Loan Types
30 Year Fixed If you think interest rates are as low as they are going to get and you plan on staying in the home for 10 years or more, this program is for you.
20 Year Fixed A great way to build equity fast without the higher payments of 15 year fixed.
15 Year Fixed The ultimate way to pay off a mortgage early if you can manage a significantly higher payment.
7 Year Balloon A below than market interest rate locked in for the first 7 years, then can be converted into a fixed rate for 23 years for a minimal fee.
5 Year Balloon A below than market interest rate locked in for the first 5 years, then can be converted into a fixed rate for 25 years for a minimal fee.
1/1 ARM-FHLMC Conforming Interest rate is locked in for the first year, then can adjust every year. The rate can only go up 2% a year, 6% lifetime. There is a Conversion option to a fixed rate anytime after closing.
Portfolio ARMs
Don't meet FHLMC/FNMA guidelines? Then use our portfolio ARM for a common sense underwriting approach. 3/1, or 1/1 Portfolio ARMs available.
Government Loans
FHA/VA 30 Year Fixed Maximum loan amount as determined by FHA/VA which is popular if you are trying to put as little as possible down.
FHA/VA 3/1 Year ARM
Maximum loan amount as determined by FHA/VA which is popular if you are trying to put as little as possible down. Your rate is fixed for 3 years.
Special Programs
•80-10-10 Eliminate PMI by getting
a first mortgage at an 80% LTV with an
equity line for 10% LTV. This requires a 10% down payment. Call for details.
•80-15-5 Eliminate PMI by getting
a first mortgage at an 80% LTV with an
equity line for 15% LTV. This requires a 5% down payment. Call for details.
100% Financing Use our 1 Year Portfolio ARM or other Secondary Market loan products. Call for details.
Blanket Loans Are you ready to close on your new home, but haven't sold your existing home and need that equity for your down payment? Then this loan is for you. Call for details.
Jeff Tumbarello
Loan Officer
jtumbarello@usavingsbank.com
Office 614-861-9003x14
Direct 614-330-1256
Creative Financing
No Document Loans Very popular loans for those with an acceptable credit rating but may not have documented income, assets, or employment. Quick and easy products available in fixed and ARM products.
No PMI With as little as 10% Equity and approved credit rating say good-bye to the mortgage insurance trap.
Interest Only One word: FLEXIBLE. Enjoy the convenience of paying principal when you want and the amount you want.
New Construction
Lot Loans Have you found the lot to build your dream home on? Then good news! We can finance it for you until you are ready to build. Call for details.
No Fret Construction Loans Need a construction loan to build your new home? Give me a call to find out how we can make this complicated process a very simple one.
Construction Blanket Loan Do you have a lot of equity in your existing home? Are you looking for the easiest and most affordable way to finance the construction of your new home? I you answered yes, then call today to find out how you can save thousands in construction costs.
Closing Costs as Low as $250*
Purchase ** and Refinance **
* Plus recording fee. ** Conditions apply.
FDIC
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