Financing
Our Premium Loan Products
Researching and choosing a mortgage program that suits your situation can be a bit confusing. JL Moneyline takes the guesswork out of financing and determines which program best suit your needs. Contact JL Moneyline if you have any questions, or get preapproved online to get the loan process started.
The following are just a few of the popular loan options offered. Click on any of the programs below or scroll down for complete details.
1st Time Home Buyers
Saving up for a down payment can be an obstacle for many first-time homebuyers. JL Moneyline is ready to help with low down payment programs that put a home well within your reach.
Whatever your home financing needs, our mortgage team is ready to help you with a broad range of programs, money-saving options and personalized service.
* LESS CASH REQUIRED - Low- or no-cost programs; closing costs can be financed
* INCREASED AFFORDABILITY - Finance up to 96.5% of your loan. The Down payment and closing costs may be a gift, grant or unsecured loan
* FACILITATES HOME OWNERSHIP - Low/high rise condos and manufactured housing allowed
* MORE BORROWERS CAN QUALIFY – Expanded guidelines for calculating debt ratios
* FLEXIBLE GUIDELINES - Less-than-perfect credit and acceptance of non-traditional credit references allowed
* FLEXIBILITY – Frequent job changes, income from seasonal employment and secondary income may be acceptable Property location and income restrictions apply to some Easy-to-Own loan programs. Credit is subject to approval.
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30-Year Fixed-Rate Mortgage
Fixed-rate mortgages are Fannie Mae's flagship products, since many consumers prefer the stability of both a fixed interest rate and a fixed payment over the life of the loan. Most Fannie Mae products carry a 30-year term option.
Lock in a long-term interest rate with a stable, predictable monthly payment. Borrowers who want to build equity faster should select the shortest loan term they can afford.
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Interest Only ARM
Enjoy financial freedom of choice - reduced monthly payments, or the ability to afford a more expensive home with the Interest-Only 5/1, 7/1 and 10/1 Adjustable-Rate Mortgage feature. The all-interest payments can deliver tax benefits plus the flexibility to take advantage of other investment opportunities.
* QUALIFY FOR MORE - Interest-only payment option means increased affordability or reduced payment s depending on your goals.
* LOW INITIAL PAYMENTS - Pay only interest for the first five, seven years or ten years.
* EASIER PROCESSING - Limited documentation programs available.
* INCREASED CASH FLOW - Invest in high-yield and tax-deferred savings, maximize retirement con- tributions, pay off high-interest debt, make renovations. The options are endless and the choice is yours.
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