If your needs don't fit within the framework of the more traditional loans, we have other options for you.
Lot Loan
| Best Choice If:You want:
To keep your payments low. This loan is amortized up to a 30 year term.
The stability of a fixed monthly payment for the first 36 months of the loan. | Advantages:Initial fixed interest rate for the first 36 months.
The rate adjusts annually thereafter. | Disadvantages:Maximum LTV is 80%.
Maximum acreage up to 10 acres. |
Recreational Land Loan
| Best Choice If:You want:
To keep your payments low. This loan amortized up to 30 year term.
The stability of a fixed monthly payment for the first 36 months of the loan. | Advantages:Initial fixed interest rate for the first 36 months.
The rate adjusts annually thereafter. | Disadvantages:Maximum LTV is 80%.
Acreage is 10 to 180 acres. |
Homexpress 10 Year Fixed
| Best Choice If:You don't have many years left to pay on existing mortgage.
Have a low balance and want to take advantage of lower rates. | Advantages:Fixed rate for entire term. | Disadvantages:Maximum term is 10 years.
Maximum amount is $226,550.
Maximum LTV is 75%.
Payments can be substantially higher than 10 year fixed rate.
Not available on purchases. |
3/1 ARMEXPRESS-15 Year
| Best Choice If:You want:
A low closing cost.
A longer initial fixed period.
To keep your payments low.
The stability of a fixed monthly principal and interest payment for the first three years of the loan. | Advantages:Initial fixed interest rate for three full years.
The rate adjusts annually thereafter. | Disadvantages:Maximum LTV is 75%.
It's riskier if you don't expect your income to increase over the initial three-year period to cover the change in monthly payment.
Not available for purchases. |
3/1 ARMEXPRESS-30 Year
| Best Choice If:You want:
Low closing costs.
A longer initial fixed principal and interest period.
To keep your payments low.
The stability of a fixed monthly principal and interest payment for the first three years of the loan. | Advantages:Initial fixed interest rate for three full years.
The rate adjusts annually thereafter. | Disadvantages:Maximum LTV is 75%.
It's riskier if you don't expect your income to increase over the initial three-year period to cover the change in monthly payment.
Not available for purchases. |
5/1 ARMEXPRESS-30 Year
| Best Choice If:You want:
To keep your payments low.
The stability of a fixed monthly payment for the first 5 years of the loan. | Advantages:Initial fixed interest rate for 5 years.
The rate adjusts annually thereafter.
| Disadvantages:Maximum LTV is 75%.
It's riskier if you don't expect your income to increase over the initial 5 year period to cover the change in monthly payment. |
5/1 ARMEXPRESS-15 Year
| Best Choice If:You want:
A low closing cost.
To keep your payments low.
The stability of a fixed monthly payment for the first 5 years of the loan. | Advantages:Initial fixed interest rate for 5 years.
The rate adjusts annually thereafter. | Disadvantages:Maximum LTV is 75%.
It's riskier if you don't expect your income to increase over the initial 5 year period to cover the change in monthly payment.
Not available on purchases. |
Cabin-30 Year 3/1 ARM
| Best Choice If:You want:
To purchase or refinance a cabin.
The stability of a fixed monthly payment for the first 36 months of the loan. | Advantages:Initial fixed interest rate for 36 months.
The rate adjusts annually thereafter.
Allows for higher loan amount qualification and enhanced buying power. | Disadvantages:Maximum LTV is 80%.
It's riskier if you don't expect your income to increase over the initial 36 month period to cover the change in monthly payment. |
