Loan Programs

The following is a partial list of programs offered by Interstate Home Loan Center, Inc. with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 888-696-9563.

Conventional

Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.

back to top

FHA Mortgage

Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3% down payment – and they can even finance “allowable” closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.

back to top

Investor Loans

Used to finance 1-4 family properties that will be for investment with as little as a 10% down payment. Aggressively priced, these programs have many variations, including: No Doc, Limited Doc, and Full Doc. Program may not be available in some states.

back to top

High Debt Ratio Loans

A ratio of monthly bills to monthly income higher than 50% is considered a high debt ratio. Loan programs are available for borrowers in this situation, allowing them to finance the purchase of a home or property.

back to top

Challenged Credit Loans

These mortgages are for borrowers with less-than-perfect credit. They can vary from slightly damaged credit to severely damaged. Regardless of your situation, we have a mortgage that will get you back on track.

back to top

Jumbo Loans

Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation.

Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.

back to top

Credit Problems

Troubled credit? Bankruptcy? Been turned down somewhere else? We offer loan programs for customers with credit problems.

back to top

No Down Payment

0% down payment required and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs).

back to top

VA Mortgages

Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.

back to top

Interstate Home Loan Center, Inc.
Address: 535 Broad Hollow Rd Suite A-2
Melville, New York  11747
Phone: 1-888-696-9563                                                                                                                       
Fax: 631-393-6379

LICENSED MORTGAGE BANKER-NYS, CT BANKING DEPARTMENTS
NMLS #56315


Click to verify BBB accreditation and to see a BBB report.


Copyright © 2010 Interstate Home Loan Center, Inc., Etrafficers, Inc. and its licensors. All rights reserved.
Home Page | Apply Now | About Us | Privacy Policy | Licensing | Contact Us | Site Map | FHA Loan Center
Mortgage Websites designed and powered by Etrafficers, Inc.