Mortgage Loans

Mortgage Loans

Mortgage Loans

IN HOUSE LOANS

Highland Federal offers a variety of in-house (loans we keep) mortgage loans. Highland Federal’s in-house loan products often allow us to customize loan arrangements for borrowers and/or properties that don’t necessarily fit the guidelines of the Fanniemae/Freddiemac secondary market. These in-house lending programs offer great flexibility for a multitude of loan situations that strictly secondary market lenders cannot offer, e.g. credit issues, unique properties, job relocations, etc. Loan decisions are made locally, not by an automated system or an underwriter in a distant location.

Another added plus on the in-house loans is that all payments are made directly to us and the loans are not sold to an investor.

Fixed rate and adjustable rate mortgage (ARM) loans are available with our in-house program. We lend on a diversity of property types- single family dwellings, multi-family units, vacant land, manufactured homes, commercial real estate, owner occupied and non-owner occupied property. If it’s anything related to real estate, we’ll look at it.

♦ Return to Top

SECONDARY MARKET LOANS

In addition to Highland Federal’s wide array of In-House Loans, we also offer loans that are sold into the secondary mortgage market. This allows us to offer a full menu of products that can handle all of your home financing needs.

Programs are available for a wide range of borrowers:

First-time homebuyer, with limited cash available for a down payment;

Investors wishing to increase their real estate holdings;

Homeowners in need of cash for debt consolidation, college education or remodeling;

Highland Federal has carefully selected its investors from a field of dozens, focusing on stability, product selection and competitive rates. In addition, our contractual agreements for loan servicing means your loan will not be sold multiple times during its life.

If making your payment locally and dealing with familiar faces is important to you, we also offer secondary market loans that will be serviced by the staff here at Highland Federal.

OUR PRODUCT LIST:

Conforming Fixed Rate

Wide array of terms available

Interest rate fixed for the life of the loan

Available for owner occupied, second homes, rental properties

Loans up to 97% of the purchase price

Stated Income-Stated Asset

Ideal for self employed borrowers with strong credit scores

Minimal documentation required

Fixed rates and ARMs available

PLEASE NOTE: Products and parameters are subject to change

♦ Return to Top