Mortgage Types

30-Year Fixed Rate Conventional Mortgage

Is it right for me?

  • Do you plan to stay in your home for many years?
  • Do you prefer a consistent mortgage payment for budget planning?
  • Does your peace of mind depend on a payment that never changes?

If you answered yes to any of these questions, a 30-year fixed might be right for you! Since your rate won't change for the life of your loan, your payment will never increase.

Features

  • 30-, 25-, 20- are all available with fixed rates
  • Refinance up to 95% of your primary home's value
  • Buy a home with as little as 5% down (primary home)
  • Loan amount minimum of $20,000
  • Jumbo Conventional loans available over $417,000
  • Adjustable rates available 1-,3-,5-,7- and 10-years

Benefits

  • Monthly payments based on interest rate, principal loan amount, and amortized interest over 30 years
  • Your payment will not change throughout the life of the loan
  • Your actual payment will vary based on your situation and the current interest rates when you apply
  • Pay your mortgage at any time without pre-payment penalties

15-Year Fixed Rate Conventional Mortgage

Is it right for me?

Mortgage Rates on the 15 Year Fixed Fall to Decades Low

  • Do you want to pay less interest over the course of your loan?
  • Do you want the security of a consistent rate and payment?
  • Do you want to pay off your mortgage as fast as possible?

If you answered "Yes" to any of these questions our 15-year fixed loan, might be right for you! Lower rates and a shorter term means less interest overall, making this loan a top choice for the financially savvy.

Features

  • 15- and 10-year terms are all available with fixed rates
  • Refinance up to 95% of your primary home's value
  • Buy a home with as little as 5% down (primary home)
  • Jumbo Conventional loans available over $417,000
  • Adjustable rates available 1-,3-,5-,7-,10-years

Benefits

  • Monthly payments based on interest rate, principal loan amount, and amortized interest over 15 years
  • Your payment will not change throughout the life of the loan
  • Your actual payment will vary based on your situation and the current interest rates when you apply
  • Pay your mortgage at any time without pre-payment penalties

FHA Loan

Is it right for me?

  • Do you need less stringent qualification and credit requirements?
  • Is your down payment or home equity less than 20%?
  • Do you prefer the security of a government-insured loan?

If you answered yes to any of these questions, an FHA loan may be right for you! The easiest way to qualify for refinancing or home buying, an FHA gives you a government-insured loan with flexible choices – opt for the security of a fixed rate or the versatility of an FHA 5-year ARM.

Features

  • 30-, 25-, 20- and 15-year terms are all available with fixed rates
  • Credit scores as low as 620 may qualify
  • 5-year adjustable-rate mortgage available
  • Refinance up to 97.75% of your primary home's value
  • Buy a home with as little as 3.5% down (primary home)

Benefits

  • Your actual payment will vary based on your situation and the current interest rates when you apply
  • Pay your mortgage at any time without pre-payment penalties

VA Loan

Is it right for me?

If You've Served Your Country. VA Loans are a Benefit You've Earned.

  • Are you a veteran, member of the military, or a surviving spouse of a veteran?
  • Do you want fast approval and minimal red tape?
  • Are you interested in refinancing up to 100% of your home, or buying a home with no down payment?

How it works

  • 30-, 20- & 15-year fixed-rate and 5-year ARM loans available
  • Jumbo VA loans available
  • Credit Scores as low as 640 qualify for VA loans
  • Refinance up to 100% of your primary home's value
  • Buy a home with no money down (primary home)
  • No monthly PMI (Private Mortgage Insurance)
  • VA loans are governed by the U.S. Department of Veterans Affairs

Benefits

  • Fixed rate monthly payments are based on interest rate, principal loan amount and amortized interest over 15, 20 or 30 years. Your payment will not change throughout the life of the loan
  • ARM interest rates are fixed for a period of 5 years. After the fixed rate period, your interest rate can adjust up or down depending on the market
  • Your actual payment will vary based on your situation and the current interest rates when you apply
  • Pay your mortgage at any time without pre-payment penalties

Fixed Rate Home Equity Loan

Is it right for me?

  • Do you need to refinance your existing mortgage?
  • Do you want to avoid the high closing costs associated with a mortgage refinance?
  • Does your peace of mind depend on a payment that never changes?

If you answered yes to any of these questions, an ARC Fixed Rate Home Equity Loan might be right for you! Avoid the cost and time involved with a traditional mortgage refinance.

Features

  • 20-, 15-, 10-, 5- and 3-year terms are all available with fixed rates
  • Refinance up to 80% of your primary home's value
  • Finance as little as $10,000

Benefits

  • Your payment will not change throughout the life of the loan
  • Minimal closing costs
  • Quick closings

Home Equity Line-of-Credit

Is it right for me?

  • Do you need to refinance your existing mortgage?
  • Do you want to avoid the high closing costs associated with a mortgage refinance?
  • Do you want to have the flexibility to borrow additional funds against your home in the future?

If you answered yes to any of these questions, an ARC Home Equity Line-of-Credit might be right for you! Avoid the cost and time involved with a traditional mortgage refinance plus gain the ability to make advances against the line in the future, as you so desire.

Features

  • 10-year advance period
  • 20-year repayment period
  • The Rate Index is Prime
  • Refinance up to 80% of your primary home's value
  • Finance as little as $10,000

Benefits

  • Your monthly payment will be calculated on your current balance
  • You may use the available funds for just about anything - college tuition, home improvements, loan consolidation
  • Minimal closing costs
  • Quick closings