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Mortgage Loans
Conventional Loans
Conventional loans are mortgages that are not covered by any government program of insurance or guarantee. Such loans may be eligible for purchase by the major secondary market agencies Fannie Mae and Freddie Mac which offer standardized underwriting guidelines for conforming loan amounts up to $417,000. These loans can carry fixed or variable (ARM) rates and a variety of repayment terms that can be tailored to your individual needs. Generally, these loans do not have prepayment penalties.
ARM
Available on FHA, VA and Conventional Loans, an Adjustable Rate Mortgage (ARM) features a variable interest rate which is periodically adjusted. ARMs may provide the security, flexibility and affordability prospective home buyers desire. These loans are especially attractive to home buyers who plan to trade up in future years. Generally, initial interest rates are lower than on fixed rate mortgages.
Home Equity Loans and Lines
Fixed Rate Home Equity Loan
A fixed rate mortgage is available for a maximum of 20 years with "NO CLOSING COSTS". You can borrow up to $500,000. with the confidence that your interest rate and monthly payment will never increase. And, best of all, the interest on your loan may be tax deductible (Consult your tax advisor for details.).
Loans available for 1-4 family owner occupied residences and condos. Financing available to 80% of the property’s value. Higher loan-to-value programs are available. Please call the above number for details.
Home Equty Line of Credit
If you have an ongoing borrowing need, consider this revolving line of credit with a six month introductory rate (this rate will convert to the Prime lemding rate after the six month introductory period expires). There are "
NO CLOSING COSTS". Establishing your credit limit means you'll have funds available when you need it whether it's for home improvement, tuition payments or peace of mind for those unexpected emergencies. And the interest paid may be tax deductible (consult your tax advisor for details).
This program is applicable for 1-4 family owner occupied properties with a maximum loan amount to $350,000 and a maximum loan to value of 80%.
Auto Loans
New Auto Loans
We offer competitive interest rates with terms to 5 years. The minimum downpayment is 20% with a maximum loan amount of $60,000.
Used Auto Loans
We offer a competitive interest rate with terms up to 4 years for purchases or refinances of personal vehicles that are five model years old or less. The minimum downpayment is 20% with a maximum loan amount of $30,000.
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