Whether you’re buying a first home or vacation property, we have mortgage options to meet your needs. Contact us to discuss the available terms for each of the products below.
Make your dream home a reality.
Make your dream home a reality.
Mortgages |
Maximum Loan to Value (LTV) | Minimum Loan Amounts | Terms |
1st Time Homebuyer |
90% of Sales Price or Valuation – whichever is lower | $15,000 | Rate adjusts annually after first 7 years, No PMI |
Conventional Mortgage |
up to 95% of Valuation or Sales Price – whichever is lower LTV > 80% requires PMI |
$50,000 with PMI $25,000 w/o PMI |
Fixed rate |
Adjustable Rate Mortgage (ARMS) |
80% of Valuation or Sales Price – whichever is lower | $15,000 | Rate adjusts annually after first 5, 7, or 10 years |
Construction/Permanent Mortgage |
80% of Valuation | $15,000 | 9 month Interest only payments during construction phase, then converts to ARM (see above) |
| USDA Mortgage | 100% of Valuation | $50,000 | |
| FHA Mortgage | 96.5% of Valuation | $50,000 | |
| VA Mortgage | 100% of Valuation | $50,000 | |
| Home Equity Line of Credit | Max Total LTV of 80% (less 1st Mortgage Balance) |
$15,000 | 15 years |
