A fixed-rate mortgage, is a fully amortizing mortgage loan where the interest rate on the note remains the same. Call Us Today to get started! The first step in the process is to get pre-qualified, and with our EASY Mortgage Application you can do just that. While rates are down, let Downs Financial locate the best possible mortgage rates and home loan opportunities for you.
Since 1997, Downs Financial -- a leading mortgage company -- has built an outstanding reputation by helping everyone from first-time homebuyers to seasoned homeowners receive the best financing options at the lowest available mortgage rates. We are a nationwide mortgage company, giving customers all across the country access to ideal mortgage options.
We have the fastest mortgage approval/underwriting/closing process in the industry (much quicker than traditional banks). As a nationwide mortgage company, it's what we do best! Once your income to debit ratio has been verified, Downs Financial will issue an approval on your loan request and evaluate the property you are interested in purchasing.
Since 1997, Downs Financial -- a leading mortgage company -- has built an outstanding reputation by helping everyone from first-time homebuyers to seasoned homeowners receive the best financing options at the lowest available mortgage rates. We are a nationwide mortgage company, giving customers all across the country access to ideal mortgage options.
We have the fastest mortgage approval/underwriting/closing process in the industry (much quicker than traditional banks). As a nationwide mortgage company, it's what we do best! Once your income to debit ratio has been verified, Downs Financial will issue an approval on your loan request and evaluate the property you are interested in purchasing.
Services
Cash-Out Refinances may allow a borrower with sufficient equity in their property to refinance their mortgage for more than is currently owed and pocket the difference.
A decrease in the length of a mortgage term (say from a 30 year fixed rate to a 15 year) may increase the monthly P&I payment, but the loan may be paid off sooner.
Refinancing to a lower interest rate, with a longer term mortgage will likely provide a homeowner a lower monthly payment; however the total amount of interest paid in the longer term could be more.
A decrease in the length of a mortgage term (say from a 30 year fixed rate to a 15 year) may increase the monthly P&I payment, but the loan may be paid off sooner.
Refinancing to a lower interest rate, with a longer term mortgage will likely provide a homeowner a lower monthly payment; however the total amount of interest paid in the longer term could be more.
An FHA loan is a solution for buyers that might not otherwise qualify for a conventional mortgage.
An FHA loan is a mortgage that allows for a purchase of a primary residence with a low down payment and is insured by the Federal Housing Administration.
FHA loans help families become homeowners by lowering the cost of financing and the down payment barrier to buying.
FHA allows for people with a credit score of 580 or higher to potentially obtain financing.
Borrowers who do not have FICO scores and can provide acceptable alternative credit have the possibility of qualifying.
An FHA loan is a mortgage that allows for a purchase of a primary residence with a low down payment and is insured by the Federal Housing Administration.
FHA loans help families become homeowners by lowering the cost of financing and the down payment barrier to buying.
FHA allows for people with a credit score of 580 or higher to potentially obtain financing.
Borrowers who do not have FICO scores and can provide acceptable alternative credit have the possibility of qualifying.
At Downs Financial, Inc. we're honored to have the opportunity to serve veterans with their home financing needs by providing VA Loans.
The Veteran's Administration (VA) allows the borrower to finance up to 100% of the purchase price (if the value is supported) of their primary home and allows the seller to pay up to 4% seller concessions.
VA home loans are a powerful tool for purchasing or refinancing home mortgages and generally offer low interest rates, easier qualification standards, less strict credit and income standards and no prepayment penalties.
The Veteran's Administration (VA) allows the borrower to finance up to 100% of the purchase price (if the value is supported) of their primary home and allows the seller to pay up to 4% seller concessions.
VA home loans are a powerful tool for purchasing or refinancing home mortgages and generally offer low interest rates, easier qualification standards, less strict credit and income standards and no prepayment penalties.
The program was created by the Federal Housing Administration (FHA) specifically to help homeowners, aged 62 years and older.
A HECM can provide seniors the means to enjoy home ownership through retirement.
It may help reduce financial stress by using the equity from the home to eliminate monthly mortgage payments.
The funds from a reverse mortgage loan can help seniors supplement retirement income, pay off debt, pay for medical care and in-home services, make home improvements and repairs, or simply pay for daily living expenses.
A HECM can provide seniors the means to enjoy home ownership through retirement.
It may help reduce financial stress by using the equity from the home to eliminate monthly mortgage payments.
The funds from a reverse mortgage loan can help seniors supplement retirement income, pay off debt, pay for medical care and in-home services, make home improvements and repairs, or simply pay for daily living expenses.
Jumbo loans are any single loan amount over the conforming loan limits throughout most of the United States.
When Fannie Mae and Freddie Mac limits do not cover the full loan amount on high valued homes, the loan is referred to as a Jumbo Mortgage.
A Jumbo loan is designed for buyers who are purchasing or refinancing a home that is priced higher than the conforming loan limit set by Fannie Mae and Freddie Mac.
Downs Financial is a leader in financing Jumbo loans up to $3 million for owner occupied financing, and offers competitive pricing on fixed-rate and adjustable-rate mortgages.
When Fannie Mae and Freddie Mac limits do not cover the full loan amount on high valued homes, the loan is referred to as a Jumbo Mortgage.
A Jumbo loan is designed for buyers who are purchasing or refinancing a home that is priced higher than the conforming loan limit set by Fannie Mae and Freddie Mac.
Downs Financial is a leader in financing Jumbo loans up to $3 million for owner occupied financing, and offers competitive pricing on fixed-rate and adjustable-rate mortgages.
Reviews
Be the first to review Downs Financial.
Write a Review
