Products

Trusted Lending Center offers a variety of loan programs to meet your needs. We work with the leading investors in the industry to provide Conventional Fixed Rate and Adjustable Rate Mortgages to accomplish your mortgage goals.

If you're not sure which mortgage loan option is right for you, call us at 855-440-4852 and we will be happy to assist in determining the best option for you.

A mortgage that has a fixed interest rate for the entire term of the loan. The distinguishing factor of a fixed-rate mortgage is that the interest rate over the entire period of the mortgage is known at the time the mortgage is originated. The benefit of a fixed-rate mortgage is that the homeowner will not have to contend with varying loan payment amounts that fluctuate with interest rate movements. The 15-year fixed rate mortgage enables homebuyers with sufficient income to meet the higher monthly payments to pay off the house sooner. They own more of their home faster with this kind of mortgage and pay substantially less interest over the life of the loan compared to a 30 year fixed rate mortgage.

Term: 15 years
Maximum Amount: $417,000

A type of mortgage in which the underlying terms and conditions meet the funding criteria of Fannie Mae and Freddie Mac. Advantages - The 15-year fixed rate mortgage offers the qualified consumer five big advantages.

  1. You own your home in half the time it would take with a traditional mortgage.
  2. You save more than half the amount of interest of a 30-year mortgage. On a $200,000 mortgage at 5.75 percent, you save more than $140,000.
  3. Lenders usually offer this mortgage at a slightly lower interest rate than with 30-year loans - typically 0.5 percent to 1.0 percent lower. It is this lower interest rate added to the shorter loan life that realizes the savings for 15-year fixed rate borrowers.
  4. Fixed rate means exactly that - no matter where mortgage interest rates go, the payments for this mortgage stay the same from the first payment to the last payment. This helps many borrowers plan their budgets with more certainty. They know that their monthly payments will not increase (or decrease) and throw their financial planning off.
  5. 15-year mortgages can be insured by the Federal Housing Administration (FHA) and the Veterans Administration (VA), and with private mortgage insurance.

The disadvantage associated with a 15-year rate mortgage is the monthly payments for this type of loan are higher than those for a 30-year mortgage, roughly 10 percent to 15 percent higher per month.
 

A mortgage that has a fixed interest rate for the entire term of the loan. The distinguishing factor of a fixed-rate mortgage is that the interest rate over the entire period of the mortgage is known at the time the mortgage is originated. The benefit of a fixed-rate mortgage is that the homeowner will not have to contend with varying loan payment amounts that fluctuate with interest rate movements.

Term: 30 years
Maximum Amount: $417,000

A type of mortgage in which the underlying terms and conditions meet the funding criteria of Fannie Mae and Freddie Mac. About 35-50% of mortgages, depending on market conditions and consumer trends, are conventional mortgages. In other words, Fannie Mae and Freddie Mac guarantee or purchase 35-50% of all mortgages.
 

An FHA mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). FHA loans are designed for borrowers who are unable to make a large down payment. FHA loans allow the borrower to borrow up to 97% of the value of the home. The 3% down payment requirement can come from a gift or a grant, which makes FHA loans popular with first-time buyers.

Term: 30 years
Maximum Amount: $271,050

The Federal Housing Administration guarantees their FHA program in lieu of private mortgage insurance (PMI) so qualified borrowers can get a mortgage loan with a low down payment. The FHA doesn't lend the money for the mortgage loan they guarantee the loan. The U.S. Department of Housing and Urban Development Web site can help you find HUD-approved counselors in your area who can answer your questions about FHA loans, specific to your situation. The most popular FHA loan has a minimum cash investment requirement of 3 percent but permits 100 percent of the money needed at closing to be a gift from a relative, nonprofit organization or government agency. The biggest disadvantage to FHA loans is the mortgage insurance premium. In most 15- or 30-year FHA loans, the borrower pays 1.5 percent of the loan amount at closing, along with a 0.5 percent annual renewal premium paid annually over the life of the loan. Unlike private mortgage insurance (PMI), the mortgage insurance premium isn't canceled when the homeowner's equity reaches a target level. You may qualify for a partial refund of the upfront mortgage insurance premium if you owned your home for less than five to seven years. It's five years for loans closed after Jan. 1, 2001 and seven years for loans closed before Jan. 1, 2001 and after September 1983.
 

The United States Veterans Administration helps service members, veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy. VA Home Loans are provided by private lenders, such as banks and mortgage companies.

Term: 30 years
Maximum Amount: $417,000

Purchase and Cash-Out Refinance Home Loans With a Purchase Loan, VA can help you purchase a home at a competitive interest rate, and if you have found it difficult to find other financing. VA's Cash-Out Refinance Loan is for homeowners who want to take cash out of your home equity to take care of concerns like paying off debt, funding school, or making home improvements. The Cash-Out Refinance Loan can also be used to refinance a non-VA loan into a VA loan. VA will guaranty loans up to 100% of the value of your home. The guarantee VA provides to lenders allows them to provide you with more favorable terms, including: No down payment as long as the sales price doesn't exceed the appraised value. No private mortgage insurance premium requirement. VA rules limit the amount you can be charged for closing costs. Closing costs may be paid by the seller. The lender can't charge you a penalty fee if you pay the loan off early.VA may be able to provide you some assistance if you run into difficulty making payments. You should also know that: You don't have to be a first-time homebuyer. You can reuse the benefit. VA-backed loans are assumable, as long as the person assuming the loan qualifies.
 

The mission of the United States Department of Agriculture (USDA) Rural Development’s Single Family Housing Guaranteed Loan Program is to assist low to moderate income rural homebuyers achieve their dream of homeownership! Rural Development partners with approved local lenders to extend 100% financing opportunities to eligible rural individuals and families for the purchase of safe and sanitary dwellings. Guaranteed loans have assisted thousands of homeowners to purchase a home with affordable interest rates and loan terms. Applicants must purchase a home within the eligible rural areas, and have a household income that does not exceed the established limits where the home is located.

Term: 30 years
Detailed Overview
 

Jumbo financing for loan amounts that are a minimum of $50 above the maximum allowed under the Super Conforming Loan Limits based on the county in which the subject property is located.

Purchase and Rate/Term Refinace Primary Residence (Second Home Max LTV/CLTV)

  • Minimum to $1,500,000 — Max LTV/CLTV 75% (65%)
  • 1,500,001 to $2,000,000 — Max LTV/CLTV 70% (60%)
  • $2,000,001 to $3,000,000 — Max LTV/CLTV 60% (50%)

Term: 30 years
Maximum Amount: $3,000,000

Propety types - 1 unit single family residence (detached and attached). 1 Unit PUD (detached Only)

Minimum FICO 720 - Resididual Income Primary Residence/Second Home, $800/$2,500.

Secondary Financing not permitted.
 

 
 

Let us provide your next mortgage.

Get Started