Adjustable-Rate Mortgages, or ARMs – These generally offer a lower interest rate for the first five to 10 years of your loan before adjusting to a new rate every 12 months. Jumbo loans- These offer loan amounts over the maximum conventional loan limit, which is currently $417,000 unless you are buying in a high-cost area. Caliber offers Jumbo loans with fixed- and adjustable rates.
High-balance loans – These provide loan amounts that are over the annual conforming limit set by the Federal Housing Finance Agency (FHFA). Generally, high-balance loans are required in areas where real estate prices are higher than the national average. Visit the FHFA online at http://www.fhfa.gov for a current list of high-balance areas and loan limits.
Home Possible – This program features low down payment options, and is designed for families with limited funds for a mortgage. Homebuyer education courses may be required.
HomeStyle Renovation – This loan is designed for homes in need of repairs, renovations or non-essential extras. In addition to funding your new home, HomeStyle Renovation provides additional funds to finance renovation projects before you move in.
With their team having more than 50 years of combined mortgage experience, Caliber Home Loans is committed to excellence. For more information on Caliber Home Loans, visit the company website at www.CalliberHomeLoans.com or call 770-995-0348.
Caliber Home Loans, Inc., 3701 Regent Blvd, Irving, TX 75063 (NMLS #15622). Copyright ©2015. All rights reserved. Equal Housing Lender. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and properly approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations apply. Georgia Residential Mortgage Lender License No. 7330. GA license 1370293.