Mortgage

Whether you’re buying a first home or vacation property, we have mortgage options to meet your needs.

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 Fixed rate for 7 years, adjusting annually thereafter, No PMI

up to 30 Years

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

up to 30 Years


Adjustable Rate Mortgage (ARMS)
80% of Valuation or Sales Price –  whichever is lower $15,000 Fixed rate for 5, 7, or 10 year term, adjusting annually thereafter

up to 30 years

Construction/Permanent Mortgage
80% of Valuation $15,000 9 month Interest only payments during construction phase, then converts to ARM (see above)

up to 30 years
USDA Mortgage 100% of Valuation $50,000 up to 30 years
FHA Mortgage 96.5% of Valuation $50,000 up to 30 years
VA Mortgage 100% of Valuation $50,000 up to 30 years
Home Equity Line of Credit Max Total LTV of 80%

(less 1st Mortgage Balance)
$15,000 15 years