When it comes to buying a home, it is important to approach a lender that can offer you a plethora of loan options to choose from. All Western Mortgage is one such online mortgage lender in the United States of America that has been helping people buy their dream homes since 1981. As per the borrowers’ requirements, we offer a choice between 4 major conventional and non-conventional types of mortgage loans.
They are as follows:
Fixed Rate Mortgage: As the name suggests, the interest rate on these types of mortgages remain fixed throughout the life of the loan. We offer fixed rate mortgages for a duration of 30, 25, 20, 15, or 10 years. So, you can choose your repayment period as you please.
Adjustable Rate Mortgage: Adjustable rate mortgages can be secured at lesser interest rate than the fixed rate mortgages. You can choose between 3/1, 5/1 and 7/1 ARM plans at All Western Mortgage. The interest rate remains fixed for the first 3, 5 or 7 years respectively under these plans and begins adjusting annually thereafter. All these types of loans are available for a period of up to 30 years.
FHA Loans: You can qualify for All Western Mortgage’s FHA backed loans with a down payment of just 3.5% and a credit score of 620.
VA Loans: If you are a veteran then you can qualify for our VA backed home loans. VA loans require no down payment and we offer 100% finance with competitive interest rates that are mostly lower than conventional loans.
So, what are you waiting for? If you have a home to buy, All Western Mortgage has a home loan tailor-made for you. Give us a call on 702-850-2790 today or click here to get started.
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