• Traditional / Conventional / Conforming Home Loans
• Non Conforming - Expanded Criteria Loan Programs
• Hybrid ARMs - Adjustable Rate Mortgages (ARM's)
• Balloon Mortgage (Residential and Commercial)
• HELOC - Home Equity Line of Credit
• VA Home Financing (formerly -the G.I. Bill)
• Fix-n-Flip -  Single Family to Multifamily Financing (up to 19 units)
• Commercial and Income-producing Real Estate Financing
  • For Commercial Mortgage industry...
    see our page on CMBS (Commercial Mortgage Backed Securities)
    2nd mortgages not allowed...we show a way around this
    
    see Mezzanine Loans ...for Commercial Mortgage Loan Financing
    How to get a Junior Lien (similar to second mortgage)
    

     

Conforming loans are usually associated with long tern 30 year fixed-rate financing but can refer to any loan on this page. 

What it really means is that requirements for borrower and property conditions and loan limits are acceptable to the lender. 

For the borrower, it means, lower rates and fees with flexible financing such as:
a wide range of rates, terms and loan types (starting with fixed rates below).

Standard Fixed Rate Home Loans: 10, 15, 20, 25, and 30 year terms.
Mortgages for new home purchases, refinancing, or additional financing.

Purchasing - The most popular fixed rate programs (with or without mortgage ins.)

• 97% loan allows you to put only 3% down to step into a new home.
• 100% financing covers the 3% down-payment in the loan for you.
• 103% financing covers 3% down-payment and 3% of closing costs.
• Include mortgage insurance into loan and reduce monthly payment

Refinancing - Rate/Term Reduction

• Stand alone new first mortgage at lower rate and/or term
  • longer term to lower monthly payments dramatically
• Combo loan refinance your 1st mortgage to a lower rate, and at the same time, you get a 2nd mortgage for additional financing.

Additional Financing - (2nd mortgage - can be done simultaneous w/1st)

• Combo loans typically termed 80/20 or piggyback loans 80/10/10 financing that removes the added monthly payment of mortgage insurance.  You can also qualify for a larger loan amount, and even avoid jumbo pricing plus, increase your tax deductions ( consult your tax advisor)

We offer a full range of conventional conforming home loans, including fixed rate and adjustable-rate loan products, balloon mortgage products, and even loans with interest-only programs to meet all our borrowers' needs.  For larger loan amounts, we have jumbo loans up to $2,000,000.

Click Here for Standard Home Loan Details

Generally for loan amounts above $359,650 (for single family residence after January 1, 2005) called jumbo loans up to $2,000,000.  Other non-traditional lending includes loans for getting around credit issues, avoiding closing costs and/or down-payment or private mortgage insurance premiums. 

"A" paper loans for fixed rates, ARMs and  Conforming Fixed Period 3/1, 5/1, 7/1 & 10/1 ARMs.  We also offer many "no income" programs.

You'll also want to check out our two Expanded Criteria Zero Down products:

• Zero Down 103% Plan up to $375,000, a loan that allows borrowers to finance up to 100% LTV. They can even include up to 3% closing costs and prepaid fees in the loan amount, for a total LTV of 103%!*
  
• Zero Down, 80/20 with a combined loan amount up to $500,000. The second can be a HELOC or Fixed Rate and there are no Mortgage Insurance requirements.

See our Purchase page for getting around credit issues, down payment, and mortgage insurance.

Click Here for Non Conforming and Expanded Criteria Loan Programs Details

There is also an interest-only option.

Great for those who plan on moving to rent out their home or selling their home within 2 years of the rate lock term ending.

ARM's are also used for a temporary rate reduction while the home is up for sale - thus, saving money for home owners who are already in their new home. 

Great for first time home buyers needing a break on monthly mortgage payments or those wanting to qualify for larger house or loan amount.

Click Here for Hybrid ARMs - Adjustable Rate Mortgages (ARM's) Details

Balloon Mortgage - 7 year lock - Convertible to a fixed 23 year term, Amortized over 30 years.  Great for all the same reasons as an ARM.

Click Here for Balloon Mortgage Details

Draw on funds for up to 15 years....then payback what you've used the next 10 years.  With a HELOC loan, you can have emergency money, nest egg money, special project cash...you name it, ready for you to use when and if you want.

Click Here for HELOC -Home Equity Line of Credit Details

VA Home Financing (formerly -the G.I. Bill)
MTG Brokers Corp. is a VA Certified & Registered Colorado Mortgage Broker. 

Government Backed Loans for Purchasing and Refinancing VA approved homes.

We offer the full range of Veterans Administration government loans, including:

• VA IRRRL's (interest rate reduction refinance loans)
• VA Cash Out (receive cash with your home refinancing)
• VA New Home Financing (purchase a new home using your VA rights)
• VA Hybrid ARM (VA reinstated the VA Adjustable Rate Mortgage)

Click Here for VA Home Financing Details

Ideal for the investor that purchases property below market - constructs, fixes, repairs, or remodels property for a quick profit turnover.

• Up to 80% of Purchase Price
• 80% of Improvements on Short-Term, Interest Only Loans
• 100% Financing (Cross-Collateralization with other real estate collateral
• 1-4  unit residential properties
• Multifamily units - up to 19 units
• No limit on number of investment properties financed
• No prepayment penalty
• Partial releases allowed as units are sold

Click Here for Fix-n-flip / Investment Properties Details

Commercial and Income-producing Real Estate Financing

Commonly termed Commercial property examples

• Retail (grocery chain, supply outlets, Specialty centers, etc...)
• Health Care (hospital, medical practice, nursing/care facilities, etc...)
• Hotels (mom and pop to national chain, Resorts, etc...)
• Industrial (fabrication shops, executive/Industrial parks, warehouses, etc..)
• Mixed Use (restaurant on main floor...all upper floors as business leased)
• Mobile Home Parks 
• Multifamily  (apartments (5+ Units), Student Housing, Military Housing etc...)
• Office Buildings 
• Self Storage
  

Click Here for Distinguished Commercial Property Financing Details