ARM Products Mortgages Unlimited offers a variety of adjustable rate programs. Contact a Mortgages Unlimited Loan Officer for additional information. This is also based on the 1 Year Treasury Index. These zero down programs typically require excellent credit ratings. Down payments vary depending on the type of loan program selected.
Some programs allow the down payment to be borrowed, or even gifted.
Mortgages Unlimited is proud to be able to offer these products. Points Points are dollars paid to lending institutions at the time of closing to allow lenders to make loans at rates lower than existing money market conditions warrant. One point equals one percent of a new loan amount. If a new mortgage calls for two points, it means that two percent of the amount of the loan needs to be paid to the lender up-front at closing. Note that points are calculated on the amount of the new loan, and not on the sale price of the property.