SPECIAL "FIRST-TIME HOMEBUYER" PROGRAMS

We offer many programs that are designed to allow a person, usually first-time buyers that are short on cash, to experience home ownership. We participate in the "Nehemiah" grant program, FNMA’s "Flex 100 Plus" program as well as Freddie Mac’s "Neighborhood Gold" program.

SAME DAY PRE-APPROVAL FOR QUALIFIED BUYERS

The Majority of our programs are underwritten via the computer. If you qualify, the answer usually is obtained within 8-12 minutes from the time all of the information is provided on the application. This is especially beneficial if you want to know how much you qualify for and need it in a hurry. This is not a educated guess from a Loan Officer that has been in the business a total of 2 hours. This approval comes direct from FNMA or Freddie Mac.

INTEREST-ONLY LOAN PROGRAMS

We offer 6-mo., 3-year, 5-year and 10-year interest-only loan programs. On these loans, payments for the first 6-mo.s, 3-yr.s, etc., would be "interest-only". At the end of the prescribed period, the loan payments would then be "fixed" at the final adjusted rate and amortized for the remaining term of the loan. For example: If you choose a 5-year interest-only program, you will pay interest as it accrues on the original loan amount  a monthly basis. At the end of the 5-year period,  your payments will then adjust to the fixed rate at that time and amortized for the remaining 25 years. The rates are similar to the normal amortizing adjustable rates discussed earlier.