Ideal Mortgage Home Refinance Options

Home Refinancing Options

Conventional Mortgage Loan

The fixed rate conventional mortgage loan is the most popular loan available today.

• Fixed rate
• Maximum loan amount $766,550
• Up to 30 year terms*
• Finance up to 95% of homes value
• Single Family Home, 2-4 units, Condominium, and Townhome
• Primary, secondary, and investment occupancies acceptable

 

FHA Mortgage Loan

This product is helpful for borrowers with equity in their home.  It offers both fixed and adjustable rate mortgage options.

• Maximum loan amount $515,200
• Finance up to 97.75% of homes value
• Flexible credit requirements
• Single Family Home, 2-4 units, Condominium, and Townhome
• Primary residence occupancies acceptable

 

VA Mortgage Loan

VA guaranteed mortgage loans are available to Military Service Veterans, current active duty, service men and women and their surviving spouses.

• Fixed rate
• Cash out up to 95% of homes value
• No mortgage insurance
• Maximum loan amount $$766,550
• Flexible credit requirements

 

 

 

Jumbo Mortgage Loan

Jumbo mortgages are home loans that exceed conforming loan limits of $766,550. A jumbo loan allows you to achieve your refinancing goals. 

• Fixed rate options
• Cash out up to 80% of homes value
• Single Family Home, 2-4 units, and Townhome
• Primary residence occupancies acceptable

 

Adjustable Rate Mortgage Loan (ARM)

This mortgage loan program offers a lower initial rate with built in rate protections for the borrower.

• 10/5, 10/1, 7/1, 5/1 available
• Lower monthly payment
• Initial fixed rate period
• Multiple options
• Single Family Home, 2-4 units, Condominium, and Townhome
• Primary and secondary occupancies acceptable

 

 

Additional products available; contact us for more details.