Home Loans

Ampak Real Estate and Loans is the place to come for any Real Estate matter. Home loans for the first time buyer or a refinance for a growing family are some of the many areas we can help.

Loans from Conventional, FHA, Jumbo or Home Equity are programs available for the home owner and home owner to be. With new government programs currently in place and soon to come, Ampak Real Estate and Loans can help you find a loan to place you into your first home, refinance your home or downsize to suit your retirement years.


Conventional Loans:

Conventional loans are are not government backed loans although a conforming conventional loan is structured so that it can be sold to the secondary markets Freddie Mac and Fannie Mae. These fixed rate loans are generally not as strict regarding property conditions as an FHA loan, but may be harder for a borrower to qualify for than an FHA loan.


FHA Loans:

An FHA insured loan is a Federal Housing Administration mortgage insurance backed mortgage loan which is provided by a FHA-approved lender. FHA insured loans are a type of federal assistance and have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford.


VA Loans:

VA loans are available for veterans. VA loans offer up to 100% financing on the value of a home. To qualify for a VA loan, borrowers must present a certificate of eligibility, which establishes their record of military service, to the lender. A VA loan is government insured.


Home Equity Loans:

Home Equity loans are just that a loan against the equity in a home, the difference between the value of the home and the amount due on the mortgage. There is also a bank product known as a home equity line of credit. The difference is that the loan (which is a second mortgage) is for a set amount borrowed and can be with at a fixed rate and term. The credit line is used like a credit card against the value of the home equity with a changing interest rate that is usually less than a credit card, and it accordance with the bank's policy can be turned into a second mortgage.


Jumbo Loans:

Jumbo loans are large loans. in an amount above conventional conforming loan limits. When Fannie Mae and Freddie Mac limits don't cover the full loan amount, the loan is referred to as a "jumbo mortgage". The average interest rates on jumbo mortgages are typically higher than for conforming mortgages.


Ampak Real Estate and Loans will help you find not only a loan for your real estate needs, but the best loan options available for your real estate plans. From the mortgage for that first home, to the mortgage modification on a your current home or a home equity loan to purchase investment property, Ampak Real Estate and Loans is here to help you.

If you are not certain about all the home loan choices available or concerned over the negative news regarding real estate, call Ampak Real Estate and Loans. You can find out about FHA, VA, Conventional or Jumbo loans and how to qualify for a loan. It is a good time to purchase a home.

Ampak Real Estate and Loans wants you to have not only a home loan with an affordable mortgage, they want to make this difficult decision for you a little easier by providing clear, up to date information on the programs available. Because unlike those ties, where one size fits all, mortgages should be custom-fitted. Ampak Real Estate and Loans can assist you in tailoring a loan that fits you.


Do you have additional questions? Contact Ampak Real Estate and Loans to learn more!

Disclaimer:
1. Mortgage Interest Rates change daily.
2. Some restrictions may apply.
3. Availability of offered products & services vary from state to state.
4. Borrowers credit score and situation determines the actual payments.
5. Ampak Real Estate and Loans is not a lender.
Assumptions:
A) Rates are based for primary residence of the borrower and for purchase and refinance without any cash out.
B) Closing costs are not included, it is assumed that they are paid in advance by the borrower and the property in question is a single family home, credit score is more than 720 and the debt to income ratio is not over 30%.
C) The lock rate period of the loan is 30 days.
D) Loan to value (LTV) is less than 80%, PMI will apply if LTV is more than 80% (Certain exceptions may apply).
Upon receipt of all information from the borrower the interest rate may change if borrower's qualifications are different than the example program requirements. AMPAK may offer different loan packages according to the information provided by the borrower.
30 Year Fixed Interest Mortgage Rate:
The Annual Percentage Rate (APR) is calculated on the basis that the loan amount is $200,000.00 (less than 80% LTV) and closing costs are paid by borrower and not from loan proceeds. Insurance premiums, taxes, and escrow impound accounts are not included, such charges will effect actual credit costs. Higher loan to value loans, larger or smaller loan amounts will affect the interest rate and the APR as will purchase of points to lower interest rates. Some restrictions may apply from state to state.
15 Year Fixed Interest Mortgage Rate:
The Annual Percentage Rate (APR) is calculated on the basis that the loan amount is $200,000.00 (less than 80% LTV) and closing costs are paid by borrower and not from loan proceeds. Insurance premiums, taxes, and escrow impound accounts are not included, such charges will effect actual credit costs. Higher loan to value loans, larger or smaller loan amounts will affect the interest rate and the APR as will purchase of points to lower interest rates. Some restrictions may apply from state to state.
Please call 510-516-9773 and let our professional team give your situation the range of loans available to you and inform you on how each loan program can help you accomplishment your goals in home ownership.