The following is a partial list of programs offered by Cardinal Financial Company, Limited Partnership with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 702-372-2427 .
A popular loan type, conventional fixed rate loans feature a constant interest rate for the life of the life. Generally speaking, monthly payments remain constant. Traditionally borrowers are expected to provide a 20 percent down payment though you can put as little as 3% down. Contact us for details on down payment requirements. Available terms generally range from 10 years, 15 years, 30 years and 40 years.
Like a FHA loan, VA loans are private loans insured by the federal government. VA loans are only available to qualified military veterans and their families. These loans are only available to these individuals for their own primary residences and cannot exceed a $548,000 loan limit. For information on qualifying for this loan program please give us a call today.
Finally, there is help for homeowners that are in need of down payment assistance on their mortgages:
A jumbo loan, or non-conforming loan, usually means any home loan for amounts higher than $548,000. Jumbo loans feature similar loan programs to fixed rate and adjustable rate programs. There are even FHA jumbo loans. The main difference between jumbo loans and conforming loans is the interest rate. Because jumbo loans are riskier for lenders they usually have higher rates. Learn more about jumbo loans by contacting us today.