Loan Programs

Fixed-Rate Mortgages
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal & interest payments which never change during the loan’s lifetime.

Non-Conforming Loans
Non-Conforming (Non QM) loans are typically used for self-employed and investor borrowers. Non-QM allows for reduced documentation needed from the borrower.

Reverse Mortgages
Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home.

Adjustable Rate Mortgages ( ARM)
Adjustable-rate mortgages include interest payments that shift during the loan’s term, depending on current market conditions. Typically, These loans carry a fixed-interest rate for a set period of time before adjusting.

Hybrid ARMs (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)
Hybrid ARM mortgages combine features of both fixed-rate and adjustable-rate mortgages and are also known as fixed-period ARMs.

FHA Loans
FHA home loans are mortgages that are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

Interest Only Mortgages
Interest-only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specified period of time.

VA Loans
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low-interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of homeownership.

Call The Nunes Lending Team –  (480) 720-7777 OR Nunesteam@barrettfinancial.com