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Loans and Programs

Loans and Programs

Looking for a loan today? Consider the following Prosperity Advantages....

  • FHA and VA Mortgage Programs:
    • Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) loans are popular homebuyer choices, but are also available if you're refinancing your mortgage.
    • Streamlined refinances
    • For more information, click here.

  • Fixed-Rate and Adjustable-Rate Mortgages:
    • Two of the most popular loan types for buying a home or refinancing your mortgage (including cash-out refinances).
    • Both options are available for conventional conforming loan amounts, jumbo (non-conforming) loan amounts, and FHA or VA programs.
    • For more information, click here.

  • Jumbo Loan:
    • A jumbo, or non-conforming, loan provides financing for loan amounts higher than the maximum conforming limits set by Fannie Mae and Freddie Mac. It may be a good choice if you have a higher property value and can manage larger monthly mortgage payments. Jumbo loans are available for purchase and refinance loans (including cash-out refinances).
    • A "non-conforming" loan with mortgage amounts above the maximum conforming limits.
    • Available in a variety of fixed-rate and adjustable-rate loan options.
    • For more information, click here.

  • Renovation Loans:
    • Our renovation loans may help you finance a home and cover the cost of improvements ranging from basic repairs or upgrades to more expensive additions or rebuilding.
    • Qualified customers can buy or refinance a home, plus finance needed improvements or repairs — all in one convenient transaction.
    • For more information, click here.

  • FM Lending Buyer Advantage:
    • If you are buying a home and want your home purchase offer to stand out to sellers, ask for the Prosperity Buyer AdvantageTM
    • By electing to participate, you can get much of the home financing process out of the way and obtain a fully-underwritten Commitment Letter before you even begin searching for a home. Plus it is NO COST to you and a must have in today's competitive real estate market
    • For more information, click here.

  • Two Step Advantage (15/15 ARM):
    • Combines the low rate of an ARM with the stability of a fixed rate mortgage.
    • 30 year amortization with only ONE rate adjustment at the beginning of year 16; so it is fixed in two 15 year intervals, hence the name "Two Step".
    • This mortgage is ideal if:
      • You are considering a 15 year loan term but are concerned about the higher payments.
      • You want the lower payments offered by an ARM but are concerned about the risks associated with an adjustable rate mortgage.
      • You are planning to move again in the next 15 years.
    • For more information, click here.

  • 5 & 5 Advantage (5/5 ARM):
    • Fixed Interest Rate for the first 5 years of the loan.
    • Interest Rate may adjust only once each 5 year period.
    • 5% lifetime cap above start rate over the life of the loan.
    • For more information, click here.

NOTE: Please see program specific pages for details or speak with your local mortgage consultant.
By refinancing an existing loan, your total finance charges may be higher over the life of the loan.

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