Home Loan Programs

    LOAN PROGRAM

  • 30 year fixed
  • 15 year fixed

    ADVANTAGES

  • As low as $0 down payment, depending on the loan program
  • Monthly payments are fixed over the life of the loan
  • Interest rate does not change
  • Protected if rates go up
  • Can refinance if rates go down

    DISADVANTAGES

  • Higher interest rate than adjustable rate mortgages
  • Higher mortgage payments than adjustable rate mortgages
  • Rate does not drop if interest rates improve

    LOAN PROGRAM

  • 10/1 ARM
  • 7/1 ARM

    ADVANTAGES

  • Lower initial monthly payment
  • Lower payment over a shorter period of time
  • Lower payment over a shorter period of time
  • Rates and payments may go down if rates improve
  • May qualify for higher loan amounts

    DISADVANTAGES

  • More risk
  • Payments may change over time
  • Potential for high payments if rates go up

    ADVANTAGES

  • Lower down payment
  • Easier to qualify
  • Sometimes you may get lower rates

    DISADVANTAGES

  • May be subject to income and property value limitations
  • Some programs which have government subsidies may have a recapture tax if you sell the house too early.

    ADVANTAGES

  • No closing costs
  • Less money required to close

    DISADVANTAGES

  • Higher rates
  • Higher payments

In addition to our standard loan programs, we also have a large number of unique programs to serve your needs:

  • Purchase a house with 0 down
  • Piggyback loans 80-10-10. No PMI payments even with 5% or 10% down.
  • Debt consolidation programs
  • Home Improvement loans
  • Qualify even if you may have been turned down before!

Home Loan Programs  |  Absolute Mortgage