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Mortgage Loan Options
Fixed Rate Loans (First Mortgage Position) A Fixed Rate Loan gives you peace of mind, knowing that you can plan ahead and be aware of exactly what your principal and interest payments will be. Loan Program Why Choose It Features 30-year Fixed Rate Loan I want a fixed rate. I want my payments to remain the same for the longest period of time. Up to 97% ltv (Loan To Value) financing. 20-year Fixed Rate Loan I want a fixed rate. And I want to pay my home off quicker. Up to 97% ltv (Loan To Value) financing. 15-year Fixed Rate Loan I want a fixed rate. I want to pay my home off in 15 years. Up to 97% ltv (Loan To Value) financing. 10-year Fixed Rate Loan I want a fixed rate. I want to pay my house off in 10 years. Up to 97% ltv (Loan To Value) financing. No Money Down Loan I don't have money to use as a down payment. Allows you to buy the most home. 103% - 107% Financing I would like to put no money down and finance closing costs and/or credit debt. Allows you to come in the least amount at closing. No Mortgage Insurance Loan I have less than 20% down and do not want a second mortgage, but yet do not want to pay mortgage insurance. Up to 97% loan with no mortgage insurance. Interest Only Loan I want to minimize my monthly payments, and save cash for other purposes-debt reduction, investment, savings. Allows you to buy the most home with the lowest payment. Stated Income Loan I cannot or will not document my income. Self employed borrowers often need this option if a significant portion of their income can't be documented. Gives you the flexibility of not having to document your income. No Document Loan No documentation required except a credit report. Up to 95% financing with just a 680 credit score.
Adjustable Rate Loans (ARM's) (First Mortgage Position) An adjustable rate mortgage gives you the flexibility of a determined fixed rate period of up to 10 years. ARM's are offer fixed rate periods in 1 month, 6 month, 1,3,5,7, or 10 years before converting to an adjustable rate for the remainder of the 30 year loan. Loan Program Why Choose It Features 1 Month Pay Option ARM I want the absolute lowest monthly obligation. 4 different payment options each month.
- 1% amortized payment
- Margin + Index Interest Only
- Margin + Index amortized over 30 years
- Margin + Index amortized over 15 years
Up to 95% financing available 1% start rate
Maximum annual payment cap
Stated Income OK
ARM's with fixed time periods I want to start with a low payment, or want to afford more home. - or - I know I will sell or refinance before the adjustable period begins. Up to 95% financing available. fixed rate periods in 1 month, 6 month, 1,3,5,7, or 10 years available.
Stated income OK
Interest Only ARM's I want to minimize my monthly payments, and save cash for other purposes-debt reduction, investment, savings. - or - I want to afford the most home possible (by changing my debt to income ratio) Up to 95% financing available All options of above ARM's can have an interest only period.
Flexible Loan Programs If your situation calls for a more creative solution, take a look at the loan programs below. We offer real world solutions for people in all types of credit and income situations. Don't let the dream of home ownership pass you by. Loan Program Why Choose It Features Damaged Credit Fixed Rate Loans Have the security of a fixed rate loan. Click here to learn more about the flexibility of our Damaged Credit Loans.
Available in 30/15 year terms
100% financing available. Minimum 580 credit score
Stated income OK
Damaged Credit ARM (adjustable rate mortgage) Loans Enjoy a the security of a set fixed rate period and a lower interest rate than a standard fixed rate loan. Click here to learn more about the flexibility of our Damaged Credit Loans.
Available in fixed rate periods of 2/3/5 years.
100% financing available. Minimum 580 credit score
Stated income OK
Damaged Credit Interest Only Loans Both loan types above are available as interest only loans. This will save you money and allow you to pay off high interest credit debt. Same as above two.
Home Equity Line of Credit A home equity line of credit is a form of revolving credit which your home serves as collateral. It is basically a credit card that's secured by the equity in your home. Many homeowners use these credit lines for major items such as debt consolidation, travel expenses and home improvements. Loan Program Why Choose It Features Home Equity Line
of Credit (HELOC)
- Flexible access to funds
- Potential tax advantages
- You only draw what you need
- You only pay interest on what you borrow
Ties up equity making it unavailable for other needs Higher interest rate than a first mortgage
Home Equity Loan (Second Mortgage) A home equity loan enables you to borrow money in a lump sum against the equity (the value of your home minus what you owe) you have built up in your home. This loan is subordinate to the existing first mortgage. Buyers commonly use a second mortgage to keep their first mortgage in the conforming range (which keeps the rate lower) and to avoid PMI. Home equity loans are often used to pay off credit card debt, buy a car or to make major renovations to a home. Loan Program Why Choose It Features Home Equity Loan (Fixed Rate Second) Know that your second mortgage payment will remain the same with a fixed rate. Allows you to take cash out. Or you can consolidate higher interest credit debt.
125% Fixed Rate Second Mortgage With 125% financing you can borrower more than your house is worth. Enjoy the benefits of a fixed rate.
Finance Home Improvements. Pay off higher interest credit debt.
We can assist you...
RESIDENTIAL LOAN PROGRAMS
COMMERCIAL LOAN PROGRAMS
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