Mark St. Clair Email & Phone Number

Specialize in Purchase Money Loans Conforming Loan: A loan that conforms to guidelines set by Fannie Mae or Freddie Mac. The current loan limit in most places is now $726,200 for a Primary Residence, Second Home or Investment property. As little as 3% down payment for a primary residence, 10% down payment for a second home and 20% down payment for an investment property. FHA Loan: A loan insured by the Federal Housing Administration. An FHA Loan is usually available at an attractive lower rate and 3.5% down payment. It is open to all qualified borrowers for a primary residence only. VA Loan: A long term, low-or-no down payment loan guaranteed by the Department of Veterans Affairs. Restricted to individuals qualified by military service or other entitlements. USDA Loan: A USDA loan is a government insured loan that requires no money down. These loans are only offered in designated areas. Jumbo Loan: A loan which is larger than the limits ($484,350) set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Adjustable Rate Mortgage (ARM):A mortgage in which the interest rate is adjusted periodically based on a pre-selected index. This often has lower monthly payments and it also has a ceiling above which payments cannot go. Great competitive Rates...Our goal is to Close in less than 30 Days!!!