Fixed Rate Mortgage*
For people whose first priority is having a fixed rate and payment for the life of the loan. A variety of terms are available to choose from. Loans are available up to 100% of the sales price of the home.

Adjustable Rate Mortgages*
For people whose first priority is a low initial monthly payment. Typically indexed to the 1-year Treasury bill average with or without a conversion option. Starting rate may be fixed for a period of 1 to 10 years and typical terms include:
• 2% cap on interest rate changes per year
• 5%-6% cap on interest rate changes for the life of the loan
• Loans available to 100% of sales price or appraisal

2 Step Mortgages*
Rate is fixed for five or seven years. Contains an option to continue the loan after the initial period for the remainder of the 30 year term with a fixed rate indexed to Fannie Mae rates. These loans usually offer a lower initial interest rate and payment than 30 year fixed rate mortgages.

Jumbo Mortgages*
Fixed and adjustable rate mortgages are available for loan amounts exceeding the Fannie Mae limits.

FHA / VA / North Carolina Housing Finance Agency Mortgages*
These government-insured loans allow borrowers to purchase or refinance houses with little or no money down. First time home buyers are typical users of these loans. Borrowers lacking a credit history often qualify for these loans.

Reverse Mortgages*
These loans allow a homeowner to receive either a monthly payment from the bank to supplement their income, a lump sum at closing, or a line of credit. No monthly payments are required on these loans. You must be at least 62 years old to be eligable, and borrowers can qualify for these loans regardless of credit history or income level.

Sub-Prime Mortgages*
Sub Prime loans are available to borrowers who have blemished credit histories. Refinances are available up to 100% of the property value allowing homeowners to "cash out" for any purpose. Options include fixed or adjustable rates and verified or stated income loans.