Contact a Premiere loan officer with any questions. Top of Page Adjustable Rate Mortgage Available on FHA and Conventional Loans. ARM's may provide the security, flexibility and affordability prospective home buyers desire. These loans are especially attractive to home buyers who plan to trade up in future years. Generally, initial interest rates are lower than on fixed rate mortgages.
Balloon loans are conventional conforming and non-conforming loans which are set on a fixed rate.
Balloon loans are an excellent program for qualified buyers who will be selling their home within a few years, first time home buyers, relocation buyers and applicants who have not yet sold their current home and qualify with both payments. Refinancing is an excellent option and is available to qualified applicants who have had a clean mortgage history without any late payments. Allowing the borrower to control the actual term of the payments. Loans A bridge loan provides temporary financing to allow a customer time to sell their existing home while enabling them to proceed with the purchase of a new one. A 90-180 day term is generally the maximum time allowed for the existing house to sell.