Countrywide Home Loans is committed to offering a range of loan options to meet the needs of its qualified 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 40-year.
Fixed Period ARM (Adjustable Rate Mortgage, 3/1, 5/1, 7/1 or 10/1)
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. 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.
Low 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 low documentation programs for qualified borrowers with excellent credit.
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.