Products

We offer a wide variety of loan programs to meet your individual financing needs. Alongside leading industry investors, we can give you the ideal financing options you need to fit your budget and lifestyle.

Conforming Fixed & Adjustable Rate Mortgages

Often known as “Conventional Loans”, these loans are the “bread and butter” of mortgage lending, with great features and benefits available if you have a good credit score. For example, you may be able to put as little as 3% down, and you may also potentially avoid monthly Private Mortgage Insurance, and get your annual tax and insurance escrow requirements waived.

FHA & Veteran’s Administration Loans

With an FHA loan, you are given more flexible qualification guidelines, comparative to Conventional loans. This means that you stand a very good chance of being accepted for finance despite having lower credit scores and higher qualifying ratios. If you are a qualifying military veteran, a Veteran’s Administration (VA) loan will enable you to finance up to 100% of your home’s purchase price, and exempt you from paying any monthly Mortgage Insurance.

Down Payment Assistance

Down Payment Assistance Programs help eligible borrowers start their journey to homeownership, even if they haven’t saved up a large down payment. DPA can be paired with any loan type and is available to both first-time and repeat homebuyers. Benefits may include reduced mortgage insurance costs and, in some states, access to first-time homebuyer tax credits that can save thousands annually on property taxes.

Blended Loans (80/10/10, 80/15/5, etc)

Blended Loans are Conventional Loans that allow borrowers to take out a 1st and 2nd mortgage on the same property, allowing borrowers to put as little as 5% down while still avoiding Private Mortgage Insurance and allowing the option to waive escrows.

Jumbo Loans

With a Jumbo Loan, you can finance a loan amount that is more than the Conforming Limit, which is currently up to $806,500. This may allow our borrowers the ability to finance the home of their dreams. For more information about this and many other exciting financing programs, contact your CLM Loan Officer today!

That’s Not All!

These are only some of the options available to our borrowers; contact CLM Mortgage today! Our product options are subject to frequent changes, so please contact us for the latest products and to discuss which options are best suited to your mortgage needs.