My Name is Luis Martinez. Iwork for Superior Mortgage.I been a Loan Officer for the past 15yrs. i specialize in First Time Home Buyer specially in FHA LOANS. Need more Info contact Me.
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Home | Loan Application | Loan Programs | Loan Calculators | Resources | Mortgage Glossary | About | Contact | Login First Name Loan Amount Last Name Credit Excellent Good Some problems Major problems I don't know E-mail Monthly Income Phone Hello and Welcome Now is the perfect time to take advantage of low interest rates and an exceptional market. Feel free to apply online, browse our calculators and tools, learn about our loan programs, and much more. We offer custom solutions for every residential mortgage financing situation. Whatever your residential financing needs, we will tailor a loan that's right for you We don't need color for an offer like this. It's all here in black and white: YOUR DOWNPAYMENT AND CLOSING COST FREE! This is not builder 0% down hype. It's the AMERIDREAM PROGRAM; created by a non-profit organization to enable borrower's to receive a gift for the downpayment for the purchase of their home. PLus up 6% of the purchase price toward closing cost! For further infomation please contact Luis martinez cell 732-208-9015 Office 732-734-4500 Ext105 E-Mail firstname.lastname@example.org Great Interest Rates Look no further for the best rates along with the best service. We are here to help make purchasing a new home or refinancing your current home as easy as possible. Use our online application process to prequalify or fill out our full application to speed up the application process. 30 Year Fixed - 6.36% Traditional 30 year mortgage - National Average 15 Year Fixed - 5.98% Traditional 15 year mortgage - National Average 5/1 ARM - 6.04% 5 Year Fixed / adjustable rate mortgage - National Average 3/1 ARM - 5.66% 3 Year Fixed / adjustable rate mortgage - National Average FNMA 7 Year Balloon - 6.26% Fannie Mae 7 year balloon 30 day yield FNMA 15 Year - 5.78% Fannie Mae 15 year fixed 30 day yield FNMA 30 Year - 6.07% Fannie Mae 30 year fixed 30 day yield CODI - 5.343% Certificate of Deposit Index COSI - 4.790% Cost of Savings Index MTA - 4.788% Monthly Treasury Average COFI-11th District - 4.383% Cost of Funds Index 11th District COFI-Federal - 4.537% Cost of Funds Index Federal Funds - 4.50% Federal Funds Rate Prime Rate - 7.50% Wall Street Journal Prime Rate 1 Year CMT - 4.04% Constant Maturity Treasury 30 Year Treasury - 4.74% 30 Year Treasury Bond 12 Month LIBOR - 4.746% 12 Month USD LIBOR Index Luis Martinez 300 Kimball St Suite 201 Woodbridge, NJ 07095 732-208-9015 email@example.com Home | Loan Application | Loan Programs | Loan Calculators | Loan Site PlusTMInfogenix | Resources | Useful Links | Mortgage Glossary | About | Contact | Site Map | Login
Luis Martinez's Blog Posts
– over 12 years ago
Home | Loan Application | Loan Programs | Loan Calculators | Resources | Mortgage Glossary | About | Contact | Login First Name Loan Amount Last Name Credit Excellent Good Some problems Major problems I don't know E-mail Monthly Income Phone Loan Programs and Loan OptionsIn today's lending market there are many options to choose from. Sometimes the differences in these programs can be subtle but significant. We offer a variety of loan programs to fit your needs. This page provides an overview of many of the different programs on the market. Contact us to find out what programs are currently available, or for any other related questions. FHA MORTGAGES VA MORTGAGES JUMBO LOANS 80/15/5 107% DOWN PROGRAMS EMERGING MARKETS PROGRAM ZERO DOWN PROGRAMS HIGH DEBT RATIO LOANS 203K FHA MORTGAGE CONSTRUCTION LOANS FLEX 97 LOANS NO DOC/STATED INCOME INTEREST ONLY 2ND MORTGAGE LOANS A- THRU D PROGRAMS 125% 2ND MORTGAGE INVESTOR LOANS Click here to contact us for information on other less common programs. 80/15/5 - This is a loan which carries a second mortgage for up to 15% of the purchase price of the property. It is usually used when wishing to avoid PMI insurance or to keep your first mortgage under the FNMA/FHLMC limit to avoid Jumbo rates. The borrower puts down a 5% down payment and then finances a first mortgage up to the FNMA/FHLMC limit and a second mortgage of up to 15% of the purchase price. Other variations are 80/10/10 or 75/15/10. FHA MORTGAGE - Backed by the Department of Housing and Urban Development this mortgage offers the borrower the ability to put as little a 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. 203K FHA MORTGAGE - Same as FHA above but with the ability to finance home improvements that are needed. One mortgage is given based on the value plus improvements up to 115% of the future value. These improvements must be over $5000 and can be for a new kitchen, new bathroom, to add a garage or to structurally improve the property. They cannot be to add a swimming pool etc... VA MORTGAGE - 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. 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. EMERGING MARKETS PROGRAM - 0% Down payment required and closing costs can be financed up to 105% of the purchase price. Only single-family homes that will be owner occupied are eligible. First time home buyer status not required and there are no income limits. ZERO DOWN PROGRAMS - Same as above only the borrower pays for closing costs or can have the seller contribute up to 6% towards closing costs. NO DOC/STATED INCOME - Loans where your income is not requested or verified with as little as 10% down are stated income loans. There are several varieties of the "no-doc" loan today. Basically the type of loan that is best suited for a particular borrower depends on that borrower's situation. Some borrowers choose not to disclose employment, income or asset information, while others may be willing to disclose employment and asset information but not income. Still others might be willing to disclose even income but select a program that doesn't calculate debt-to-income ratios allowing those borrowers to exceed the traditional guidelines in order to qualify for a larger mortgage amount. With all the different variations of the no-doc loan, there is definitely a mortgage program for today's non-conventional borrowers. INTEREST ONLY - Shorter term adjustable rate mortgage where borrower is not required to make payment on the principal. FLEX 97% - Similar to FHA but without maximum mortgage amount limitations. Must be a single family, owner occupied home and borrower must have a credit score of over 680. A- THRU D LOANS - These mortgages are for the credit challenged. They can vary from slightly damaged credit to severely damaged. Whatever the situation we have a mortgage that will get you back on track. 2ND MORTGAGE LOANS - Subordinate to the first mortgage these loans offer the borrower the ability to get money for home improvement, debt consolidation or many other reasons without disturbing their first mortgage. Convenient when you have a low interest first mortgage. 125% 2nd MORTGAGE - Same as above but the 2nd mortgage we will lend up to 125% of the value of the home. HIGH DEBT RATIO LOANS - Borrowers having the ratio of their monthly bills to their monthly income higher than 50% is considered a high debt ratio. Loan programs are available for these borrowers, allowing them to finance the purchase of a home or property. CONSTRUCTION LOANS - Building a new home can be an exciting prospect - unless you get caught up in a construction loan approval process that's overly complicated and time consuming. With this loan we will finance up to 90% of the cost of land plus the costs of construction. We offer a one time fixed rate closing or the traditional ARM products. 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 such as NO DOC, LIMITED DOC and FULL DOC. PROGRAM NOT AVAILABLE IN NEW YORK. Click here to contact us for more information on any of these programs. Home | Loan Application | Loan Programs | Loan Calculators | Loan Site PlusTMInfogenix | Resources | Useful Links | Mortgage Glossary | About | Contact | Site Map | Login
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