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Choose The Right Loan
Which loan program is right for you?
Whatever your situation may be, we have a loan program just for you.* Whether it's a loan to purchase a home, lower your current monthly payments, pay your bills, or improve your credit, we've got it.

*some qualifications do apply.

Fixed to Adjustable Programs
ADVANTAGES DISADVANTAGES
•  2 and 3 year fixed rate mortgages provide the security and a relatively low fixed interest rate. After the first 2 or 3 years the loan will convert to an adjustable loan in order to obtain a full 30 year fixed loan
•  Allows a borrower 2 to 3 Years to improve their credit
•  Loan will convert to an ARM after the fixed period and payments can increase as rates rise
2 Year Fixed(then ADJ), 3 Year Fixed(then ADJ)
Adjustable Rate Programs
ADVANTAGES DISADVANTAGES
•  Lower initial monthly payment
•  Lower payment over a shorter period of time
•  Rates and payments may go down if rates improve
•  May qualify for higher loan amounts
•  Payments may change over time
•  Potential for higher payments if rates go up
10/1 ARM, 7/1 ARM, 3/1 ARM, 1 Year ARM, 6 Month ARM, 2/28 2 Year Fixed; 28 Year ARM, 1 month ARM
 
No Point No Fee Programs
ADVANTAGES DISADVANTAGES
•  No closing costs
•  Less money required to close
•  Higher rates
•  Higher down payments
 
No/Stated Income/Asset Programs
ADVANTAGES DISADVANTAGES
•  No tax returns or W2's
•  No proof of assets or down payment
•  No verification of income
•  Fast approval
•  Higher rates
•  Higher down payments
  Americana Mortgage Group
NMLS# 22338
1615 Northern Boulevard, Suite 404
Manhasset, NY 11030
Phone (888) 262-6685
Fax (516) 627-0229

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