Learn more about conventional loans that can be:
- fixed rate loans
- adjustable rate mortgages
- balloon mortgage (more common in commercial real estate)
Fixed Rate Mortgages
Traditional fixed rate home loans are the most popular mortgage programs offered by our company. Choose from fixed rate products ranging from 10 years to 30 years in duration.
Adjustable Rate Mortgages
Not planning on being in your home for more than 7-10 years? Ask our home financing consultant about the pros and cons of adjustable rate mortgage programs.
Government Loans
If you are a veteran or if you meet other specific requirements, you may qualify for a special loan program: FHA, VA or USDA loans.
FHA home loans offer consumers a low-money down financing solution with credit guidelines that may be slightly more flexible than conventional loan criteria.
Our mortgage company offers several VA mortgage programs to eligible active duty service men and women, veterans, and their families.
USDA Home Loans for Long Islanders
These loans require that the party have good credit and live in a rural area as defined by the US Department of Agriculture. Rural is generally a town under 20,000 populations. Rural Development Loan (formally known as FmHA) requires no down payment and the closing cost can be added to the loan if the home appraises for the full amount.
Finding low jumbo mortgage rates can be like finding a needle in a haystack. At our mortgage company, you can choose from both fixed rate and adjustable rate jumbo loan programs at some of the best mortgage rates in the marketplace.
Today's home prices offer investors the ability to purchase real estate at costs not seen in several years. Talk to our loan officer to find out if a rental property could be part of your portfolio.
If you're building a new home, our mortgage company has specialized loan programs that are a great way to finance your construction project. The One-step construction mortgage is a construction loan and a permanent loan rolled into one. We worry about the paperwork, and you only have to get one loan.
Home Equity
A home equity loan is a fixed rate loan that utilizes the equity in your home as collateral. The funds loaned can be used for home improvements, purchase of a vehicle or other consumer goods, college expenses, etc. These are popular loans as the interest you pay may provide a tax deduction. (Consult your tax advisor to see if this applies to your situation.)
To begin making your Long Island home ownership dream a reality, call us today at (833) 266-7887 to learn about available home loans or fill out the prequalification form here to get started.
Whether you are a first-time buyer or an investor looking for a second home, our mortgage company is your go-to resource for home loans on Long Island, New York.
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