• Mortgage payments are more affordable because FHA loans offer lower interest rates.
• Friends or family can assist with your down payment.
• Underwriting is less strict and more understanding of past credit problems because of government guarantee.
• We are a FHA Direct Endorsement Lender and can do everything including loan approvals in our office. 

Our Loan Officers Understand FHA Loans

• Our loan officers are very experienced with FHA.
• Loan officers are responsive and will explain FHA guidelines, answer questions and handle every detail through closing.
• We promise exceptional, prompt and personalized service from every mortgage employee every step of the way.
  

1862 Mortgage Fixed Rate Loans Make Good “Cents”

• Affordable, competitive interest rates keep borrowing costs low.
• Locked interest rate for the entire mortgage term – predictable and budget friendly.
• Great for first time buyers – straightforward loan terms and paperwork.
• Experienced loan officers who walk through mortgage process with you.

Getting a mortgage can be nerve-wracking, whether a first time homebuyer, refinancing, or buying a second home. Our loan officers have years of lending experience, with all types of home loans and will the make the process go smoothly.

• Loan officers keep you informed of every detail and answer all of your questions.
• We promise exceptional, prompt and personalized service from every mortgage employee every step of the way.
• Over 85 years of strength and stability in lending.

Adjustable Rate Mortgages (ARMs)

Boost Your Buying Power with Low Rates and Flexible Terms
Adjustable rate mortgages (ARMs) offer low initial interest rates and affordable monthly payments in exchange for possible future rate adjustments. Rate locks can be as long as 10 years, giving buyers stability along with extra cash each month. More variable than a fixed loan, an adjustable rate mortgage can still be an option for many.

Our ARMs are Smart and Savvy

• Lower monthly mortgage payment because of low initial rate.
• Frees up cash and may allow purchase of larger home.
• Perfect for buyers who plan to move, relocate, or expand family in the future, or expect income to rise.
• Experienced loan officers consult with you to ensure an ARM is the right choice.

Our Loan Officers Deliver Exceptional Service

• Loan officers partner with you to explore all loan options and have extensive mortgage experience.
• Loan officers are easily accessible for loan updates and answers to questions. We promise exceptional, prompt and personalized service from every mortgage employee every step of the way.
• Over 85 years of strength and stability in lending.

VA Financing

Our Salute to You!
Are you a veteran looking to finance your new home? We're glad you found us, because we have favorable loan options structured specifically for veterans. Additionally, we are a VA Automatic Lender, which means that we have the capability to save you time by approving your loan right away.

VA FAQ’s
How much can I borrow? 
VA loan amounts are contingent upon the VA limits in effect at the time of application and upon the veteran's unused entitlement amount.

Who pays discount points for these loan types?
Discount points vary according to the interest rate selected. The buyer, seller or any third party may pay discount points on VA loans.
 
What is the funding fee on a VA loan?
Depending on the down payment, the funding fee ranges between 2% and 3% of the loan amount.

Is there any prepayment penalty?
VA loans do not have a prepayment penalty.

How many times may I use my VA entitlement to get a VA loan?
Under certain circumstances, you may use your VA entitlement more than once. In many instances a veteran can obtain 100% financing.

Who pays for the closing costs?
Closing costs may be paid by anyone.

VA Eligibility
VA Loans are open to all veterans who have served a minimum number of active duty days during any one of the following eligibility periods:

A veteran is eligible for VA home loan benefits if he or she served on active duty in the Army, Navy, Air Force, Marine Corps, or Coast Guard after September 15, 1940, and was discharged under conditions other than dishonorable after either:

• 90 days or more, any part of which occurred during wartime, or
• 181 continuous days or more (peacetime).

2 Year Requirement: A greater length of service is required for veterans who: 

• Enlisted (and service began) after September 7, 1980, or
• Entered service as an officer after October 16, 1981.

These veterans must have completed either:

• 24 continuous months of active duty, or
• The full period for which called or ordered to active duty, but not less than 90 days (any part during wartime) or 181 continuous days (peacetime).

Jumbo Loans

When you Just Want More
It may be a vacation home on a lake or a new house in a sought-after area… some home purchases require maximum borrowing power. Jumbo mortgage loans give you all you need to enjoy big real estate opportunities.

Exceptional Homes Require Special Loans

• Higher mortgage loan amounts available to take advantage of dream properties.
• Choose from fixed rate or adjustable rate mortgage options to keep payment within your budget.
• Experienced loan officers who listen to your needs and provide customized mortgage options.

Our loan officers transform big dreams into done deals

• Loan officers partner with you to explain jumbo loan options and terms and work with you to match your lifestyle, budget and goals.
• Loan officers are responsive and will answer all of your questions. We promise exceptional, prompt and personalized service from every mortgage employee every step of the way.
• Over 85 years of strength and stability in lending.

Investment Property Loans

Financing the American Dream
Real estate continues to be a prudent investment with exciting opportunities. If you have found the right investment property to purchase, we can finance it with a competitively-priced mortgage.

A Flexible and Powerful Tool

• Mortgage programs for non-owner occupied properties, including 1-4 family, apartments and other revenue-generating buildings.Borrowing power when the right property comes along.
• Loan officers who have many years of expertise in non-owner occupied lending who work closely with you throughout the loan process.

Our Service Excellence Begins with Our Loan Officers

• Loan officers partner with you to choose the best loan options and terms and recommend a mortgage that matches your lifestyle, budget and goals.
• 1862 Mortgage promises exceptional, prompt and personalized service from every mortgage employee every step of the way.
• Over 85 years of strength and stability in lending.