Freddie Mac Safety Harbor

Looking to buy a new home? Freddie Mac has several home mortgage options.

Affordable Merit Rate Mortgages

This is an incentive based mortgage that can reward a borrower for their on time payments over a designated period of time. When 24 payments are made consecutively on time the borrower may qualify for a onetime deduction in their interest rate.

A-minus Purchase Mortgages

A – minus mortgages allows the borrower to have a variety of flexible options. These mortgages can provide a means of homeownership to those who have had credit challenges, complex financial situations and low down payments. A – minus can help to assure the borrower gets a home that they can afford for the years to come.

Balloon/Reset Mortgages (5 and 7years)

Balloon mortgages give the borrower the option of having low monthly payments for a lengthy period. Borrowers will have the option at the end of the period to reset the mortgage or pay the balloon payment. These plans are good for someone looking to have low monthly payments or someone who does not plan to stay in the home longer than the five or seven year term.

CMT-indexed ARMs

Expand your opportunities b providing these flexible mortgage ARM’s. These CMT indexed arms supply a variety of rates and cap structures that can be worker to fit well with the borrowers needs.

Financed Permanent Buydown Mortgages

A smart borrower will be on the lookout for new ways to make their home investment easier and more productive. The financed permenant buydown mortgage will allow the borrower to make lower monthly payments without having to put in more cash at closing time. This mortgage plan allows for a permanent reduction in the interest rate on the mortgage.

Initial Interest ARMs

Initial Interest ARM’s are a mortgage solution not fitted to all borrowers but a financial tool for those who it does fit. These ARM’s allow for the borrower to pay on only the monthly interest for a time and then the remainder of principal at a later time.

Initial Interest Fixed-rate Mortgages

These mortgages feature interest only monthly payments for greater periods of time than typical mortgages of their kind. Initial Interest fixed rate mortgages offer as much as fifteen years of interest only payments. For qualified candidates this offers more financial flexibility.

LIBOR-indexed ARMs

Libor – indexed ARM’s is a product designed to be competitive in a market that may not often offer convertible and non – convertible options. This ARM will allow your borrower to lower the initial rates on their mortgage.

Manufactured Homes

Mortgages designed to allow a borrower to purchase a manufactured home provides more low priced options for a potential homebuyer. Access the potential in manufactured homes and extend your clientele basis even further.

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