Mountain Valley Home Mortgage

Need to talk with a live Mortgage specialist?

Call us toll free at:
1-866-370-5261

Guaranteed no-hype home mortgages. We will not low-ball you only to raise your rates at a later date.

Purchasing a home can be the largest investment of your life, we have a full portfolio of over 300 loans and over 60 lenders to fit any situation. Likewise, refinancing your home or taking a second mortgage for home improvement, debt consolidation, or other reasons are major financial decisions. Before making these decisions, you should Contact Us for a FREE financial consultation to help you personalize your mortgage application process.

Although the list of loan programs available are too numerous to list, below is a small selection of the most popular:

No Income Verification/Asset Loans
Adjustable Rate Mortgages (all varieties)
Home Improvement Loans & Rehabilitation Loans
Buydowns
Down payment Assistance
FHA and VA Mortgages
Fannie Mae and Freddy Mac Conventional Mortgages
Home Equity Lines of Credits/Second Mortgages
Investment Property Financing

Some of the out-of-the-ordinary type financing available include:

100% Financing to $2,000,000!
No Private Mortgage Insurance requirement over 80%
Loan-to-Value
Piggy-Back Financing
Bridge Loans ( can bridge lend on homes out-of state!)
Home Equity Loans over 100% Loan-to-Value

THE HOME CLUB>

Those not able to finance due to lack of "good credit" and/or lack of enough money for down payment and closing costs, are eligible for a counseling service to work with them for an agreed upon term (6 months to 1 year). Upon completion of the mutually agreed to terms, we will finance their purchase of a home! Contact Us or see our Credit services for additional information.

General Loan Comparisons

Loan Programs	Advantages	Disadvantages
Fixed Rate Mortgages 30 year fixed 15 year fixed	Monthly payments are fixed over the life of the loan Interest rate does not change Protected if rates go up Can refinance if rates go down	Higher interest rate Higher mortgage payments Rate does not drop if interest rates improve

Adjustable Rate Mortgages 10/1 ARM 7/1 ARM 3/1 ARM 1 year ARM 6 month ARM 1 month ARM	Lower initial monthly payment Lower payment over a shorter period of time Rates and payments may go down if rates improve May qualify for higher loan amounts	More risk Payments may change over time Potential for high payments if rates go up

Balloon Mortgages 7 year 5 year	Lower initial monthly payment Lower payment over a shorter period of time Many balloon mortgages offer the option to convert to a new loan after the initial term.	Risk of rates being higher at the end of the initial fixed period Risk of foreclosure if you cannot make balloon payment or if you cannot refinance or if you cannot exercise the conversion option

First Time Buyer Programs	Lower down payment Easier to qualify Sometimes you may get lower rates	May be subject to income and property value limitations Some programs which have government subsidies may have a recapture tax if you sell the house too early.

Stated Income Programs	Don't need to verify income Faster approval	Higher rates Higher down payment

No point, No fee Programs	No closing costs Less money required to close	Higher rates Higher payments

Imperfect Credit Programs	Potential for reestablishing credit if you pay your mortgage on time. When used for debt consolidation, you may be able to reduce your monthly debt payment	Higher rates Terms may not be as favorable Harder to get long term fixed loans Loans may have prepayment penalties

Home Equity Line of Credit	You only borrow what you need Pay interest only on what you borrow Flexible access to funds Interest may be tax deductible	Rates can change. The maximum interest rate is normally high. Payments can change Harder to refinance your first mortgage

Home Equity Fixed Loan	Fixed payments Interest may be tax deductible	Higher interest rates than on 1^st mortgages Harder to refinance your first mortgage