{"id":2081,"date":"2022-02-03T21:45:12","date_gmt":"2022-02-03T21:45:12","guid":{"rendered":"https:\/\/www.megamerica.com\/?page_id=2081"},"modified":"2022-04-20T14:11:30","modified_gmt":"2022-04-20T14:11:30","slug":"loan-programs","status":"publish","type":"page","link":"https:\/\/www.megamerica.com\/loan-programs\/","title":{"rendered":"Loan programs"},"content":{"rendered":"\t\t
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Loan Programs<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tProducts \/ Loan programs\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Megamerica Mortgage offers a variety of loan programs to\u00a0 \u00a0 meet your needs. We work with the leading lenders in the industry to provide you with a variety of options so you feel\u00a0 <\/span>confident that you receive exactly what you are looking for and need. Take a look at some <\/span>of the loan programs we have to offer.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tFHA loans\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A mortgage loan insured by the Federal Housing\u00a0 \u00a0 \u00a0 Administration which provides a variety of\u00a0benefits for first-time buyers, buyers without a large down payment, or buyers using gifts <\/span>for down payment and closing costs. Options typically include 15- and 30- year fixed rate <\/span>loans, or a 3\/1 Adjustable Rate Mortgage.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tFixed rate mortgages\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Typically a 15 to 30 year term, a Fixed Rate Mortgage loan maintains the same interest rate\u00a0for the entire term. Unlike.\u00a0 \u00a0loans where the interest rate may change periodically, the <\/span>principal and interest payment will not fluctuate with a fixed rate loan. However, the escrowed portion of the payment may change due to changes in taxes and homeowners insurance rate.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tVA loans\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A mortgage loan guaranteed by the U.S. Department of Veterans Affairs that makes it possible for eligible veterans and active-duty military personnel to finance 100% of a home’s purchase price with $0 money down.<\/p>

The VA program offers 30-years fixed rate, assumable loans, and allows the seller to pay up to 4% of the sales price in concessions (i.e. VA funding fee, taxes and insurance, gifts, etc). There is no limit on seller contributions toward closing cost.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tAdjustable rate mortgages\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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An adjustable rate mortgage is a loan in which the\u00a0 interest\u00a0 \u00a0 rate on the note is periodically adjusted. The result of a fluctuating interest rate on a loan is a monthly principal and interest payments that adjusts.<\/p>

The interest rate for the loan is often based upon a market\u00a0 \u00a0 index. Payments may become either higher or lower based\u00a0 \u00a0 upon the market conditions affecting the index at the time of the change. These interest rate changes are often periodically and over the life of the loan.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tUSDA loans\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A USDA loan (also called a Rural Development Loan) is a government insured home loan that allows for the purchase of a home with no money down. USDA loans offer 100% financing to qualified buyers. The property must be located in a rural area and must be in the eligibility zone.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tJumbo loans\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A jumbo loan is one of the loan programs that may be called for when you need a loan amount higher than the conventional conforming loan limits set by Fannie Mae and Freddie Mac.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tAdditional loan programs\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We also offer additional lending programs depending upon your location. Please call us for more information.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t<\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\tCall Us Now!<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Loan Programs Products \/ Loan programs Megamerica Mortgage offers a variety of loan programs to    meet your needs. We work with the leading lenders in the industry to provide you with a variety of options so you feel  confident that you receive exactly what you are looking for and need. Take a look at […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"Products \/ Loan programs Megamerica Mortgage offers a variety of loan programs to meet your needs. We work with the leading...","_seopress_robots_index":"","footnotes":""},"class_list":["post-2081","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.megamerica.com\/wp-json\/wp\/v2\/pages\/2081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.megamerica.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.megamerica.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.megamerica.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.megamerica.com\/wp-json\/wp\/v2\/comments?post=2081"}],"version-history":[{"count":77,"href":"https:\/\/www.megamerica.com\/wp-json\/wp\/v2\/pages\/2081\/revisions"}],"predecessor-version":[{"id":4182,"href":"https:\/\/www.megamerica.com\/wp-json\/wp\/v2\/pages\/2081\/revisions\/4182"}],"wp:attachment":[{"href":"https:\/\/www.megamerica.com\/wp-json\/wp\/v2\/media?parent=2081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}