Primary location
1234 Central AveHot Springs, AR 71901
carmen.george@usbank.com
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Primary location
1234 Central AveSocial platforms
501-321-5056
501-206-1209
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The mortgage rates shown below assume a few basic things, including:
Rates are current as of .
See rates for other states.
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10-year fixed |
Term | Rate | APR | Monthly Payment | Points |
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7/6 mo |
Term | Rate | APR | Monthly Payment | Points |
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10/1 Jumbo | ||||
7/1 Jumbo | ||||
5/1 Jumbo |
Term | Rate | APR | Monthly Payment | Points |
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30-year fixed - FHA |
Term | Rate | APR | Monthly Payment | Points |
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30-year fixed - VA |
Term | Rate | APR | Monthly Payment | Points |
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30-year fixed - jumbo | ||||
20-year fixed - jumbo | ||||
15-year fixed - jumbo |
Mortgage Loan Officer
NMLS# 1848176
501-321-5056
501-321-5056
501-206-1209
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
ApplyUse our mortgage calculator to help you better understand your home financing options.
Mortgage Loan Officer
NMLS# 1848176
501-321-5056
501-321-5056
501-206-1209
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
ApplyMortgage Loan Officer
NMLS# 1848176
501-321-5056
501-321-5056
501-206-1209
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
ApplyGet answers to your questions regarding home financing, refinancing and more.
A fixed-rate loan is one of the most common types of home loans. Benefits include a consistent rate, predictable monthly principal and interest payments and a flexible down payment. If you meet the U.S. Bank credit score and debt-to-income ratio (the ratio of total monthly debt payments – not including utilities, cell phone or cable service – compared to gross monthly income) requirements, a conventional fixed-rate loan may be a good option for you.
A fixed-rate loan is a type of loan that comes with an interest rate that won't change for the life of the loan. Check out today’s rates for a conventional fixed-rate loan or compare mortgage rates for a variety of loan options. Connect with your mortgage loan officer to learn more about how fixed-rate loans work.
Monthly principal and interest payments on a conventional fixed-rate mortgage remain the same for the life of the loan, making it an attractive option for those who plan to stay in their home for several years. With an adjustable-rate mortgage (ARM) the interest rate may change periodically, based on a pre-determined index – for example, the U.S. Treasury – and margin set by the bank. The initial interest rate is fixed for a set period of five, seven or 10 years depending on the loan product, and then becomes variable. An increase or decrease depends on the market conditions at the time of the conversion to the variable rate and during the adjustment period thereafter. This may be a good option for those who plan on moving within a few years. Consider the benefits of each to determine which makes the most sense for your situation.
Depending on your home-ownership goals, there are several options for first-time home buyer loans. Some examples include Federal Housing Administration (FHA), Veterans Affairs (VA) and United States Department of Agriculture (USDA) loans, which allow for low to no-down payments for qualified buyers. Conventional loans are another option, and you could qualify with a credit score as low as 620 but you’ll need a more substantial down payment (up to 20% depending on your situation). It’s important to consider the benefits of different loan options before deciding which one is right for you.
To qualify for mortgage loans that are best suited for first-time home buyers, there are general requirements that can include:
Your mortgage loan officer can work with you to see if you qualify for any first-time home buyer loans.
If you have not owned a home in the last three years, you may be eligible to apply for a first-time home buyer loan and down payment assistance. The requirements for each loan type vary, but they typically are based on your credit score and down payment amount. Contact your mortgage loan officer to see if you qualify.
Mobile homes, which are now known as manufactured homes, are an affordable option for home buyers. These homes are factory-built, transported in one or more sections and installed on site. Although the terms are often used interchangeably, there is a difference. If the home was built before June 15, 1976, it’s considered a mobile home, and if it was built after that date, it’s considered a manufactured home. Manufactured homes must meet the safety standards put into place by the U.S. Department of Housing and Urban Development (HUD).
Once you determine the features of the mobile (or manufactured) home that you want to buy and where you’re going to put it, work with your mortgage loan officer to determine which financing option is right for you. Mobile homes built before 1976 may not qualify for mortgage financing, but there are other options. Manufactured homes have several financing options, depending on your qualifications. Your mortgage loan officer can help you determine what makes the most sense for your situation.
The type of financing available depends on the construction of the home. Manufactured homes – which must meet certain safety standards compared to mobile homes and are generally attached to a permanent foundation – have more financing options. Examples include Federal Housing Administration (FHA) loans, conventional loans , United States Department of Agriculture (USDA) loans and Veterans Affairs (VA) loans.
AFederal Housing Administration (FHA) loanis a government-backed loan that’s insured by the Federal Housing Administration. FHA loans typically have lower credit and down payment requirements for qualified home buyers. For example, the minimum required down payment for an FHA loan is only 3.5% of the purchase price.
If you’ve decided aFederal Housing Administration (FHA) loanmay be right for you and you meet the established guidelines, including, but not limited to:
You canstart your applicationon your own, or with the help of your mortgage loan officer, who can work with you to see if you qualify for a FHA loan.
Federal Housing Administration (FHA) loansare available to all qualified buyers, regardless of income level. They often have more flexible lending requirements than conventional loans. All FHA loans require mortgage insurance which protects the lender against any loss if mortgage payments are missed. To learn more about how FHA loans work, speak with your mortgage loan officer.
Before buying a condominium, you may want to familiarize yourself with the homeowners’ association and review any condo documents carefully. The process of buying a condo is slightly different from buying a house. While there are similarities, condominium properties typically require an additional approval process to make sure they meet certain standards, including an evaluation of the financial and governance strength of the condo community or building you’re considering. To learn more about how to buy a condo, contact your mortgage loan officer.
Buying a condo can be a great option for first-time home buyers, investors and anyone looking to downsize. Benefits of condo living may include less maintenance and access to on-site amenities like a fitness center or pool. When deciding whether to buy a condo, weigh the pros and cons carefully to determine if it will meet your goals.
There are several things to consider when deciding whether to buy a condo as an investment, such as your financial situation, the location and how well the condo association is managed. If you purchase a condo that’s been well maintained, you may be able to generate a decent return.
Mortgage Loan Officer
NMLS# 1848176
501-321-5056
501-321-5056
501-206-1209
Connect when it's convenient for you. Request a call.
Ready to apply? Start your application.
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