A variety of loan programs to meet your needs!
We work with the leading lenders in the industry to provide:
• Conventional – both Fannie Mae and Freddie Mac loans
• Conventional – less than 20% down
• Adjustable Rate Mortgages (ARMS)
• FHA / HUD loans
• Veteran’s Affairs Loans
• USDA / Rural Housing Loans – 100% financing available
• Jumbo loans
• Fixed rate loans
• Adjustables and Interest only loans
Mortgage Rates Evansville
Conventional Fixed Rate
• The principal and interest on a fixed rate loan never changes.
• It can be a term of 10, 15, 20, 25 or 30 years.
• We have down payment options as low as 3% for this product
• We also offer borrower paid (lump sum) and Lender paid mortgage insurance, you don’t pay the monthly amount!
• Maximum loan amount on this product is $417,000
Visit the following web sites to obtain more information about conventional loans:
• Federal National Mortgage Association – www.fanniemae.com
• Federal Home Loan Mortgage Corporation – www.freddiemac.com
Mortgage Rates Evansville
Veterans Affairs Loan (VA)
• This loan is backed by the Department of Veteran Affairs.
• This loan can be a fixed rate with a term of 10, 15, 20, 25 or 30 years.
• VA also now offers 3/1 Adjustable Rate Mortgages (ARM).
• Term: 30 years Maximum Amount: $417,000
Visit the following web sites to obtain more information about Veterans Affairs Loans:
• Veteran’s Affairs – www.va.gov
Mortgage Rates Evansville
FHA (Federal Housing Administration) or HUD
• This is a loan backed by the U.S. Department of Housing and Urban Development.
• This can be a 10, 15, 20, 25 or 30 year loan.
• It is offered as a fixed rate, a 3/1 ARM, a 5/1 ARM and a One Year Adjustable (ARM).
• Maximum loan amount varies by county.
Most Indiana and Kentucky counties have a limit of $271,050 for a one family household,
but some counties have higher limits. Please call us for the maximum in your area.
Visit the following web sites to obtain more information about FHA or HUD Loans:
• HUD – www.hud.gov
Mortgage Rates Evansville
Rural Housing Loans
• You are able to finance up to 100% of the purchase price on this loan.
• Property must be located in an eligible rural location.
• The borrower must qualify based upon their income and family size.
• Income limits and property eligibility is determined by USDA. Please call us for more details.
Please ask us for more information.
Mortgage Rates Evansville
Rehab loans – FHA 203 and 203k
• The opportunity to rehabilitate a property you may be interested in purchasing by financing in eligible repairs.
• Please call us for more details on minimum loan amounts, eligible repairs, etc.
Visit the following web sites to obtain more information about FHA or HUD Loans:
• HUD – www.hud.gov
