Fixed Rate Mortgages

The beauty of fixed rate mortgages is that the interest rate never changes, no matter what. That means borrowers’ monthly mortgage payments are more stable, more predictable, and can help them financially plan out their entire year. However, a fixed rate mortgage also means that a borrower’s rate will stay put, even if rates go down. Therefore, in order to take advantage of dropping mortgage rates, a fixed rate borrower would need to refinance.

To determine if a fixed rate mortgage is the best option for your home financing needs, contact us today for more information and a complimentary rate quote.

Adjustable Rate Mortgages

Many people are drawn to adjustable rate mortgages (ARMs) due to the fact that they generally offer low introductory mortgage rates that remain in place for a certain period of time. However, the introductory rate period is only temporary and after that term expires, the mortgage rate on an ARM can adjust. This can make ARM loans a more affordable option in the short term, but a more risky home financing choice in the long run.

Talk to an experienced loan officer to help determine whether an ARM is right for you.

FHA & VA Options

LoanStream is pleased to offer government backed FHA and VA home loan solutions. FHA loans offer home buyers the ability to purchase real estate with less money out of pocket than what is available through most conventional products. For those currently with FHA loans, refinancing with a FHA streamline mortgage can potentially lower your interest rate with low closing costs. Borrowers now may be eligible to qualify with credit scores down to 580.

VA loans are available to eligible military veterans and qualifying surviving spouses. VA loans often require little to no money down and have less restrictive underwriting guidelines when compared to other traditional financing solutions. Contact LoanStream today to see if a FHA or VA loan is right for you.

The 580 credit score meets FHA guidelines and is the lowest permissible credit score according to FHA guidelines. Loans are subject to FHA guidelines. You may qualify for this program by meeting those guidelines. Please review with your loan officer to learn more about our specific loan qualifications.
LoanStream Mortgage is not affiliated with or acting on behalf of or at the direction of FHA or the Federal Government.

Jumbo Loans

Whether you’re purchasing a luxury estate in the country, a posh oceanfront condo, or a large multi-unit investment property, a jumbo loan can cover your home financing needs when conventional loan limits cannot. At LoanStream, we have access to a wide variety of loan products, including jumbo mortgages for loans that exceed the conforming limits.

Talk to one of our experienced and professional loan officers for more information and to receive a complimentary rate quote.

Alternative Programs

We have programs that others don’t offer, even if you had a recent Bankruptcy, Foreclosure or Short Sale, we have programs for both purchase and refinancing. Hard time proving income on your tax returns? We have programs that will look at alternative proof of income such as bank statements or even no proof of income if you have sufficient assets.