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Mortgage Refinance Richmond

Conventional 30-Year, Fixed-Rate Loans with competitive rates and first-class service
15-Year Fixed Rate Conventional Loan Refinance Conversion
Convert your ARM (Adjustable Rate Mortgage) to a low Fixed-Rate Conventional loan
Investor Loans, Cash-out Refinance, and Term-Reduction Refinance options

Ample – purchase and refinance amounts up to $2 million
Needs-specific – 5/1, 7/1, 10/1 adjustable-rate mortgages (ARMs) provide lower fixed interest rates and payments for the initial years¹
Security – a choice of fixed-rate terms with no adjustments for the life of your loan
Versatile – Finance a primary residence or a second/vacation home
Flexible - Foreign national and nonpermanent-resident alien borrowers are eligible
Accommodating – Retirement funds can count toward the cash reserve requirement after closing

ACCOMMODATING – Flexible credit and income-qualifying guidelines
CUSTOMIZED – Choice of predictable fixed-rate payments or lower adjustable rate1 introductory payments
FLEXIBLE – Down payments as low as 3.5% and no mortgage payments held in reserve
OPTIONS – Gift funds accepted for down payment, provided you meet minimum investment of own funds
ASSUMABLE – Qualified buyers may be able to take over the seller’s existing mortgage, including interest rate.

Owner-occupied homes only (foreclosures are eligible)
3.5% down payment is required (may be gifted from a family member or relative)
1-4 unit properties are eligible
Mortgage payments can be financed during renovation if the home is uninhabitable or the work being done would cause you not to be in the home

Accommodating — Flexible credit and income qualifying guidelines
Convenient — Up to 100% financing, and gifts or grants may be used for down payment¹
Typically Lower Costs — Compared to standard, conventional financing