Loan Programs
If you think you will live in your home 5+ years and do not want the possibilty of your interest rate increasing, this is the loan for you. It may make sense (if you have the available funds and are doing a 30 year term) to "buy down" your rate if you plan on living in your home 7+ years. We have fixed rate terms of 10, 15, 20, 25, 30, and 40 years with the 30 year program being the most popular. Our loans are competitively priced to provide you with a low payment and the peace of mind knowing that your payment will never increase. The predictablility of our fixed rate products will allow you to create a long term household budget based on one simple, low monthly payment. You can always make additional payments which allow you to shorten the term of the loan, of course interest should be tax deductible. Call one of our experienced consultants to explore all of your options.
This may be your best option if you plan on living in your home under 3 years, lack funds for closing, or want to use the funds you do have for furnishings or improvements. This loan typically has a higher interest rate, so it would not be prudent going this route if you plan on staying in the home 3+ years. No points, no fees, no problem. If you do not plan on staying in your house for a long time this program is perfect for you. Plan on refinancing or moving in the next 12-36 months, our no closing cost program maybe perfect for you. With no closing costs and less money required to close save thousands of dollars in closing costs with our no closing costs program. Call one of our experienced consultants to explore all of your options.
This is an excellent program if you have limited closing funds. You have the option of doing two loans to avoid private mortgage insurance or doing one loan for the full amount. PMI is now tax deductible with certain income restrictions, so if you're in an appreciating area and qualify for the deduction this may be the route for you. Landmark Lending offers some of the most competitive 97% programs in the nation. Purchase a home with little or no out of pocket expense. Our mortgage professionals can coach you through the buying process and show you how to gain seller concessions that will enable you to buy the house you have always wanted; litterally, no money down. Whether you're a first time home buyer or looking to move up our no money down program maybe perfect for you. Call one of our experienced consultants to explore all of your options.
Excellent program if you are going to live in your home less than 7 years. On average, people live in their home for 5 years. The 7 year ARM (fixed for 7 years then may adjust lower or higher depending on the market) has a better rate than the 30 year fixed mortgage. The 5 year ARM has lower rate than the 7 year ARM with the 3 year ARM rate being better than the 5 year ARM and so on. These programs guarantee a fixed rate lower than the standard fixed rate for terms of 1, 3, 5, 7, and 10 years. Call one of our experienced consultants to explore all of your options.
This program is for the person who feels comfortable about not paying down the principle on the mortgage and using those funds for other purposes such as investments, paying down other high interest debt, and cashflow purposes. The interest only period is typically for 10 years and then converts to a regular principle and interest loan. Fixed and adjustable rates are availble with interest only programs. Call one of our experienced consultants to explore all of your options.
Bad things happen to good people all the time. Landmark Lending has many programs suited for you even if you've had a bankruptcy. We have some of the best interest rates nationally through our government channels giving you the lowest monthly payments. These loans also often qualify for 97% financing. Call one of our experienced consultants to explore all of your options.
This program allows you to pull out money from the equity in your home. You could choose a fixed rate loan or a line of credit that fluctuates as you debit and credit funds. Interest is only calculated on the amount of the credit line being used. Lines of credit interest rates do fluctuate with the market. Texas has certain restrictions regarding home equity loans. Call one of our experienced consultants to explore all of your options.
These are goverment programs used for a variety of reasons. FHA is great if you have limited credit or damaged credit and need 97% financing. VA is great if you have damaged credit and are a veteran. They both have loan amount limitations, additional insurance or funding fee, and restrictions. However, if you have good credit and qualify for a conforming loan you may want to steer clear of government loans. Call one of our experienced consultants to explore all of your options.
