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Congratulations! You're buying a home!
Flaherty Funding is here to make sure your mortgage will suit
you as well as your new home. With us, you have access to
more than 100 affiliated lenders and a wide array of loan
products.
Loans for Home Purchase
Fixed Rate Mortgage
Terms in increments of 5 years (10,15,20,25,30). The shorter the term, the lower the rate. The principle and interest payment never changes.
Adjustable Rate Mortgage (ARM)
Rate stays the same for a period of time, 1, 5, 10 years etc., and then adjusted according to a specified index. The shorter the 'fixed' period, the lower the initial interest rate. The 'adjusted' rate has a cap - a maximum amount of interest.
100% Financing
Mortgage amount to equal to the value of the home purchased. This loan is for home buyers who wish to keep all their cash for home improvement and other needs. Geographical and income restrictions apply.
Purchase-Rehab
Mortgage amount to exceed the purchase price.
Federal Housing Administration - FHA
minimum 3.5% down payment. Mortgage Insurance Premium (MIP) required.
Veterans Administration - VA
No money down. Must have sufficient VA eligibility. Minimal closing costs. Flaherty Funding experts routinely deal with government-insured loans.
Jumbo Mortgage
Loan amounts above $417,000 are considered non-conforming or 'jumbo', and carry a higher rate. Flaherty Funding Corporation can provide mortgage loans up to any amount.
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