Programs
Lake Dillon Mortgage Services is pleased to offer many different loan programs through our network of investors. We will obtain a FREDDIE MAC (FHLMC) or a Fannie Mae (FNMA) loan approval to insure the most competitive conventional loan terms available.
Loan Programs:
Fixed Rate Mortgages for 10 to 30 years. Adjustable Rate Mortgages fixed for 2, 3, 5, 7 or 10 years and then adjusting.
Long Term Locks:
Long term locks are available to help cover interest rate questions and uncertainty.
Loan Approval:
A one page "Pre-qualification Form" is used in the initial loan application to keep the process as simple as possible. A Pre-approval Letter is issued immediately to insure contract compliance.
Down Payment Requirements:
Investment Properties as low as 10% down.
Second Homes as low as 10% down.
Primary Homes as low as 3-5% down.
Unique Loans:
- 40-year amortization
- Interest only loans
- Lender paid mortgage insurance
- First position home equity lines of credit