homeowner's looking for a payment (Principal & Interest, taxes and insurance will change the payment) which will remain the same for the life of the loan. Borrowers may request an escrow waiver if they have a downpayment of at least 20% and good credit. Downpayment on a conventional loan starts as low as 3%.
Biweekly Mortgages -
Want to save thousands of dollars in interest? Pay off your mortgage quicker? With a Bi-weekly mortgage you will make half of the regular monthly mortgage payment every two weeks instead of once a month. This saves you interest and shortens the term of your loan!
FHA Mortgage -
An FHA mortgage is insured by the Federal Housing Administration (FHA). The downpayment requirement is only 2.25% and the program allows a borrower to carry a higher debt load than most conventional mortgages. An FHA mortgage is also a little easier on past credit problems than conventional mortgages.
VA Mortgage -
VA loans, for eligible veterans & reservists, offer 100% financing with competitive rates. 100% financing means there is NO downpayment, and the seller can help pay the borrowers closing costs. A Certification of Eligibility is required, this can be obtained from your local VA office.
SONYMA Mortgages -
First time homebuyer program from New York State. Below market rate or 0% down payment programs available. Income and purchase price limitations are part of these programs.
Sub-Prime Lending -
Don't let past credit problems lock you out of a house! There are many programs that specialize in non-conforming lending. Past bankrutcy's are OK, slow payments are OK, judgements or liens are OK.
Rehab Loans -
Found a Fixer-upper? There are several loan programs that will help you finance the work that needs to be done to make the house your dream house. Available are the FHA 203K loan and the Fannie Mae Homestyle Loan.
No Income Verification Loan
Loans that do not require verification of income. Ideal for self-employed buyers. Downpayment of at least 5% and excellent credit required.
Commercial Loans -
Loans for mixed use and commercial properties.
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