Which Loan is Right For You?

In the past every home and business owner got the same loan: a 30 year fixed mortgage or a full documentation with tax returns and financial reports. Today there are many different loan programs and choosing the right one could save you hundreds of dollars on your monthly payments. We have conventional and non-conventional loan financing programs. From FHA, USDA, Conventional Fix and ARM rates to the non so conventional Stated Loans for Residential and Commercial Purchases. Loans Mortgage Financial Company understands that not all client's needs or situations are the same and we strive to find programs that can be tailored to your specific needs. Below a sample of all type of mortgage financing options but if you do not see yours, call a Loans Mortgage Financial specialist and let us guide you through the mortgage world to find the one that best fits your residential and commercial mortgage needs.

How Long Do You Plan On Living In The House? We Recommend:
Not Very Long (1-3 Years) 3/1 ARM, 1 year ARM or 6 month ARM
A few years (3-5 Years) 5/1 ARM
At least 5 years (5-7 years) 7/1 ARM
Around 10 years ( 7-10 years) 10/1 ARM, 30 yr fixed or 15 yr fixed
A long time (10 plus years) 30 year fixed or 15 year fixed
Loan Programs Advantages Disadvantages
30 year Fixed
15 year Fixed
  • Monthly payments won't change
  • Interest rate Fixed
  • Protected if rates go up
  • Can refinance if rates go down
  • Higher interest rate
  • Higher mortgage payments
  • Rate does not drop if interest rates improve
Apply now!
Adjustable Rate Mortgages (ARMS)
  • Lower initial monthly payment
  • Lower payment over a shorter period of time
  • Rates and payments may go down if rates improve
  • May qualify for higher loan amounts
  • More risk
  • Payments may change over time
  • Potential for high payments if rates go up
Apply now!
Balloon Mortgages
  • Lower initial monthly payment
  • Lower payment over a shorter period of time
  • Many balloon mortgages offer the option to convert to a new loan after the initial term.
  • Risk of rates being higher at the end of the initial fixed period
  • Risk of foreclosure if you cannot make balloon payment or if you cannot refinance or if you cannot exercise the conversion option
Apply now!
First Time Buyer Programs
  • Lower down payment
  • Easier to qualify
  • Sometimes you may get lower rate
  • May be subject to income and property value limitations
  • Some programs which have government subsidies may have a recapture tax if you sell the house too early.
Apply now!
No point, No fee Programs
  • No closing costs
  • Less money required to close
  • Higher rates
  • Higher payments
Apply now!
Home Equity Line of Credit
  • You only borrow what you need
  • Pay interest only on what you borrow
  • Flexible access to funds
  • Interest may be tax deductible
  • Rates can change. The maximum interest rate is normally high.
  • Payments can change
  • Harder to refinance your first mortgage
Apply now!
Home Equity Fixed Loan
  • Fixed payments
  • Interest may be tax deductible
  • Higher interest rates than on 1st mortgages
  • Harder to refinance your first mortgage
Apply now!
In Addition to these standard loan programs we offer a large number of specialized loans to fit your needs please call or email for more information.

 

Specialty Commercial Mortgage Program

 

Key Loan Features:

• True stated income loans…no tax or income statements
• Rates as low as 6.49%
• Loan amounts- $75,000 to $5 million, available nationwide
• No balloons, 30 year amortized term
• LTVs up to 75% - Seconds allowed up to 80%
• 650 midFICO to qualilfy
• Simple documentation programs

 

  • 70% LTV Stated Income/Stated Asset Non-Owner Program for 1-4 Units

  • 75% Stated Income on Mixed-Use & Multi-Family properties

  • 70% Stated on Commercial
      

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Also offering competitive HARD-MONEY programs too, with same day approvals…and no appraisals required!


Specialty No Credit Score Mortgage Program

If you have no credit score on your record due to lack of non traditional credit we offer the following mortgage financing program:
 
  • Non-traditional credit must be documented using a Non-Traditional Mortgage Credit Report (NTMCR). Direct verifications may be obtained only when a NTMCR is impractical or the service is not available. — Non-traditional credit may be used when the borrower does not have the type of credit that appears on a traditional credit report or to supplement an insufficient number of tradelines.
  • Yes, Income from non-occupant co-borrowers may be included in the DTI ratios.
— Non-traditional credit may not be used to:
  • Offset derogatory credit or create a credit report for a borrower without a verifiable credit history; or Enhance a poor payment history
— Must Have One (or all) of these: (Need a total of 3)
  • Rental housing payments or
  • utility company references.
— One or Two of these may be used:
  • Medical, life, auto or renters insurance coverage that is not payroll deducted.
  • Payment to child care providers – made to a business providing such services.
  • School tuition
  • Retail stores – department, furniture, appliance stores, specialty stores; rent to own – i.e., furniture, appliances
  • Payment of medical bills not covered by insurance
  • Internet/cell phone services
  • Documented 12 month history of saving by regular, non-payroll deducted deposits resulting in an increasing balance to the account. No NSF activity reported.
  • Automobile leases
  • Personal loan from an individual with repayment terms in writing and supported by cancelled checks to document the payments.
— Non-traditional credit references must include a minimum of 12 months history with:
  • No history of delinquency on rental housing payments.
  • No more than one 30-day late payment on all other references.
No collection accounts / court records reporting (other than medical) within the last 12 months.  
 

Que loan Necesita? Tipos de Financiamiento?

â‹Los programas de financiamiento varian dependiendo del credito, el tipo de propiedad, el proposito y otros factores mas. Llamenos para una consulta gratis. Nosotros podemos guiarlo hacia el programa de financiamiento que usted y su situacion personal necesitan. Financiamiento de propiedades, casas, departamentos, edificios, plazas comerciales, iglesias, negocios y mas en Florida, USA.
 
 

Free Consultation

Complete this 30 second form to receive a no obligation consultation. We will analyze your situation and determine the best solution.

FHA loans

There are lots of good reasons to choose an FHA loan.
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Commercial

Our team is committed to being the fast, creative, and reliable consultants that will help you close and fund commercial loans while providing seamless customer support from our lenders to your clients.

For More Information Click Here

Need More information

Call Us:   (239) 400-4707
Toll Free:(877) 700-2393
Hablamos Español 

Email Us:
General Inquires
team@althas.com
 

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Lenders Retail Center, an Althas d.b.a,  NMLS#1310848 is a State of Florida Licensed Mortgage Brokerage Company serving all Florida cities. Loan inquiries and applications will be referred to a Loan Officer who is licensed in the property state. Equal Housing Lender. Lenders Retail Center -  Althas Co d.b.a. is located at 10981 Bonita Beach Rd, Bonita Springs FL 34135, (239) 400-4707 (877)777-2393 and registered with Nationwide Mortgage Licensing System NMLS ID #1310848, (www.nmlsconsumeraccess.org). Information on our site, emailed after an application or over the phone is not an offer for extension of credit or a commitment to broker or lend. Rates displayed are base average rates provided by third parties. Loans are currently being closed and committed at the expressed rates, however these rates may change or may not be available at the time of your loan lock-in, commitment or closing. All loans must satisfy lender companies underwriting guidelines, which may change without previous notice. Interest rates and APRs are based on recent market rates, and are for informational purposes only, these rates are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value ratio, credit score and other variables. Terms and conditions apply. Additional loan programs may be available. This is not an offer to enter into a rate lock agreement under FL law, or any other applicable law. Call for details. Our Licensed Loans Officers are dedicated to helping you with your residential and commercial mortgage loan financing needs.