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fixed

A fixed mortgage has an interest rate that won’t go up or down over the life of your loan. It’s the best security against rising mortgage rates and higher payments. If you know you don’t plan on moving or refinancing in the next few years, a fixed rate mortgage may be your best choice.

Fixed rate loans are great for offering peace of mind. You know your rate will never change. And fixed mortgage rates are currently at historic lows. This means your mortgage payment starts low and stays there. Don’t have a full down payment (20%)? No problem! We have low, fixed rate programs that only require 5% down! And although the 30-year fixed mortgage is our most popular program, we also offer fixed rate mortgages that have shorter terms.

So in essence you can build your own loan program…but we won’t let you go it alone. Our Loan Architects are here to help you every step of the way. By selecting a fixed rate mortgage, you can rest easy knowing that whether you finance for 5 years or 30, your payment will never go up (taxes and insurance escrow notwithstanding). Fixed Rate = Peace of Mind.

Disclosures - THINGS YOU NEED TO KNOW


  • Mortgage rates could change daily.
  • Fixed Rate means your rate is the same throughout the term of the loan
  • Some products may not be available in all states.
  • Actual payments will vary based on your individual situation and current rates.
  • If LTV > 80%, PMI will be added to your monthly mortgage payment, with the exception of Military/VA loans. Military/VA loans do not require PMI.
  • Lending services may not be available in all areas.
  • Some restrictions may apply.
  • For FHA loans payment includes a onetime upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 1.25% of the base loan amount. The 1.25% monthly MIP will be paid until the loan reaches 78% LTV, provided the MIP has been paid for a minimum of 5 years. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan.

adjustable

Extremely low rate. Extremely low payment. For 5 comfortable years. Are you like many Americans who generally stay in their home for less than 5 years or refinance every 4 to 5 years? Our ROCK BOTTOM 5-Year ARM rates give you the lowest possible monthly payment for 5 years, saving you thousands of dollars over a traditional fixed rate mortgage.

Take advantage of historically low rates and refinance up to 95% of your home’s value with a low rate 5-Year ARM (Rate and Term only). And if you need cash to pay down higher interest debt or do some home improvements, you can select the 5-Year ARM’s cash out option. The cash-out option allows you to refinance up to 80% of your home’s value. And with the low rates currently in circulation, you won’t find a less expensive way to borrow money…AND the interest may be tax deductable!

Rates for a 5-year ARM are currently as low as 2.500% (3.123% APR). Interest rates are fixed for the first five years. After the fixed rate period, your interest rate can adjust yearly, either up or down depending on market conditions.

Safeguards called “Caps” are in place to limit the amount your rate can adjust on a yearly basis and over the lifetime of the loan. And if at any time during the loan term you decide it is wise to refinance to a fixed rate, Semper Home Loans will never charge you a pre-payment penalty.

ARMs are perfect for anyone who wants the lowest possible interest rate and monthly mortgage payment over a set amount of time; especially homeowners who plan to move or refinance within the next few years.

Disclosures - THINGS YOU NEED TO KNOW


  • Mortgage rates could change daily.
  • ARM rate is fixed during the Introductory period after which they can adjust yearly.
  • 5/1 ARM has caps of 2/2/5.
  • Fixed Rate means your rate is the same throughout the term of the loan
  • Some products may not be available in all states.
  • Actual payments will vary based on your individual situation and current rates.
  • If LTV > 80%, PMI will be added to your monthly mortgage payment, with the exception of Military/VA loans. Military/VA loans do not require PMI.
  • Lending services may not be available in all areas.
  • Some restrictions may apply.
  • Some jumbo products may not be available to first time home buyers.
  • For FHA loans payment includes a onetime upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 1.25% of the base loan amount. The 1.25% monthly MIP will be paid until the loan reaches 78% LTV, provided the MIP has been paid for a minimum of 5 years. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan.

fha

Not just for people with distressed credit or low income, FHA Insured loans are perfect for buying AND refinancing, regardless of your financial situation! With 7 years of FHA lending under our belt, experience has shown that the FHA Insured mortgage program has become one of our most popular loans, allowing more people to qualify due to flexible credit guidelines.

With an FHA Loan, you can refinance up to 97.75 % of your home’s value. Or make a smart financial move and get cash from your home to consolidate your high-interest debt to a low, fixed rate – FHA cash-out refinance loans allow you to take out up to 85% of your home’s value. FHA loans are available in both a 15- and 30-year terms. Created and insured by the Federal Housing Administration, FHA loans are a great fit for just about everyone.

FHA Streamline. If you’re currently in an FHA loan, you could get a lower mortgage rate and payment with an FHA Streamline. The FHA Streamline offers a limited documentation option, has flexible credit requirements, and you could even avoid an appraisal.

When is an FHA Loan Right for You?

1. Is your ARM adjusting and you need to refinance to a low-cost fixed-rate mortgage?
2. Do you want to get cash out of your home?
3. Do you want a fast approval?
4. Do you have a lower credit score or lower household income?
5. Are you purchasing a home and have a low down payment?

