We make dreams come true.
Unlike many area financial institutions, we service a loan after closing. That means clients will ALWAYS deal with a lender in our offices, not a person out-of-state or an automated 800 number. Our promise is to provide personal, flexible, and local service. Our lenders are available on Saturday mornings.
Understanding Your FICO Score
FREE Pre-Approval
- Know up front what loan terms, costs, and approximate monthly payment will be for ease in planning for the future.
- Clients and a Realtor will know how much home can be afforded, narrowing a home search to homes in the appropriate price range.
- Once a home is found, the final approval process and the closing can happen much sooner because the credit portion of the approval process is already complete.
- If an offer is being considered along with another offer on a home, a pre-approval can make the offer even more attractive to the seller.
- Our lenders can approve mortgage loans and service it locally to help open the door to a new home.
SINGLE CLOSE CONSTRUCTION LOANS
This type of loan establishes the construction loan as part of the buyer’s permanent mortgage loan. During construction, the buyer pays only the interest on the amount advanced. When the home is complete, the buyer will begin regular monthly principal and interest payments. This type of loan saves the buyer time and money by eliminating the additional application and loan closing process required for permanent mortgage options. It’s quick and easy.
FIXED RATE
- 15, 20, or 30-year terms
- Guaranteed Rate – fully amortized
- Interest may be tax deductible – consult tax advisor for details
- Fixed payment
- Low down payment options
- Interest only
- No prepayment penalty
- 5 or 7-year balloon
- 5 or 10-year fixed (in-house)
- Bi-weekly payments
ADJUSTABLE RATE
- 1, 3, 5, or 10-year term
- Fully amortized
- Good choice if not plannning on staying in the home long
- Flexible terms – can convert to a fixed rate at any time
WHEDA HOME LOANS
- Low fixed interest rate
- 3% down payment
- Assist the low and moderate income individual or family buy a home
- First time home buyer
- Income within current program limits
- Good employment and credit history
FHA MORTGAGE LOAN
The Federal Housing Administration (FHA) offers competitive loan options at market competitive rates. Because these mortgage loans are insured by FHA-government, borrowers can purchase a property with low cash requirements.
- Lower down payments offered, requiring an individual to have less cash to purchase a home.
- Less than perfect credit, the program can accommodate individuals that have blemished credit.
- Offered as a fixed rate loan.
- Higher Debt Ratio's than other home loan programs.
- Less than two years on the job is allowed.
- Self-Employed individuals o.k.
- Good mortgage product for the first time home buyer with low to moderate income.
INVESTMENT PROPERTY
- 1-4 family
- Fixed rate
- 15, 20, or 30-year terms
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