Whether you're a new home buyer looking for a first time mortgage or needing to refinance your existing home mortgage, there are hundreds of types of mortgages and refinancing loan options available, each with their own qualification and terms.
Luckily, you don't have to face it alone. At Fagone Mortgage Co., we understand that there is no one-size-fits-all solution to home financing. We will work with you to find the best types of mortgages for your individual needs.
For those buying a home, we offer free up-front credit approvals and fast on-time closings to make your loan as simple and easy as possible.
With a Fixed Rate Loan, your interest rate and monthly payment will remain the same even if market rates increase. This loan is the most popular home loan because it offers the security of knowing exactly what your mortgage expenses will be for the entire length of the loan. We provide Fixed Rate Loans with terms as long as 40 years and as short as 10 years.FHA Loans:
These are federally insured loans that offer financing to people who may struggle to qualify for traditional loans. Typically, FHA loans require little to no down payment, and feature flexible terms, making them popular among first-time home buyers and those with less-than perfect credit.Home Improvement Loans
Finance alterations, remodeling or structural improvements with one of our Home Improvement Loans. These loans allow your mortgage balance to exceed the purchase price or appraised value of the home, so you can take out extra money for upgrades.Jumbo Mortgage
Conventional loans are often not enough to cover the financing for high-priced luxury homes. A Jumbo mortgage is a privately securitized mortgage with higher payouts that can be used to finance up to 97 percent of your new home.Reverse Mortgage
Seniors aged 62 and over are able to convert the equity in their homes to monthly income or a line of credit. Reverse Mortgages can also be used to purchase your retirement home.VA Loans
Active duty military personnel and veterans can qualify for special mortgage rates and housing programs that are federally insured by the United States Department of Veterans Affairs.Non-QM Loans
Non-QM loans are loans that do not use the typical income documentation like W-2's and pay stubs. Borrowers who are self-employed can use 12 or 24 months of bank statements to qualify. Investors can use the appraised rental value of a property to qualify. Borrowers who are not working but have substantial savings can use those assets to qualify.