|Fixed Rate Mortgage
||Your monthly mortgage payment remains the same for the entire
term of the loan. If interest rates increase, your mortgage payment
won't be affected.
||10, 15, 20, 30 year fixed terms available
Take advantage of near record low fixed mortgage rates
Ask about our no closing cost option
|Adjustable Rate Loan
||Adjustable rate mortgages (ARMs) generally start with a lower
interest rate and a lower payment. However, the interest rate may
change during the life of the loan.
||10/1, 7/1, 5/1 and 3/1 ARMs available. The first
number (10 for example) is the length of the initial period, during
which the interest rate is fixed. So, the interest rate on a 10/1
ARM will be fixed for the first 10 years.
||Loan amounts which are greater than conventional limits. Buy
more home with a New Penn jumbo loan. Loans up to $3 million.
||Fixed and adjustable rate terms available Our
jumbo loan programs do not include mortgage insurance premiums -
saving you even more money.
||Only a 3.5% down payment required for purchases. Finance most
of the closing costs.
||An FHA loan is insured by the Federal Housing
Administration. Ideal loan program if you have a lower credit score
or limited cash available for a down payment.
|Real Estate Investor Loan (new)
||Purchase investment properties with flexible income and
documentation options. Perfect for the serious real estate
Borrow up to $650,000 per property. Income sources include
rental, W2 and self-employment.
|Foreign National Loan (New)
||Financing that makes buying a U.S. home easier for non-U.S.
||Fixed and adjustable rates. No pre-payment
penalties. Competitive interest rates.
||100% financing available on purchases. No monthly insurance
||If you are serving in the military, National Guard
or Reserve, a veteran or a surviving spouse of a veteran, you may
be eligible for a Veteran Administration (VA) loan.
|203(k) Streamline Loan
||Useful for buying REO properties. One loan to fund the purchase
of a new home and the repairs.
||Finance up to an additional $35,000 into your
mortgage to improve or to upgrade your home. You can
quickly and easily tap into cash to pay for property repairs or
||Loans offered in rural areas as determined by the USDA.
||Home buyers are eligible for this program when
other financial products are not suitable.
|Fannie Mae HomePath Loan
||Provides borrowers with flexible financing to purchase
foreclosed properties that are owned by Fannie Mae (little money
down and no PMI).
||No appraisal. Available on second home and
investment properties at reduced loan-to-value. Eligible properties
can be found at www.homepath.com.