Home Loans & Mortgages

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Fixed-Rate Mortgages

A fixed-rate mortgage ensures that your monthly payment remains the same throughout your loan term. We offer traditional terms of 15, 20, or 30 years, or you can customize your request by choosing a term between 5 and 20 years. Fixed-rate mortgages are ideal for those who plan to stay in their house long-term, allowing a consistent payment over the term of the loan.

Adjustable-Rate Mortgages (Fixed-rate term with adjustable feature)

An adjustable-rate mortgage (ARM) gives you the benefit of locking in a low fixed interest rate for a certain number of years, then adjusts after the fixed term expires. Adjustable-rate mortgages are ideal for those who may be considering moving within the first 5-7 years, as it allows you to take advantage of lower interest rates than the typical 30-year fixed rate mortgage.

The most popular ARMs have a fixed rate for the first five or seven years,  then have an adjustable rate that typically adjusts annually. These are called 5/6  or  7/6 ARMs.

Finding it hard to choose between fixed or adjustable rate?
Enhance your buying power with a 5/5 ARM!

Protect yourself from rising interest rates with a 5/5 Arm. Your APR will stay the same for the first 5 years of the loan, versus changing every year. It combines the lower payments of a traditional ARM with the extremely low fixed adjustment caps. Plus, it keeps your monthly payments predictable, even if market rates go up! Other benefits include:

• Rate as low as 3.25%/4.328% APR* for purchase and refinance
• Great for first-time buyers and those looking to move/sell in the next 15 years
• No points and no lender fees
• Loan amounts up to $2 million
• Rate adjusts once every 5 years, with a lifetime rate cap max of 5%
• Rate adjusts a maximum of 2% in year 6 and stays through year 10

Have questions? Call (877) 670-5860 to speak to a representative in our real estate department.

FHA Home Loans
The Federal Housing Administration (FHA) offers home loans with low down payment requirements, making it easier for more people to become homeowners.

Benefits Include:

• • • • • • • Great for First Time Homebuyer, purchases, and refinances
            • Lower down payment option and relaxed underwriting criteria than conventional mortgage loans
            • Requires affordable mortgage insurance premium upfront plus a monthly amount for the term of the loan
            • Allows gift funds from family/close friends
            • Offers expanded qualifying debt-to-income (DTI) ratios
            • FHA Limited 203K to cover purchases and FHA Standard 203K for renovations of fixer-uppers.
            • FHA Link lease-to-buy loan for DACA, ITIN, and self-employed “gig” workers
            • Maximum loan amounts apply (1- to 4-unit properties allowed)

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VA Home Loans
The VA (Veterans Administration) home loan program is offered to veterans and active military personnel. It can be used for both new purchases and refinances and does not require the borrower to be a first-time homebuyer.

Benefits Include:

• • • • • Guaranteed loan
        • No down payment or mortgage insurance
        • Open to veterans, active-duty, reserve, and National Guard military personnel, and surviving spouses
        • Provides 100% loan-to-value financing with minimum mortgage insurance
        • Imposes no income limits or restrictions
        • Offers expanded qualifying DTI ratios and flexible credit guidelines
        • Maximum loan amounts apply
        • Low VA funding fee of 2.15% or 2.40% based on military status (financeable)

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Right Move Program
If you’re using an agent to help buy or sell your home, look here first! You could earn a 20% rebate from the commission of a participating First Team Real Estate agent who represents you. That could add up to thousands of dollars in savings! Learn More

Free Home Buying Information
If you’re just starting out in the market or if you’ve been around the block a few times, our complimentary educational seminars might be just the information you need to make your decision. You can learn about:

• • • Purchasing real estate in the current market
    • Defining your ownership goals and creating your home buying strategy.
    • Choosing the right home loan for you

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