Residential Financing

Residential Mortgage Loans

Don't know which type of mortgage loan is best for you?
Find out below.

If you need a loan to purchase or refinance a home in Virginia or North Carolina, call us. We have resources that offer the best Virginia Mortgage Loans and North Carolina Mortgage Loans around. What we do, is pair your circumstances to the best available program that meets your specific needs.

Conventional Fixed Rate Loans
Conventional fixed rate loans require a minimum of 5% down and a fairly good recent credit history. Down payments must be from your own funds. The interest rate remains the same for the term of the loan.

Conventional Adjustable Rate Loans
Conventional adjustable rate loans also require a minimum of 5% down and a fairly good recent credit history. The interest rate remains fixed for the first 1, 3, 5, 7 or 10 years. The rate will adjust with the market after the initial fixed rate period according to the terms established when you close. A low initial rate may help you qualify for a larger loan.

Non-Conforming Loans
Non-conforming loans often allow imperfect credit and higher debt than conventional loans. Some loans can be approved with limited documentation of income, debt, employment and assets. These loans offer higher interest rates, but may allow you to buy a home when your credit is poor or you are self-employed. Some, but not all, require larger down payments.

Refinance Loans
Refinance your first mortgage with or without credit problems. Refinance loans can be conventional, FHA, VA or non-conforming loans.

Second Mortgages
Second mortgages up to 125%. Need cash and don't have any equity? We can arrange a second mortgage loan for up to 125% of your home's value. Get rid of that 18% credit card rate or pay off your car loan. Since it's a home loan, the mortgage interest may be tax deductible. .

 

 

 

 

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