1 Unit $322,700

2 Unit $413,100

3 Unit $499,300

4 Unit $620,500

 

We currently offer

30, 20, 15 and 10 year terms

 

Borrowers must have verified 3% of their own funds, unless they recieve a gift of at least 20%

 

Escrow for taxes and insurance are required for purchases with less than 20% down and for refinances with less than 20% equity in the property.

 

Homeowners insurance is required

 

We have NO Pre-payment penalties...that means you can pay off your mortgage as quickly as you wish!

 

 

A Balloon Mortgage Loan is when your interest rate is locked for a limited term.  After the term comes due, the loan needs to be refinanced or payed off.

 

4 year

3 year

2 year

 

If the loan amount is:

Less than $10,000                             60 months

$10,001 - $15,000                              84 months

$15,001 - $25,000                             120 months

$25,001 - $40,000                             180 months

$40,001 - $60,000                             240 months

$60,001 and over                               360 months

 

Borrowers must have verified 3% down payment for a 3 or 4 year balloon and 10% down payment for a 2 year balloon.  All down payment funds may be gifted.

 

We currently do not escrow for Balloon Mortgages, however home owners insurance is required.