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Loan Options.

Find a Mortgage that Works for You!

Buy a new Home
Mortgage Easy Qualification Loan Flexibility Rate Security Low Money Down
FHA LoanOur FHA home loan makes qualifying for a new mortgage very easy. Refi or purchase with our most flexible loan! Apply Now
30-Year Fixed Rate MortgageOur 30-year fixed-rate mortgage has a low payment that wont change! Apply Now
VA LoanVeterans can refinance or buy a home with our low rate VA loan, even with zero down! We support our troops! Apply Now
15-Year Fixed Rate MortgageA very low-rate loan. Pay less interest and pay off your home loan in 15 years! Apply Now
Adjustable Rate MortgageThe lowest rate we offer! A great choice for the financially savvy. Lower your payment with a 5- or 7-year ARM! Apply Now
Jumbo LoansFor loans over $417,000 and up to $4,000,000. 15-year, 30-year, FHA and ARM jumbo home loans are available! Apply Now
FHA StreamlineCurrrently have an FHA loan? Get an easy refinance with FHA Streamline. You may not even need an appraisal! Apply Now
Reverse MortgaggeA financial tool for homeowners 62 years and better – eliminate your monthly mortgage payment altogether and get cash whenever you need it! Apply Now

30-Year Fixed Rate Mortgage

Lock in a low payment that won't change.

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Is 30-year fixed-rate mortgage right for you?

  • Do you plan to stay in your home for many years?
  • Do you prefer a consistent mortgage payment for budget planning?
  • Does your peace of mind depend on a payment that never changes?

If you answered “yes” to any of these questions, then you have come to the right place! Since your rate won’t change for the life of your loan, your payment will never increase.

How a 30-year fixed-rate mortgage works

  • 360 monthly payments based on interest rate, principal loan amount, and amortized interest over 30 years.
  • Your payment will not change throughout the life of the loan (hence the term “fixed rate”)
  • Your actual payment will vary based on your situation and the current interest rates when you apply.
  • Pay your mortgage at any time without pre-payment penalties.

30-year fixed-rate mortgage qualification requirements

  • Refinance up to 95% of your primary home’s value.
  • Buy a home with as little as 5% down (primary home).
  • Loan amounts from $25,000 to $3,000,000.

Rate Mortgage

15 Year Fixed

A very low interest rate loan. Pay less interest and pay off your home loan in 15 years!

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5-1 ARM

Adjustable Rate Mortgages

The lowest rates we offer! A great choice for the financially savvy. Lower your mortgage payment and buy more house with our 5- or 7-year ARM.

  • Fixed then adjustable after 5 years.
  • Best option for those not planning to live in their home long term.
  • Same features as a 30 year mortgage.
  • 3
  • Generally come with the lowest rate available.

FHA Mortgage

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Get started with an FHA Loan today!

  • Do you want easier qualifying guidelines and credit requirements?
  • Is your down payment or home equity less than 20%?
  • Do you have an FHA loan and want to save money with an easy and fast FHA Streamline refinance?

If you answered “yes” to any of these questions, an FHA loan may be right for you! The easiest way to qualify for refinancing or home buying, an FHA loan gives you a government-insured loan with flexible choices – opt for the security of a fixed rate or the versatility of an FHA 5-year ARM.

How an FHA loan works

  • Your actual payment will vary based on your situation and the current interest rates when you apply
  • Pay your mortgage at any time without pre-payment penalties
  • 30-, 25-, 20- and 15-year terms are all available with fixed rates
  • 5-year adjustable-rate mortgage available
  • Backed by the Federal Government!
  • Refinance your FHA loan easier and faster (and with no appraisal or Income Verification) with FHA Streamline.

FHA loan qualification requirements

  • Credit scores as low as 580 may qualify!
  • Refinance up to 97.75% of your primary home’s value
  • Buy a home with as little as 3.5% down (primary home)

Cash in on your benefits with a VA loan!

VA Loan

Are you a veteran, member of the military, or a surviving spouse of a veteran?
Do you want fast approval and minimal red tape?
Are you interested in refinancing up to 100% of your home, or buying a home with no down payment?

If you answered “yes” to any of these questions, a VA loan might be right for you!

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VA loan features

  • No money down
  • No monthly PMI (Private Mortgage Insurance)
  • Variety of Loan Programs: 30-, 20- & 15-year fixed-rate or 5 year ARM
  • Jumbo VA loans available up to $1,094,625 and up to $325,000 cash-out on a refinance
  • Refinance up to 100% of your primary home’s value
  • VA Streamline refinance with a reduced funding fee and flexible documentation requirements!
  • VA loans are fully back by the government!

How VA loans work?

  • Fixed rate monthly payments are based on interest rate, principal loan amount and amortized interest over 15, 20 or 30 years. Your payment will not change throughout the life of the loan!
  • ARM interest rates are fixed for a period of 5 years. After the fixed-rate period, your interest rate can adjust up or down depending on the market
  • Your actual payment will vary based on your situation and the current interest rates when you apply
  • Pay your mortgage at any time without prepayment penalties
  • Credit scores as low as 620 qualify for VA loans

For Homeowners aged 62 or better

Reverse Mortgage

Homeowners aged 62 or better can take out a Reverse Mortgage, which allows you to tap income from the equity you’ve built up in your home. You don’t make any mortgage payments, rather a Reverse Mortgage pays you.

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Benefits of a Reverse Mortgage Include

  • No monthly mortgage payments
  • You receive payments, monthly, or in a lump sum – your choice
  • Tax free money. The money you receive is non-taxable
  • You stay in your home – and you maintain home ownership
  • Qualifying is easy – you need to be 62 or better, have equity and meet certain HUD guidelines
  • Federally insured loan program – gives you peace of mind
  • Simple – you must reside in your home, and like any mortgage, you need to pay your property taxes and insurance

At NewRate we’re friendly and traditional, and we know it’s your equity – we’re just here to help you get to it without having to sell your home to do so!