AmCap Mortgage Has Answers For Specialty Loans

Several types of mortgage loans feature "special" provisions not included in conventional "conforming" loan programs. These include VA, FHA, Jumbo and first-time home buyer loans, among others. AmCap Mortgage specializes in all of these areas, which include, but are not necessarily limited to the following:

VA Loans:These loans are guaranteed by the US Department of Veterans Affairs and can be of the "fixed" or "adjustable" rate variety. There are many features of these loans favorable to veterans and service persons, including, at times, no required down payments, but you must be eligible for VA benefits and qualify before applying.

FHA Loans:The Federal Housing Administration establishes the guidelines that govern these loans, which typically feature lower down payments and easier qualification conditions, among others. However, there are oftentimes limits to loan amounts.

Jumbo Loans:These are loans that feature loan amounts in excess of conforming loan limits established by Fannie Mae or Freddie Mac, which in the case of "Super Jumbo" loans can reach up to $3 million. Interest rates for Jumbo Loans are typically slightly higher than conforming loans.

There are many other "speciality" type loans that AmCap Mortgage services, including home equity, no cost refinance, first time home buyer and no income/asset verification, among others. If you have a question about which mortgage program best suit your needs, consult with an AmCap Mortgage Specialist today.