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| 30 Year Fixed |
| FHA 30 Year |
| FHA 1 Year ARM |
| 15 Year Conventional |
| Long Term Rate Caps |
| 5/1 ARM |
| 3/1 ARM |
| 1/1 ARM |
| 7/1 ARM |
| 100% Mortgage Financing |
| Flex Payment Mortgages |
| Interest Only Programs |
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30 Year Fixed
This is the common 30 year conventional mortgage with a fixed rate for the life of the loan. This loan is a safe choice for most anyone especially for those who plan to stay in this home for a long period of time.
Term: 30 years
Maximum Amount: $359,650
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FHA 30 Year
The FHA 30 Year Mortgage is a great choice for several reasons. First, this loan has an interest rate that is locked for the life of the loan. Second, it offers a lower required down payment than conventional mortgages at 3%, and that down payment can be a gift from a family member or a not for profit organization. Additionally, FHA loan programs typically have lower mortgage insurance than conventional loans with a minimum down payment.
Term: 30 years
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FHA 1 Year ARM
The FHA 1 Year ARM is a great choice for the first time buyer. Like the FHA 30 Year, it offers the low 3% down payment, attractive mortgage insurance rate, and is ammortized over 30 years. However, this loan differs in interest rate and the period of time that rate is fixed. The FHA ARM typically starts at a much lower interst rate than the 30 year. That initial rate is fixed for one year after which it can adjust (up or down) one time per year for each of the following years. The adjustment is a maximum of just 1% in any given year and 5% over the life of the loan. This program can often keep mortgage payments lower than a 30 year program for the first several years of home ownership, again making it an ideal choice for the first time buyer.
Term: 30 years
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15 Year Conventional
The 15 year conventional is a fixed rate mortgage similar to the 30 year conventional, however it is ammortized over 15 years rather than 30 years. Again, the rate is fixed for the life of the loan.
Term: 15 years
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Long Term Rate Caps
As experts in financing for new construction, we know the importance of protecting your interest rate during the construction process. Therefore, we offer rate caps & rate locks for 6, 9, 12 and even 18 months. If you are building a new home, contact us today!
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5/1 ARM
Term: 30 years
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3/1 ARM
Term: 30 years
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1/1 ARM
Term: 30 years
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7/1 ARM
Term: 30 years
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100% Mortgage Financing
There several ways to finance a home with little or even no money down. Contact one of our Finance Specialists today to learn more!
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Flex Payment Mortgages
If you are paid on a commission basis or periodic bonuses, would'nt it be nice to make mortgage payments when you have the money to pay them. With our flexible loan programs, you can choose when to make smaller payments and when to contribute more to your principal. Contact us today to learn more.
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Interest Only Programs
Want to give yourself an opportunity to make smaller payments and free up your cash for other things? Now you can with an interest only option from Pinnacle Home Mortgage. Contact us today to learn more!
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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