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Loan Type |
Advantages |
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CHFA |
National City is a leader in the First Time Homebuyer products. In today's uncertain market, it is a must to find a lender with integrity who will sell you the right product. CHFA offers a low fixed rate mortgage. You may have the ability to also finance your down payment and closing costs. |
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VA/FHA |
VA-veterans you do deserve to get a loan with 100% down and No monthly MI Insurance. Yes you can also get the CHFA rate. FHA-government loans have the most aggressive guidelines available in an ever tightening market. Low down payment and reasonable credit standards allow for customers to obtain financing for purchasing a home. |
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Fixed Rate |
Interest rates or principal and interest payments that stay the same for the life of your loan - 10, 15, 20 and 30 year terms |
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Adjustable Rate
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Qualify for a higher mortgage and enjoy a lower initial interest rate and payment
Adjustment periods vary depending on which product you choose |
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Affordable Housing Programs |
Great for first-time homebuyers. Little or no down payment required with potentially lower interest rates. |
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Jumbo Loans |
Choice of a fixed or adjustable rate. Mortgage interest may be leveraged as a tax deduction (Consult a tax advisor on the deductibility of interest.) |