Loan Programs
Finding the right loan program is just as important as the
best rate.
Here are some of the various loan programswe have to offer you.
Adjustable Rates
An adjustable rate mortgage (ARM) can be easier on your wallet, help you qualify
for a larger mortgage, and could be much less expensive over time. It offers
you a lower starting interest rate, which can give you lower initial monthly
payments and make it easier for you to qualify. Payment caps and lifetime interest
rate caps can protect you and help keep your interest rate and payments within
your reach.
Alternative Programs
Don't want to document your income? Need down payment assistance? We have a
wide variety of non-conforming loan products including no income verification,
and no documentation loans. The best way to determine your needs is to fill
out our on-line form and we'll tell you the rates and programs you qualify for
in your area.
Another Chance
Dings in your credit? Allied Mortgage understands that people have valid explanations
for past credit problems - sickness, loss of a job, divorce, and other reasons.
If your credit history has a few bruises or even if you've experienced a bankruptcy
or other credit problems, we're willing to work with you. Use our free pre-qualification
today to find out what rates and programs are available.
Avoiding PMI (Private Mortgage Insurance)
Looking to avoid Private Mortgage Insurance? Lenders require loans over 80%
to carry PMI. Is there a way to get 90 or 95% financing without having PMI?
YES! Allied Mortgage offers relief from PMI. Let one of our loan associates
show how you can avoid paying PMI.
Fixed rates
Home loan interest rates are the lowest they've been in years! It's the ideal
time to buy or refinance you home, lower your payments and save a lot of money.
Take advantage of the low fixed rates allied mortgage has to offer before they
go up again.
Home Equity Lines of Credit
Need some cash? Use your home's equity how and when you want! This is a line
of credit secured by the equity in your home. It is an excellent plan when you
simply want the money to be there in case you need it. For example, if you decide
at any time that you want new furniture, a new car, to add a room, paint the
house, or anything else you can think of, all you have to do is write a check.
That's it. You pay no interest until you use the line. Plus, since this is a
revolving line of credit, as you pay back what you borrow, the money is yours
to use over and over again.
Plus the interest you pay on a home loan may be tax deductible.
Check with your tax advisor.
Please Read the Following: Rates, points and
programs cannot be guaranteed. This is not an advertisement for credit.
Maximum Loan amount for a conforming loan is $322,700. Jumbo is a loan
amount in excess of $322,700. Rates and APR's are based on amounts of
$150,000 for Conforming Loans and $400,000 for Jumbo Loans. |