Loan Programs

Mortgage Loan Specialists offers a variety of loans to meet you individual needs.

FIXED RATE

With a fixed rate loan your monthly payments remain steady. The monthly sum of the principal and interest rate will never change.

ADJUSTABLE RATE

Adjustable rate mortagages typically have an initial fixed rate that is lower by comparison to a fixed rate mortgage. The initial fixed rate is followed by adjustment intervals. For example 3/1 ARM is fixed for the first three year and then is adjustable every year after.

GOVERNMENT LOANS

VA loans are offered to military service personel proving up to 100% financing.
FHA loans provide first time home buyers a low downpayment option (3%) and is easier to qualify.

100% FINANCING

No down payment? We offer competitive rates for 100% financing loans. Keep your funds.

NO INCOME/NO ASSET “NINA”

Own your own business or make commissions? Don’t draw a steady paycheck? The NINA programs offer limited documentation mortgages.

REFINANCE

Cash out equity on your existing mortgage or simply lower your interest rate and payments.

HOME EQUITY/DEBT CONSOLIDATION

We offer a variety of fixed and adjustable interest rate lines of credit. Consolidate higher interest debt, remodel your home or simply pull some more cash.

LESS THAN PERFECT CREDIT

We can custom fit a solution. With so many different types of loans, let us match a program that fits your needs.