Loan Types

The LIBOR ARM is tied to the LIBOR (London Interbank Offered Rate) index, and adjusts at six month increments. A periodic rate cap limits the increase in your rate at each adjustment to no more than 1%. The rate on your LIBOR loan will never go higher than 6% over the start rate. And the loan is assumable.

If you’re looking for maximum possible qualifying power, the 12 MAT Adjustable Rate Mortgage (AKA Option ARM) is the loan for you. With a super-low introductory rate, you can qualify for a larger loan – and a bigger house.

The 12 MAT loan has a very stable index (the average over a 12 month period of one year Treasury constant maturities). This averaging procedure means the index fluctuates less than any other index we offer. In turn, your rate is more stable.

If you are looking for an introductory rate that will help you qualify for a larger loan, but want that introductory rate for a longer time, check out our adjustable rate Treasury ARMs.

If you’ve been looking for an affordable way to increase your cash flow each month, look no further. we now offer a sensible way to take advantage of your home’s appreciation, the No Bull Financial Home Equity Line of Credit.

Balloon loans have fixed rates and terms of 5, 7, or 10 years. At the end of the term, the lender may declare the loan due and payable. While the lender may offer a refinance option at that time, there is no guarantee that you will be able to refinance. When contemplating a balloon loan, consider the loan to be due and payable at the end of the stated term.

The Fixed Rate Loan remains the most popular loan in America.

Why? Peace of mind. Most borrowers choose to purchase or refinance their home with a fixed rate loan because of the security a fixed interest rate and payment will give them.

The Equity Bridge Loan allows borrowers to use the equity in their current home to finance the down payment and closing costs on their new home.

A Lease Option allows borrowers who don't currently qualify to buy, to get into their home and begin building equity while they work on their credit profile. For sellers, it's a solution for selling in a sluggish market.

The REX Agreement is not a loan, but a real estate investment agreement in the form of a purchase option. It gives homeowners a portion of their home’s equity in cash today—in exchange for the right of REX & Co. to share in a specified percentage of the future increase or decrease in the home’s value.

Reverse mortgages have become very popular in recent years as a source of income for older Americans. The lender pays you the money either in a lump sum, in monthly installments, or as a line-of-credit. A reverse mortgage is a loan secured by home equity that doesn’t need to be repaid until the end of the loan term, which is usually when the homeowner no longer occupies the home as a principal residence, sells the home, or dies.

When currently between employment, and/or unable to verify employment.

USDA Guaranteed Rural Development loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities.