Countrywide Home Loans is committed to offering innovative and flexible loan options to meet the needs of its customers. With one of the largest selections of loan products in the industry, Countrywide Home Loans has helped bring the American Dream of home ownership to millions. I’d be pleased to review your loan options in person. Give me a call at your convenience.
Fixed and Adjustable Rate Mortgages
Fixed rate loans
If you prefer the stability of a fixed payment over the life of the loan, we offer fixed rate loans with a wide variety of terms, including a 15, 20, 30 and the new 40-year term.
Fixed Period ARM (Adjustable Rate Mortgage, 3/1, 5/1, 7/1 or 10/1)
A Fixed Period ARM offers buyers a lower starting interest rate with the stability of a fixed rate for the specific fixed period selected. The interest rate and monthly payment adjusts every six or 12 months after the fixed period, depending on the loan program selected.
Interest-Only Loans
Interest only options appear in various loan programs, fixed, fixed-period ARM, etc. Borrowers can make interest-only payments for a limited period with the option to pay higher amounts to pay down the principal,. An interest-only loan offers qualified borrowers more purchasing power or the ability to have more available cash in pocket each month during the interest-only period. (After the completion of the interest-only period, borrowers will be required to pay principal + interest, which may result in a significantly higher monthly payment.)
FlexSaver ARM
Structured as a first-lien Home Equity Line of Credit (HELOC) our FlexSaver ARM can be used to purchase a new home or refinance an existing home, combining the benefits of monthly payment options and variable interest rates. Ask us for details.
Low- to no-down payment loans
House America® loan
An innovative program designed to help more people realize the dream of homeownership. A versatile home loan designed to address a variety of financial situations, whether it’s lack of cash for a down payment, lack of traditional credit history, or non-traditional sources of income.
FHA/VA
With little to no down payment, no cash reserves, and more flexible qualifying criteria, an FHA or VA loan can offer benefits to help qualified borrowers into the home of their dreams.
Low Documentation
Countrywide offers several low documentation programs for qualified borrowers with excellent credit.
Fast and Easy
Streamlines the application process and eliminates most of the typical paperwork.
Fastrack Refinance
This program offers our existing customers an easier way to refinance to consolidate debt, take cash out from home equity, or remove Mortgage Insurance (MI) without the inconveniences of traditional paperwork and processing. This program is exclusively for qualified Countrywide customers in good standing. (Loan program and other restrictions apply. Ask us for details.
Additional home financing solutions
Second Homes / Investment Homes
A variety of affordable ways that may make buying a second home or investment property possible, including fixed and adjustable rate mortgages and reduced documentation.
Home Equity Line of Credit (HELOC)
Qualified borrowers can access the available equity in their home with a Home Equity Line of Credit - a line of credit with an interest-only payment option for either the first five or ten years. State restrictions apply.
Reverse Mortgages
A reverse mortgage from Countrywide can be a great way for qualified homeowners who are at least 62 years of age to access the equity in their homes. With a reverse mortgage, you continue to own your home andrepayment is not required until all Borrowers no longer reside in the property. At that time, the loan may be paid off either through the sale of the house, from other assets from the owner’s estate, or by refinancing with a traditional mortgage. The Borrower or heirs will owe no more than the appraised value of the home at that time. Reverse mortgages from Countrywide are funded and administered by Countrywide Bank, FSB.
Equal Housing Lender. © 2008 Countrywide Bank, FSB, Countrywide Home Loans Division. Member FDIC. Trade/service marks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.