Loan Programs
The following is a partial list of programs offered by Sanborn Mortgage Corporation with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 860-561-1677.
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Second Home Loans
Fixed and adjustable rates offered for second home purchase/re-finance in CT, VT, and RI.
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Adjustable Rate Loans
Programs vary from 3/1, 4/1, 5/1, and 6/1. Fixed for chosen period then changing to a 1 year adjustable.
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Conventional
Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.
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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.
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Investor Loans
Used to finance 1-4 family properties that will be for investment with as little as a 10% down payment.
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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.
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