717-476-8534
LOAN TYPES
Secure Your Best Mortgage
FIXED RATE MORTGAGE
The interest rate is fixed for the term of the loan.
The Fixed Rate Mortgage offered by Allcredit Home Loans, Inc. is among the most popular loans in our portfolio. I’d be happy to discuss the details of the Fixed Rate Mortgage and customize it in order to suit your specific needs and financial situation. Contact me to find out if you’re eligible, and whether this would be a good fit for your needs.
ADJUSTABLE RATE MORTGAGE
The interest rate can change after a set term.
The Adjustable Rate Mortgage is popular for some, but may not be appropriate for everyone. Get in touch to learn more about the implications and to find out whether this would be a good mortgage for your financing needs. I’ll provide all necessary information for you to make an educated decision.
BALLOON MORTGAGE
A mortgage that doesn't fully amortize over the loan term.
It’s easy to get lost while navigating all the different types of mortgage loans available. The Balloon Mortgage could be the right one for you, but it’s important that clients understand all implications before signing something they could later regret. Contact me now in order to discuss the benefits and disadvantages, and together we’ll decide whether this is the right mortgage for you.
LOAN PROGRAMS
FHA LOAN
3.5% Down payment / 6% Seller contribution
Popular 1st time home buyer program
100% Gift Funds allowed
620 Minimum Credit Score
USDA GUARANTEED LOAN
NO Money down / 6% Seller contribution
Income limits / Property Eligibility Required
640 Minimum Credit Score
VA LOAN
NO money Down / 4% Seller Contribution
Certificate if Eligibility required
CONVENTIONAL FINANCING
3-5% down payment / 3-6% Seller contribution
Multiple Mortgage Insurance options
640 Minimum Credit Score
JUMBO MORTGAGE
Loan amounts $484,350 +
5% down payment available
WHAT CLIENTS ASK THE MOST
Your Questions Answered
DO I NEED A LARGE DOWN PAYMENT TO BUY A HOME?
We offer many low and NO down payment financing options. And in many cases the seller can pay part or all of your closing costs so you can purchase a home with not a lot of money. Contact us for a review of your options.
SHOULD I GET A FIXED RATE OR ADJUSTABLE RATE LOAN?
Recently Fixed mortgage rates have been at historical lows, and have been the most popular loan choice. As rates rise, Adjustable Rate Mortgages, with their lower initial interest rates, can be a more affordable choice. Contact us to determine the right program for your situation.
DO I NEED TO PAY CLOSING COSTS WHEN I REFINANCE?
While there are the usual closing costs associated with refinancing, we can typically structure your loan so there are no costs out of pocket at closing. Contact us for a free mortgage refinance analysis.
REVIEWS FROM PAST CLIENTS
CONTACT US
There’s a lot of information to digest when purchasing or refinancing a mortgage. For a thorough consultation, get in touch. I’m happy to discuss your needs and review the best options.
228 Baltimore Street
Hanover, PA 17331
NMLS License #87286 & #127372
PA Dept. of Banking Lic. #21199
717-476-8534