Loans & Mortgage Services
Conventional Fixed Rate Mortgages
With as little as 3%, home buyers can take advantage of our highly competitive conventional fixed-rate pricing. We offer fixed rate amortizing terms of 30, 20, 15, and 10 years. Since home values in our footprint are some of the highest in the country, conforming loan limits are often adjusted accordingly thus opening the door for more borrowers to take advantage of our conventional, conforming home mortgage programs.
With most FHA loans, borrowers can get into a home with as little as a 3.5% down payment. Since these loans are backed by the Federal Housing Administration, lenders can provide aggressive pricing despite the elevated risk of borrowers having a lower equity position. For those currently with FHA loans, we offer to streamline refinancing solutions and cash-out options with higher loan-to-value limits when compared to conventional loans with very low closing costs.
At Empower Capital Group we’re pleased to offer VA loans to qualifying military veterans, active-duty servicemen and women, and eligible surviving spouses. VA mortgages offer zero down mortgage solutions without costly monthly mortgage insurance. We also offer VA IRRRL refinancing for those looking to refinance their VA mortgage to a lower rate or shorter term while minimizing closing costs.
Higher loan amounts don’t have to equate to drastically higher interest rates. We have lower rates ARM’s (adjustable rate mortgages) that are aggressively pricing as well as fixed rate programs.
Reverse Mortgages (HECM)
If you are a homeowner age 62 or older, you may be able to take advantage of a HUD-backed, HECM reverse mortgage. Reverse mortgages allow homeowners to tap into the equity they have in their homes through a variety of funding options. Funds can be used for whatever the homeowner desires: medical expenses, home repairs, travel, educational expenses, and more. Contact us today to learn more and see if a reverse mortgage might be right for you. *This material is not from HUD or FHA and has not been approved by HUD or a government agency.
Reverse Mortgages Jumbo Loans
A jumbo reverse mortgage is a program offered by private lenders that allows you to borrow more on your primary residence than the Federal Housing Administration’s (FHA’s) Home Equity Conversion Mortgage (HECM) loan limits.
Bank Statement Loans
Bank Statement mortgage program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. Borrowers do not have to own 100% of the business.
Asset Qualifier Loans
Asset Qualifier loan product is for borrowers to qualify using their liquid assets. We do not require employment, income or DTI to justify ability-to-repay. We qualify based on required assets that meet seasoning requirements.
Investor Cash Flow Loans
Our Cash flow mortgage programs allows clients to qualify based on rental analysis to determine property cash flow. There is no personal income required. You are required to own your primary residence to qualify.
Private Money Loans
These mortgage loans are based off equity in the home only. There are no credit score or income requirements. These can be used pay off mortgages, consolidate debts, payoff liens, spouse and family buyouts, and stop foreclosure proceedings.
Home Equity Line
A home equity line of credit, or HELOC, is a type of home equity loan that allows you to draw funds as you need them and pay back at a variable rate. .
You can use equity line mortgage lines to help you invest in a rental property or consolidate debt.