Disclosures - THINGS YOU NEED TO KNOW


  • Mortgage rates could change daily.
  • Streamlines are only available for FHA to FHA refinancing.
  • Some Streamlines may require an appraisal.
  • Actual payments will vary based on your individual situation and current rates.
  • Some products may not be available in all states.
  • FHA County Loan Limits apply.
  • Lending services may not be available in all areas.
  • Some restrictions may apply.
  • If LTV > 80%, MI will be added to your monthly mortgage payment.
  • For FHA loans payment includes a onetime upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 1.25% of the base loan amount. The 1.25% monthly MIP will be paid until the loan reaches 78% LTV, provided the MIP has been paid for a minimum of 5 years. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan.

203k

The FHA 203K loan is designed for those buyers who have found the “perfect” home but it isn’t in “perfect” condition. With the 203K, you can borrow the purchase price PLUS extra funds for fixing it up. So with one loan you can buy your house and turn it into your home. Convenience and security for those hidden surprises that sometime pop up after you sign on the dotted line.

This loan program can be used for the purchase or refinance of a property that needs work. It allows you to borrow the funds you need to purchase and renovate the property. These loans are not new but took a back seat to other ways of financing the cost to renovate. With property values no longer increasing by double digits, and with equity loans being capped at 70-80% of current values (rather than 100% you could get just a few years ago), the options for financing renovations are limited.

The popularity of 203K loans has increased recently because many homes have slipped into disrepair as they languished on the market for months, sometimes years. Part of the program’s popularity is due to its versatility in that you can rehabilitate and/or improve an existing one-to-four unit dwelling in one of three ways: To purchase a dwelling and the land on which the dwelling is located and rehabilitate it.

To purchase a dwelling on another site, move it onto a new foundation on the mortgaged property and rehabilitate it. To refinance existing liens secured against the subject property and rehabilitate such a dwelling.

Eligible improvements allowed on 203K loans include: Bathroom remodels, kitchen remodels with new appliances, making a house handicap accessible, whole house renovations & remodeling, finishing the basement, new deck &/or patio, flooring replacement, new doors and windows, upgrading the HVAC system, additions, roofing, painting, upgrading the plumbing & / or electrical, energy efficient improvements, wells and septic tank repair and upgrades.

Disclosures - THINGS YOU NEED TO KNOW


  • Mortgage rates could change daily.
  • Loans are only available with fixed or adjustable rates
  • 97.75% Loan To Value (Low Down payment)
  • Mortgage Insurance Requirement
  • Use of contractor of your choice
  • 1-4 family properties and condos
  • Minimum $5,000 worth of repairs needed
  • Maximum LTV is 110% of improved value
  • Some products may not be available in all states.
  • Lending services may not be available in all areas.

VA loans

Great Rates, No Red Tape, No Down payment….it’s a grateful Nation’s way of saying “Thanks.” You’ve served our country and now it’s time to buy a home to settle down in. Well the VA program may just be what you need to get your well deserved piece of the American Dream

The VA loan is a great program for veterans and/or their surviving spouses. Interest rates are low, the qualifications are simple and there is never any mortgage insurance. The VA loan program allows qualified borrowers to purchase a home with NO money down! And if you are refinancing, you can do so without any mortgage insurance, even if you need to borrow 100% of your home’s value. Available in 15, 20 and 30 year terms, the VA program gives you the flexibility of designing the right loan for you. And if you don’t plan on staying in your home for a long time or your tendency is to refinance every 4 or 5 years, ARM programs are available.

So even if your credit is a bit wounded and you don’t have much money to put down, a VA loan is the answer. One of our Loan Architects will guide you through the process from start to finish. You’ve done your part, now sit back and let us handle all of the details. With Semper (Fi), there is no “hurry up and wait”…there is only “get er done!”

Disclosures - THINGS YOU NEED TO KNOW


  • Mortgage rates could change daily.
  • VA Loans are available as either Fixed or ARM.
  • No money down on purchase transactions
  • Finance up to 100% of your home’s value
  • Available to Active Duty, Retired or surviving Spouse
  • Actual payments will vary based on your individual situation and current rates.
  • Some products may not be available in all states.
  • Lending services may not be available in all areas.
  • If LTV > 80%, MI will be added to your monthly mortgage payment.
  • Some restrictions may apply.
  • For FHA loans payment includes a onetime upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 1.25% of the base loan amount. The 1.25% monthly MIP will be paid until the loan reaches 78% LTV, provided the MIP has been paid for a minimum of 5 years. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan.

HARP

The “Mortgage Crisis” caused a lot of issues throughout the mortgage industry that left many homeowners owing more than their home is worth. Well the government has sent in the cavalry to help rescue as many “upside-down” borrowers as possible. The result: HARP and HASP. These programs provide relief for many by allowing homeowners to refinance their current mortgage into a new one that has more practical, manageable terms.

