Types of Loan Programs

Neighborhood Mortgage Center is approved to originate all types of conventional mortgage loans and has agreements with many institutional purchasers of residential mortgages.  Neighborhood Mortgage Center is truly a mortgage SUPERSTORE  with the ability to meet any need for residential mortgage financing from the most competitively priced standard "A" paper loan to the most difficult, unusual, loan. 

Neighborhood Mortgage Center originates a full array of standard conventional, niche and subprime loans.  

For people with excellent qualifications wanting a standard program our size enables us to offer the most competitive terms available in the marketplace.  And if you’re having trouble documenting your income, employment or cash to close – well, we have just the program for you!  Many people desire to minimize the amount of cash required at closing and save that money for the numerous after closing expenses, e.g. new furniture, new carpeting & floor covering, new wall & window treatments, kitchen & bath updates, new landscaping, lawn equipment & lawn furniture, or whatever your heart (or sweetheart) desires!  If this is you, you’ll be happy to know that we can move qualified borrowers into their dream home for next to nothing out of pocket at closing!  Some people think that they cannot be approved for a mortgage loan - they may even have been turned down by another lender.  Well, Neighborhood Mortgage Center may be able to help you live the American Dream - right now!  We suggest a two-step process that provides short-term solutions for short-term problems - enabling people to buy their dream home now and in two or three years, when their circumstances have improved, refinance to the best terms available in the marketplace. 

Remember the old Model “A” Ford – everybody had one and you could have any color you wanted – as long as it was black!  Well, goodbye to the early twentieth century and welcome to the early twenty-first century!

While most borrowers limit their focus to the same old mortgage products familiar to their parents (a kind of “one size fits all” approach), in the marketplace of the twenty-first century there are literally scores of different mortgage programs available – each with it’s own nuances and each with an appropriate use.  To the uninitiated, the modern marketplace for home mortgages may seem intimidating.  Since this is one of the most important legal and financial transactions you will ever face you deserve the reassurance of being helped by more than a telephone operator.  That’s why only seasoned, experienced professionals are allowed to work at Neighborhood Mortgage Center. Whatever your situation is and whatever loan program is right for you, your mortgage professional will help you put together a transaction that will accomplish your goals and that you will feel comfortable with.

To contact Preston Dumas: pdumas@nmcltd.com

Back to Home