Call Us

954-507-7553

Email Us

info@fourpathmortgage.com

MORTGAGE OPTIONS AVAILABLE

Especially Tailored to Your Needs

One of the most common questions we receive from borrowers is:  “what type of loans are available and what are the benefits of each?”

Regardless of your financial status, we can help you qualify for the best loan that suits your needs.

Below, we review loan options available, the key advantages and requirements for each type.

ADJUSTABLE-RATE MORTGAGE LOANS

Adjustable-rate mortgage (ARM) loans have an interest rate that will adjust from time to time according to market conditions and are considered to be not predictable.  This option is more beneficial if you are looking to stay in the home for just a few years.  The benefits of this option include saving on interest payments and enjoying a lower fixed rate during the initial period…  <Read More…>

Key Advantages

LOW INTEREST RATES & LOW PAYMENTS

FIXED-RATE MORTGAGE LOANS

Fixed-rate mortgage loans lock in the same interest rate for the entire term, which means your monthly payment will also remain the same.  These factors will never change, this type of loan has a high level of predictability.  The most common fixed-rate loans usually come in terms of 15, 20, or 30 years.  This is a good option for a homeowner looking to stay for at least seven years or more… < Read More… >

Key Advantages

PREDICTABILITY & NO PRE-PAYMENT PENALTIES

FHA LOANS

FHA loans allow you to purchase a home with a low down payment or average credit.  Home buyers can qualify for this type of loan with a down payment of as little as 3.5% of the purchase price and a credit score of 580 or higher.  This type of loan is popular for first-time home buyers… < Read More…>

Key Advantages

EASY QUALIFICATION & LOW DOWN PAYMENT

VA LOANS

VA loans exist for borrowers that are members in active duty, or veterans of the U.S. military and their families.  A down payment is usually not required and fees can be rolled into the loan amount.  Other benefits include exemption of private mortgage insurance, and flexibility with credit scores… <Read More…>

Key Advantages

LOWEST AVERAGE INTEREST RATES & NO PMI

Begin Your

Loan Application Process

USDA LOANS

USDA loans help moderate-to-low-income homebuyers purchase homes in rural areas.  Borrowers in need for this type of loan have less-than-ideal credit and cannot qualify for a conventional loan.  You will be able to finance 100% of the purchase price and enjoy reduced mortgage insurance premiums… <Read More…>

Key Advantages

DO NOT REQUIRE A DOWN PAYMENT

FHA 203k REHAB LOANS

FHA 203k rehab loans allow you to finance the purchase price plus renovations for the home.  It usually serves borrowers who purchase an older or damaged home.  This loan is perfect if you are looking to buy a fixer-upper and get cash back for repairs… <Read More…>

Key Advantages

ACCESS TO CASH FOR PAYMENTS OR REPAIRS

CONVENTIONAL LOANS

Conventional loans are any type of loan for homebuyers that is not offered or secured by a government entity, as in the case of FHA, VA, or USDA.  They are instead guaranteed by a private lender such as banks or credit unions.  These types of loans benefit you if you have money for a down payment and a good credit history.  It allows you to avoid paying for private mortgage insurance (PMI), which can save a lot of cash… <Read More…>

Key Advantages

LOWER OVERALL COSTS & NO PMI

JUMBO LOANS

Jumbo loans exceed the conventional federal loan purchase price limits and are designed to finance luxury properties and homes in local real estate markets which are highly competitive.  You should have good to excellent credit score, high income, and a significant down payment amount… <Read More…>

Key Advantages

LOWER INTEREST RATES, LOWER PAYMENTS & NO PMI

Not sure which Loan Option

is right for you?

HOME REFINANCE LOANS

Home refinance loans allow you to get a new mortgage to replace an existing one to obtain better interest rates and terms.  These loans also give you the ability to access cash from the accumulated equity of your home.  You can tailor the new mortgage terms to suit your needs.  Refinancing can give you a higher loan amount, different year terms, a lower interest rate and payments, the ability to cancel private mortgage insurance, or access cash from your equity to use for home projects or personal expenses… <Read More…>

Key Advantages

ACCESS TO CASH & IMPROVES CURRENT LOAN TERMS

REVERSE MORTGAGE LOANS

A reverse mortgage loan is designed for seniors age 62 and older.  It allows you to access cash with no monthly mortgage payments.  The cash can be used for home renovations, medical bills, or even living expenses.  You will be able to defer payments until you die, sell, or move out of the home… <Read More…>

Key Advantages

ACCESS TO CASH & NO MONTHLY MORTGAGE PAYMENTS

SECOND MORTGAGE LOANS

A second mortgage loan allows you to borrow against the value of your home.  Since your home is an asset, it can gain value over time.  These are also known as HELOCs (home equity lines of credit).  The  accumulated equity can be accessed and used for home projects or personal financial goals… <Read More..>

Key Advantages

HIGHER LOAN AMOUNT, LOWER INTEREST RATES & TAX ADVANTAGES