Loan programs

Explore Our Wide Selection of Loan Programs

Ultimate Financial Corporation has access to loans from 22 different lenders. This gives us the ability to provide the right solutions for any of our homebuyers.

Our Loan Programs

Fixed-Rate Mortgages (FRM)

The traditional fixed-rate mortgage is the most common type of loan option. It includes monthly principal and interest payments which never change during the loan’s lifetime. We set ourselves apart from our peers by offering 30-, 27-, 22-, 20-, 15-, 12-, 10-, and 8-year fixed-rate loan terms.

Hybrid ARMs (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)

These types of mortgages combine the features of both fixed-rate and adjustable-rate mortgages. Hybrid ARMs are also known as fixed-period ARMs.

FHA Loans

FHA loans are mortgages that are insured by the Federal Housing Administration (FHA). These allow borrowers to get low mortgage rates alongside minimal down payment.

VA Loans

These are mortgages that are guaranteed by the Department of Veteran Affairs. VA loans offer benefits with low-interest rates and no down payment requirement to military veterans. This program was designed to assist military veterans in realizing their American dream of homeownership.

HARP 2.0

HARP 2.0 is a refinance option for homeowners that are “underwater.” This means people who owe more on their homes than the worth of their property.

Reverse Mortgages

Reverse mortgages are designed to allow senior homeowners in converting a portion of their home equity into cash while still living in their homes.

Stated Income

This allows self-employed borrowers to state their monthly income instead of providing income documentation.

The Loan Program That Is the Best for You

You might be having trouble choosing between fixed-rate or adjustable-rate mortgage. Maybe you are planning on getting either a conventional loan or a government loan. There are no correct answers in deciding which mortgage product fits you best, and it will depend on your unique circumstances.

Components of an ARM

Are you in the process of choosing a home loan? Before you do that, you should know the advantages and risks of adjustable-rate mortgages. This will help you make an informed and prudent decision.