Picking which mortgage package for you can be hard to visualize so we’ve put together a mortgage product matrix so our customers can visually compare what Rancho Vista Mortgage has to offer. If you do not see a standard mortgage product listed here that does not mean we do not offer it though. Give us a ring if you have any questions.
|Product Description||Consumer Benefits||Product Highlights|
|Multiple terms are available and the rate is fixed for the life of the loan.|
|Adjustable-Rate Mortgages (ARM)||
|The interest rate will adjust in the future.|
|Government Mortgages:FHA and VA Mortgages||
|FHA and VA mortgages give eligible borrowers the opportunity to become homeowners with low or zero down payment requirements depending on the mortgage product.FHA-allowable loan maximums are set by county and state. FHA loans are insured by the federal government.Many first-time homebuyers select FHA loans because of the program’s flexibility.VA-guaranteed loan programs are available to Military Service Veterans, current active duty service men and women and their surviving spouses.
|Jumbo||An option for consumers who wish to borrow more than the conforming loan limit of $417,000.The JUMBO mortgage products offer flexible loan terms.||Financing is available for primary residences, second homes, investment properties.Primary and investment properties with 2 – 4 units are allowed.|
By Randy Kosich