A Frame Mortgage LLC offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
30 Year Fixed Mortgage
FHA
VA
USDA
Reverse Mortgage
Unique Properties


Term: 30 years   Maximum Amount: $417,000

30 Year Fixed Mortgage
You can count on A Frame Mortgage for home loans made easy. We will guide you through the entire home loan process. This fixed-rate mortgage is the most common mortgage program available in the business and the easiest to understand. A fixed rate mortgage provides: • A payment (principal and interest) that will remain the same throughout the term of the loan • The payment is amortized over the term of the loan*1 • No prepayment penalty. You may pay some or all of your loan balance in advance without a penalty. *1 Amortization is the repayment of a loan with periodic payments (monthly in this case) of both principal and interest calculated to pay off the loan at the end of a fixed period of time (term). Since the interest rate does not change, the principal and interest portion of the payment remain the same, and the loan is paid in full at the end of the term.

Term: 30 years   Maximum Amount: $453,100

FHA
The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring over 34 million properties since its inception in 1934. FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit properties. FHA has financing for mobile homes and factory-built housing. We have two loan products - one for those who own the land that the home is on and another for mobile homes that are - or will be - located in mobile home parks. Financial help for seniors Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can answer "yes" to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash. The CY2014 basic standard mortgage limits for FHA insured loans are: One-family Two-family Three-family Four-family FHA Forward $271,050.00 $347,000.00 $419,425.00 $521,250.00

Term: 30 years   Maximum Amount: $294,515

VA
VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms. VA Home Loan Advantages The guarantee VA provides to lenders allows them to provide you with more favorable terms, including: No down payment as long as the sales price doesn't exceed the appraised value. No private mortgage insurance premium requirement. VA rules limit the amount you can be charged for closing costs. Closing costs may be paid by the seller. The lender can't charge you a penalty fee if you pay the loan off early. VA may be able to provide you some assistance if you run into difficulty making payments. You should also know that: You don't have to be a first-time homebuyer. You can reuse the benefit. VA-backed loans are assumable, as long as the person assuming the loan qualifies.

Term: 30 years  
 
VA Funding Fee Generally, all Veterans using the VA Home Loan Guaranty benefit must pay a funding fee. This reduces the loan's cost to taxpayers considering that a VA loan requires no down payment and has no monthly mortgage insurance. The funding fee is a percentage of the loan amount which varies based on the type of loan and your military category, if you are a first-time or subsequent loan user, and whether you make a down payment. You have the option to finance the VA funding fee or pay it in cash, but the funding fee must be paid at closing time. You do not have to pay the fee if you are a: Veteran receiving VA compensation for a service-connected disability, OR Veteran who would be entitled to receive compensation for a service-connected disability if you did not receive retirement or active duty pay, OR Surviving spouse of a Veteran who died in service or from a service-connected disability The funding fee for second time users who do not make a down payment is slightly higher. Also, National Guard and Reserve Veterans pay a slightly higher funding fee percentage. To determine your exact percentage, please review the latest funding fee chart.

USDA
Term: 30 years   Maximum Amount: $272,000

Reverse Mortgage

Unique Properties



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $453,100 with closing costs of $18,124. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $453,101 with closing costs of $18,124. Your actual APR may be different depending upon these factors.