MORTGAGE PROGRAMS & OPTIONS

Americana offers a full-range of residential financing, refinancing, home equity lines of credit, land and construction loans. The rates we quote are always the most competitive available from over 100 local and national banks and lenders.

Leave the research to us. Our mortgage experts will shop every lender for you, find the most suitable program to fit your unique financial situation and negotiate the best rate to save you money.

Get started right now. Contact us today to learn more or apply online.

Fixed-rate vs. Adjustable-Rate Mortgages

Fixed rate mortgages are desirable when rates are low or if they're expected to climb in the future. That's when you want to lock in a fixed rate. Adjustable rate mortgages start off at rates lower than the fixed market. Then over a few years they increase to market level. If you need a lower rate to qualify for a mortgage and you expect your income to grow, the adjustable rate might be just the ticket.

30-Year vs. 15-Year Mortgages

A 15 year mortgage will save you thousands of dollars in interest, but the trade off is much higher monthly payments. There are also tax implications.

No-Income Check Loans

If you are self employed and your income fluctuates, than a No-Income Check mortgage might be right for you. The rate will be higher but you'll be able to get the house you desire.

The 80/10/10 Program

1. Equity Builder

Borrowers realize faster equity growth because their monthly mortgage payment is going toward payment of their home, not toward mortgage insurance.

2. Eliminate Mortgage Insurance

Mortgage Interest is tax deductible, mortgage insurance is not.

3. Lower Housing Payment

Because borrowers are paying for their home and not costly insurance, borrowers have lower payments making their home more affordable.

4. 90% Conforming Loans to $417,000

Jumbo loans can use conforming pricing by splitting the first mortgage into a first and a second. Here's how: By reducing the first to a loan amount to just below the conforming maximum ($417,000) and adding a 10% second mortgage, borrowers can buy more home with a conforming price. And there's no mortgage insurance making Americana's 80/10/10 one of the most competitive programs in the industry.

5. 90% to $675K with no Mortgage Insurance

Maximize purchasing power. This program maximizes purchasing power by underwriting Cumulative LTV transactions under the first mortgage guidelines. Lower the first mortgage, and a second, and watch the maximum LTV grow.

6. Loans Just Over $800K

Avoid Large Loan Add-Ons. The market penalizes borrowers with loans over $800K with a large loan fee, the 80/10/10 program rewards them. By splitting the loan amount into a first and a second, borrowers can reduce their loan amount to just below the penalty to avoid any fees. Lower costs at closing--another reason why Americana is your Jumbo Lender of Choice.

Ask Us About:

• 1st Time Buyer Programs
• Blemished Credit
• Land Loans
• 100% Financing
• PMI Options
• Construction Loans
• Jumbo Loans
• Bridge Loans
• Home Equity Loan/Lines

And much more...