Products
& Services
Beacon Mortgage, Inc. offers many options for your financial needs:
Our products include Conventional Fixed Rates,
Jumbo Mortgages (mortgage amounts in excess of $275,000), FHA, VA and
Construction to Perm products, just to name a few.
We also serve the borrower with less than
perfect credit scores and the self-employed borrower. We provide many options that
include long term rate locks, up to 107% financing, Stated Income programs
and No-Asset programs.
Conforming Loans:
Conforming long-term,
fixed rate and adjustable loans that meet Fannie Mae and Freddie Mac loan
limits and property and
borrower guidelines.
Generally has higher loan limits than FHA and
VA.
VA:
Government insured/guaranteed long-term, fixed rate and
adjustable loans. The
borrower must meet VA eligibility requirements.
No Income
Ideal for the self-employed borrower with good
credit,
Verification: loans where the borrower is able to put down 10% or more equity in exchange for reduced income documentation requirements
80/15/5: Ideal for first-time home-buyers. This program reduces the amount for the down payment and eliminates PMI (Private Mortgage Insurance). An 80% first mortgage, a 15% second mortgage and only 5% required from the borrower.
80/10/10: This is virtually the same product as the 80/15/5, but requires a 10% down payment. The second mortgage would be 10% and the first mortgage would be 80% of the purchase price.
Beacon Mortgage, Inc.is licensed
by the Pennslvania Department of Banking as mortgage
broker.
