30-Year Term – Our most popular loan that requires a 5% down payment. The interest rate is fixed, and will not change during the 30 years. High balance loans (over $417,000) are also available for the 30-year term.

10-Year, 15-Year and 20-Year Terms – These loans offer the same features as a traditional 30-year term, but a shorter repayment term so you can build equity or pay off your loan faster.

30-Year ARMs – These loans start off with a fixed rate for the first few years, then begin adjusting up or down for the remainder of the 30-year term. The 3/1 ARM is fixed for the first three years, then adjusts annually for the remaining 27 years. The 5/1 ARM is fixed for five years, and adjusts for the remaining 25 years. The 7/1 ARM is fixed for 7 years, then adjusts for the remaining 23 years. High balance loans (over $417,000) are also available for the 5/1 ARM.

30-Year FHA – FHA is a government-insured fixed-rate loan that requires a 3.5% down payment that can be a family gift. FHA also allows the seller to contribute up to 6%.

15-Year FHA - These loans offer the same features as a traditional 30-year term, but a shorter repayment term so you can build equity or pay off your loan faster.

30-Year VA – VA is a government-insured fixed-rate loan for veterans and active-duty military personnel. These loans have a maximum 100% LTV on purchases and 90% LTV on refinances.

30-Year Fixed Jumbo - These loans must be $50 over the conforming limit per county to a maximum of $2 million. The interest rate is fixed for the life of the loan and requires a minimum 30% down payment.

5/1 LIBOR ARM Jumbo - These loans start off with a fixed rate for the first five years, then begin adjusting up or down for the remaining 25 years. These loans require a minimum 5% down payment

Signature Financial Inc. is a selected Florida lender for Fannie Mae's HomePath mortgage, available only for borrowers purchasing Fannie Real Estate Owned Properties (REOs).

More lenient underwriting standards than conventional loans. The Community Home Buyer program through Fannie Mae offers a variety of low down payment options. Qualified borrowers are able to finance up to 97%.

If you have little or no down payment. Great for 1st time home buyers. More flexible underwriting guidelines

An interest only loan may be either a fixed rate or an adjustable rate mortgage.  Payments are calculated for a fixed term with only interest paid.  At the end of the initial term, the principal amount owed remains the same as borrowed.  This provides for a lower monthly payment. Maximum Amount: $417,000

Provides for a lower monthly payment. Is useful in an appreciating market.

A fixed or adjustable rate mortgage established for a pre-determined term.  This mortgage is in  addition to an existing mortgage on the subject property. A HELOC (Home Equity Line Of Credit). The line of credit is approved and payments begin when money is drawn down on the line.  Typically this loan type is set up with a checking account and the funds are available for access via a check. Payments are calculated on the amount drawn down.

Good for pulling out equity without having to refinance. Great for having access to equity in an emergency and in a hurry. Ideal for "Piggy back" loans. (Combination of a 1st mortgage and a 2nd mortgage to keep under the jumbo loan amount ceiling.