The American Eagle Mortgage Corp. - Making Dreams Come True


	HOME \| APPLY ON-LINE \| LEARN \| CONTACT US
		Purchasing Your New Home

Home Purchase- loan options

		Whether you are a first-time home buyer, an experienced buyer, or an investor, we offer a complete variety of loan options to suit all of your home financing needs. Conventional or Government(FHA/VA)? Fixed or adjustable rate? 30 years or 15? If you are unsure what loan is for you, our experts can help you select the right loan from our various options.
		Home Loan Options

	Balloon Payment Options: Conventional 7 Year Balloon		Construction loan options 10% Down New Construction/Perm Loan Other Construction Options
	Conventional Adjustable Rate Option Conventional 1 Year ARM Conventional 3 Year ARM Conventional 5 Year ARM Conventional 7 Year ARM		Conventional Fixed Rate Options Basic 30/25/20/15/10 Year Fixed Rate Loan Low down payment fixed rate (3% Down)
	Customized loan options Blemished Credit Options Bridge Loan Farmer's Home Loan (FmHA) Other Loan Options		FHA home loans FHA 1 Year ARM FHA 203K Rehabilitation Loan FHA Fixed Rate Loan
	First-time home buyer options Low Down Payment 30 Year Fixed Reduced Rate Bond Loan		Jumbo Mortgages Jumbo Loans
	VA home loans VA Fixed Rate Loan

Balloon Payment Options::

If you plan to refinance or payoff your mortgage in less than 7 years, our conventional balloon options may suit you. With a conventional balloon loan, you get the benefit of a fixed monthly payment and a reduced interest rate. The interest rate is lower than most fixed rate loans and very attractive to borrowers who are likely to move within the balloon term.

options offered:

Conventional 7 Year Balloon

(click on the loan to learn more about it)

Construction loan options:

We realize building your new home can get complicated. That's why we try and keep it simple by offering a one-time closing, combined construction permanent loan. This loan has a required down payment of 10 percent. Conveniently, if you have already purchased your lot, the equity in the land can serve as your down payment. With our construction loan, eliminate the hassle and save time and money.

options offered:

10% Down New Construction/Perm Loan
Other Construction Options

(click on the loan to learn more about it)

Conventional Adjustable Rate Option:

If you want the advantage of a low initial interest rate, you may want to check out our conventional adjustable rate mortgages (ARM). With an ARM, the interest rate will be fixed for a stated period of time and then becomes adjustable for the remainder of the loan. For example a 3 year ARM has a fixed interest rate for the first three years and then for the final 27 years the rate will adjust periodically. The interest rates changes periodically (normally once a year) based on the changes of current market interest rates. When the interest rate adjusts, so does your payment. If interest rates rise, your payment will rise. If the interest rate goes down, so does your payment.

ARM Advantages:

The initial interest rate is lower than that of most fixed rate mortgages.

If interest rates go down you benefit from a lower interest rate and a reduced monthly payment.

ARM loans offer the protection of Annual and Lifetime Caps.

options offered:

Conventional 1 Year ARM
Conventional 3 Year ARM
Conventional 5 Year ARM
Conventional 7 Year ARM

(click on the loan to learn more about it)

Conventional Fixed Rate Options:

With a fixed rate conventional loan from Broadview, your monthly payments will always be predictable. The interest rate is fixed for the life of the loan, so your monthly principal and interest payment will never change. With flexible options and competitive rates our conventional fixed rate loans are a good way to protect yourself against rising interest rates.

options offered:

Basic 30/25/20/15/10 Year Fixed Rate Loan
Low down payment fixed rate (3% Down)

(click on the loan to learn more about it)

Customized loan options:

We have various loan programs for our customers with unique needs. Check out our Bridge loan, it can help get you in your new home before you sell your current one. If you can't find a loan to fit your needs online, then call us. We have many more customized loan options that are not listed here.

options offered:

Blemished Credit Options
Bridge Loan
Farmer's Home Loan (FmHA)
Other Loan Options

(click on the loan to learn more about it)

FHA home loans:

FHA Home Loans feature low down payments and flexible guidelines to make it easier to qualify. FHA loans are popular with first time home buyers but they can be equally attractive to move-up buyers. FHA home loans are insured by the Federal Housing Administration (FHA), a division of Housing and Urban Development (HUD). HUD does not generally provide the funds for the mortgages, but they insure (see Mortgage Insurance) mortgage loans made by private industry lenders such as banks and mortgage bankers. HUD/FHA offers a variety of single family home loan programs including single family (1-4 unit homes) mortgage lending programs.

options offered:

FHA 1 Year ARM
FHA 203K Rehabilitation Loan
FHA Fixed Rate Loan

(click on the loan to learn more about it)

First-time home buyer options:

Stop paying rent. We can help you stop wasting your monthly rent payments and start building equity in your first home. Our first-time home buyer loans feature low or no down payment and flexible guidelines to make home ownership easy. In addition, when you work with us, your personal loan officer will be there to guide you through the entire process. We know the importance of achieving home ownership and we work hard make it possible for everyone.

First Time Home Buyer Advantages:

Low or NO Down Payment

Special 30 year fixed rate financing for your first home

Easy to qualify, special down payment assistance available

options offered:

Low Down Payment 30 Year Fixed
Reduced Rate Bond Loan

(click on the loan to learn more about it)

Jumbo Mortgages:

Jumbo Loans are conventional loans that are larger than conforming loan limits (any loan over $417,000 for a single-family home).

options offered:

Jumbo Loans

(click on the loan to learn more about it)

The U.S. Department of Veterans Affairs guarantees mortgage loans for Veterans and service persons. The guaranty allows Veterans to obtain home loans with favorable loan terms, usually without a down payment. The purpose of the VA home loan program is to help Veterans finance homes with favorable loan terms and favorable interest rates. For VA housing loan purposes, the term

VA Advantages:

Zero down payment and flexible guidelines making qualifying easier.

No monthly mortgage insurance premium.

Rate Reduction Refinance (no requalifying or appraisal required).

options offered:

VA Fixed Rate Loan

(click on the loan to learn more about it)



	Serving Ohio and Florida