Conventional Fixed Rate Mortgage.  A popular loan type, conventional fixed rate loans feature a constant interest rate for the life of the loan. Generally speaking, monthly payments remain consistently at the same amount. Traditionally borrowers are expected to provide a 20% down payment though this is not necessarily required depending on your loan amount. Contact us for details on down payment requirements.  Available terms generally range from 10 years, 15 years, 20 years and 30 years.

Conventional Fixed Rate Mortgage.

A popular loan type, conventional fixed rate loans feature a constant interest rate for the life of the loan. Generally speaking, monthly payments remain consistently at the same amount. Traditionally borrowers are expected to provide a 20% down payment though this is not necessarily required depending on your loan amount. Contact us for details on down payment requirements.

Available terms generally range from 10 years, 15 years, 20 years and 30 years.

Refinance Mortgage Loans   Homeowners looking to decrease their interest rate may consider refinancing. A refinance calls for the homeowner to obtain another mortgage loan. Those funds are then used to pay off the original mortgage loan and the homeowner has the terms of the new mortgage. Depending on your situation a refinance loan could be a great option.   Along with decreasing your interest rate, refinance loans can also help you switch from an ARM to a FRM, and in some cases reducing your loan term, monthly payment or even provide funds for much needed home repairs. 

Refinance Mortgage Loans 

Homeowners looking to decrease their interest rate may consider refinancing. A refinance calls for the homeowner to obtain another mortgage loan. Those funds are then used to pay off the original mortgage loan and the homeowner has the terms of the new mortgage. Depending on your situation a refinance loan could be a great option. 

Along with decreasing your interest rate, refinance loans can also help you switch from an ARM to a FRM, and in some cases reducing your loan term, monthly payment or even provide funds for much needed home repairs. 

Jumbo Loan   A jumbo loan, or non-conforming loan, usually means any home loan for amounts higher than $417,000. Jumbo loans feature similar loan programs to fixed rate and adjustable rate programs. There are even FHA jumbo loans. The main difference between jumbo loans and conforming loans is the interest rate.  Learn more about jumbo loans by contacting our knowledgeable staff today.

Jumbo Loan 

A jumbo loan, or non-conforming loan, usually means any home loan for amounts higher than $417,000. Jumbo loans feature similar loan programs to fixed rate and adjustable rate programs. There are even FHA jumbo loans. The main difference between jumbo loans and conforming loans is the interest rate.

Learn more about jumbo loans by contacting our knowledgeable staff today.

FHA Mortgage Loan  FHA loans are private loans insured by the federal government. These loans are popular with borrowers who don’t have enough funds to pay a traditional 20% down payment because they only require 3%  down to qualify. Those who choose these loans are required to pay mortgage insurance.   Please contact our knowledgeable staff today to find out if a FHA loan is right for you.

FHA Mortgage Loan

FHA loans are private loans insured by the federal government. These loans are popular with borrowers who don’t have enough funds to pay a traditional 20% down payment because they only require 3%  down to qualify. Those who choose these loans are required to pay mortgage insurance.

 Please contact our knowledgeable staff today to find out if a FHA loan is right for you.

VA Mortgage Loan     Like a FHA loan, VA loans are private loans insured by the federal government. VA loans are only available to qualified military veterans and their families. These loans are only available to these individuals for their own primary residences and cannot exceed a $417,000 loan limit.   Thank you to all veterans and their families for their service to our country.   For information on qualifying for this loan program please give our knowledgeable staff today.    

VA Mortgage Loan

 

Like a FHA loan, VA loans are private loans insured by the federal government. VA loans are only available to qualified military veterans and their families. These loans are only available to these individuals for their own primary residences and cannot exceed a $417,000 loan limit.   Thank you to all veterans and their families for their service to our country. 

For information on qualifying for this loan program please give our knowledgeable staff today. 

 

Adjustable Rate Mortgage (ARM).  Adjustable rate mortgages are loans where the interest rate is recalculated on a yearly basis depending on market values. As interest rates are adjusted so is the borrower’s monthly payment. While interest rates on ARM loans are generally lower than fixed rate loans they can eventually become higher.  Our quality mortgage experts can help you explore this option to determine whether an ARM is right for you.    Various types of ARM loans include Hybrid ARMs such as 10/1 year, 7/1 year, 5/1 year and 3/1 year programs. Contact our knowledgeable staff about adjustable rate mortgages today 1-888-843-6820

Adjustable Rate Mortgage (ARM).

Adjustable rate mortgages are loans where the interest rate is recalculated on a yearly basis depending on market values. As interest rates are adjusted so is the borrower’s monthly payment. While interest rates on ARM loans are generally lower than fixed rate loans they can eventually become higher.  Our quality mortgage experts can help you explore this option to determine whether an ARM is right for you. 
 
Various types of ARM loans include Hybrid ARMs such as 10/1 year, 7/1 year, 5/1 year and 3/1 year programs. Contact our knowledgeable staff about adjustable rate mortgages today 1-888-843-6820

Specialty Loans       AUMC  offers many Specialty Loan Programs.  We have great programs for Florida Condos and  Condo-Tels (investment and primary residence).  We offer Construction to Perm loans at great rates.  We also offer specialized loan programs for Second Home, Investment Property and Four Unit Buildings. Have a special circumstances and need to know what you qualify for?    Call us today to find out how AUMC can help!     1-888-843-6820

Specialty Loans

 AUMC  offers many Specialty Loan Programs.  We have great programs for Florida Condos and  Condo-Tels (investment and primary residence).  We offer Construction to Perm loans at great rates.  We also offer specialized loan programs for Second Home, Investment Property and Four Unit Buildings. Have a special circumstances and need to know what you qualify for?

Call us today to find out how AUMC can help!   1-888-843-6820


NMLS# 157118

 

Florida License# MBR660

 

Georgia Residential Mortgage License# 17975

 

Tennessee Residential Mortgage License# 4247

 

Licensed By the Virginia State Corporations Commission License# MC-4443

 

Maryland License# 16558

 

Colorado License- Registered