Mortgage Loans
Mortgage Loans
When starting the home purchase process, whether you are a first-time home buyer or an experienced home owner, the course can be a very stressful one.
Deciding on the loan program, term, or interest rate can greatly affect your payments and your ability to qualify for a home loan.
Here at A1stP, we strive to provide the best financing options to our clients and maintain the goal to put you and your family first.
Give us a call today so we may help guide you through this process.
When refinancing your home, it is important to choose the right program for your family. There are primarily four possible purposes that a borrower would elect to refinance their home.
- Consolidate Debt – Consolidating your debt into one low fixed interest rate loan would substantially decrease a borrower’s total monthly payment.
- Cash out – Need to remodel your house or just need some cash for a rainy day? With soaring values, your home probably has significant equity. Convert that equity into a tangible item. Call us today!
- Adjust the term of your loan – Either your payment is currently too high or you would like to pay off your current mortgage loan faster. A1stP has programs: terms from 10 Years to 40 years with Interest Only programs.
- Lower your payment and Interest Rate – Mortgage refinancing can lower your monthly payment*, which can add up to significant savings. With rates at an all-time low, it is important to know all your options.
When refinancing an existing loan, the consumer’s total finance charges may be higher over the life of the loan.
A Reverse Mortgage or Home Equity Conversion Mortgage (HECM) can alleviate many stresses that our seniors face today. A reverse mortgage might not be for everyone, but if it fits your financial circumstances, it may be what you’re looking for.
Get Cash from your home equity – Being on a fixed income in a rising cost of living market can create tremendous stress. A HECM loan may be able to provide seniors an additional consistent flow of income from the mortgage.
Eliminate your monthly mortgage payment – Borrowers will not need to make monthly payments on a HECM loan. However, it is still a requirement to pay HOA Dues, Property Taxes and Insurances.
No Limitations and Restrictions – Borrower who cash out on their home with a HECM loan have no limitation or restriction on what they can spend their proceeds on. Either on home improvement or vacation around the world, a HECM loan may be able to meet your goals.
Loans Tailored to Your Needs
VA
A mortgage loan for American veterans (or their surviving spouses) and active military
Jumbo
A1stP offers low-rate home loans that exceed conforming loan limits
Non-QM
A wide variety of products for borrowers who may not qualify through traditional lending criteria.
Adjustable Rate
This loan program works well for short-term homes or if you would simply like lower payments
Fixed Rate
Your conventional fixed-rate mortgage. This is our most popular program for home purchases or refinancing
FHA
Qualify for low down payments (typically for first-time buyers). Your mortgage is insured by the Federal Housing Administration
USDA
A USDA home loan requires no down payment for eligible homebuyers in rural and suburban areas. It is also known as the USDA Rural Development Guaranteed Housing Loan Program
Home Equity
Home equity loans are a type of fixed-rate second mortgage. They give you access to funds, similar to a credit card, with typically lower rates
Join Our United We Can Initiative!
A non-profit partnership program
DSCR
Our DSCR loan program is specifically designed to assist new and experienced real estate investors in financing their properties, qualifying based on the cash flow generated by the investment.
2nd-Mortgage
Our Second Mortgage is designed to provide an additional financing option for homeowners who are looking to borrow money against the equity in their homes.