Countrywide is committed to offering a range of loan options to meet the needs of its qualified customers. With a wide range of loan products, Countrywide 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 40-year.
Adjustable Rate Mortgage, 3/1, 5/1, 7/1 or 10/1 (Fixed Period ARM)
A Fixed Period ARM offers buyers the stability of a fixed rate for the specific fixed period selected. The interest rate and monthly payment adjusts every 12 months after the fixed period.
Interest-Only Loans**
Interest only options are available 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.
**About Interest-Only Loans - These loans include a 10-year interest-only period to begin the loan term. Interest-only payments do not reduce the mortgage principal amount. After the interest-only period ends, the monthly payment will become fully-amortizing over the remaining term, resulting in a higher monthly payment that includes both principal and interest.
House America® loan
An innovative program designed to help more people realize the dream of homeownership. This loan is designed to make owning a home more affordable and features a lower down payment.
FHA/VA
With more flexible qualifying criteria, an FHA or VA loan can offer benefits to help qualified borrowers into the home of their dreams.
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.
Home Equity Line of Credit (HELOC)
Qualified borrowers can access the available equity in their home with a Home Equity Line of Credit. 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 and repayment 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.
Energy Efficient Mortgage (EEM) Program
What is an Energy Efficient Mortgage (EEM)?
An Energy Efficient Mortgage seeks to help achieve national energy-efficiency goals and provide better housing for people who might not otherwise be able to afford it. The savings on monthly utility bills is taken into consideration as a credit toward borrower income when qualifying for a mortgage, on an energy-efficient certified home.
An Energy Efficient Mortgage can be used to purchase a home that has energy-efficient features, or it can be used to refinance a home to incorporate energy-efficient technology. Examples of improvements that can be made under an EEM loan include:
- Plug and patch holes
- Attic insulation and ventilation
- Wall and floor insulation
- Weather-stripping and caulking gaps/cracks
- Replacing old furnaces, air conditioning systems or water heaters with efficient models
- Double-pane windows and solar sun screens
Equal Housing Lender. © 2008 Countrywide Bank, FSB. 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.