Established in 2009, for Fannie Mae and Freddie Mac, the Home Affordable Refinance Program provides an option for homeowners to refinance “Under Water Mortgages”. A HARP Refinance addresses situations where the homeowner’s property value has fallen causing them to no longer to qualify under traditional underwriting criteria. Homeowners with a loan owned by Freddie Mac or Fannie Mae have the opportunity to refinance with any participating lender.

The HASP (Home Affordability and Stability Plan) also known as "The Making Home Affordable" plan is a far-reaching program created to assist home owners with their current mortgages via a refinance program.

Under the refinance program guidelines your primary residence, vacation or 2nd home, and investment or rental homes will qualify even if you have little or no equity. You will not be required to have Private Mortgage Insurance in excess of what is already in place. This is a great opportunity to lower your monthly mortgage expense

So if you feel that you can no longer live in the shadow of mounting debt and a mortgage payment that you are struggling to keep up with, the HARP or HASP Program may be the lifeboat you need. Give us a call to find out more and see if you qualify for relief.

Disclosures - THINGS YOU NEED TO KNOW


  • Mortgage rates could change daily.
  • No Maximum DTI
  • No Maximum LTV (HARP, Fixed Rate)
  • No Minimum Credit Score (HARP)
  • Some restrictions may apply
  • Finance up to 105% of your home’s value
  • Borrower must benefit from the refinance
  • Must be current on First Mortgage (HARP)
  • Appraisal may not be required (HARP and HASP)
  • No increase in Mortgage Insurance
  • Most property types are allowed (HASP)
  • Lending services may not be available in all areas.

Jumbo

If you need a mortgage for more than $417,000, go Jumbo. Because of loan size limits imposed by government agencies, loans of $417,001 or more are subject to Jumbo (High Balance) guidelines. Simply put, it’s the only option…but it is also the best option because rates are at their lowest. If you need a Jumbo, there is no better time than now.

You own a large home and the large payment that comes with it. Not to worry. The Jumbo (both Conventional and FHA) loan program is designed just for you. Because Jumbo rates are extremely low, and the loan amounts are high, even a change in your rate of 1% can make a huge difference in your monthly payment. For instance, on a $700,000 loan, reducing your interest rate by only 1% equates to a savings of over $400 a month….every month.

And the “jumbo” thing about the Jumbo program is the loan amount. The time and energy it takes for you to qualify and get approved is the same as a traditional non-jumbo loan. So no more hassle, no more hoops to jump through; we handle it all for you, from soup to nuts (Note to our Underwriters…I’m not referring to you as nuts….although……)

So whether you own a one million dollar, 1,100 sf home in Manhattan or a sprawling, 50 acre, 8,000 sf million dollar home in Tucson, Semper’s got you covered. Jumbo…it’s not just for shrimp anymore.

Disclosures - THINGS YOU NEED TO KNOW


  • Mortgage rates could change daily.
  • Jumbo loans are available in both FHA and Conventional.
  • Jumbo loans over $1,000,000 may require 2 appraisals.
  • Actual payments will vary based on your individual situation and current rates.
  • Some products may not be available in all states.
  • Lending services may not be available in all areas.
  • Some restrictions may apply.
  • If LTV > 80%, MI will be added to your monthly mortgage payment.
  • For FHA loans payment includes a onetime upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 1.25% of the base loan amount. The 1.25% monthly MIP will be paid until the loan reaches 78% LTV, provided the MIP has been paid for a minimum of 5 years. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan.

USDA

USDA Loans are perfect for folks who have limited income and properties that are located outside of suburbia. These loans are guaranteed by the US Government and allow homebuyers to finance up to 102% of the purchase price or appraised value.

Originally designed to help rural Americans realize the dream of homeownership, these mortgages can also be used to finance a wide array of properties from single-family homes to multifamily properties and even businesses. Plus, the USDA also provides grants for various development projects.

There are many advantages to choosing a USDA backed mortgage. One hundred percent financing makes these loans among the most desirable of loan programs still in existence. The only other programs out there that offer this today are VA loans and transactional funding for those flipping houses.

Even better than just no down payment, going this route means the possibility of rolling in closing costs or use grants and gift funds, something most other programs won’t allow borrowers to do.

Want more? You may even qualify using “non-traditional” credit and you don’t have to have amazing credit to get approved either. You should have at least a 620 to 640 credit score, but you may be able to use credit references like cell phone, insurance and utility bills to build out your credit if you don’t have very much of it.

Plus, USDA direct home loan interest rates are some of the best around and often better than conventional mortgage rates.

Disclosures - THINGS YOU NEED TO KNOW


  • Mortgage rates could change daily.
  • USDA Loans are only available as fixed rate, 30 year term.
  • No money down on purchase transactions
  • No Mortgage Insurance Requirement
  • Some restrictions may apply
  • Finance up to 102% of your home’s value
  • Available to low income, rural borrowers
  • Some products may not be available in all states.
  • Lending services may not be available in all areas.