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LOANS

Adjustable Rate Mortgages & Home Loans

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Mortgages and home loans aren’t a one-size-fits-all type of financing.

We want to find an option for you that can lower your upfront costs, let you borrow a higher percent of the value of your home, and offer more flexible terms and approval than standard conventional loans.

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Your 1st Mortgage

This Mortgage is the perfect option for the first time home buyer. The unique features of this loan are:

  • Borrow up to 95% of the home’s value with no mortgage insurance added to your payment.
  • Available for the purchase or refinance of your primary residence only
  • Available for mortgage amounts $50,000 to $200,000
  • Gift funds may be part of the down payment on your new home purchase.
  • Your low rate will be fixed for the first 10 years of your loan
  • No cash-out allowed

Home Purchase Bridge Loan

This loan is a Home Equity Loan that is offered with your choice of a Genisys mortgage.

  • Allows you to close on a new home prior to the sale of a current home
  • Gives you 6 months to sell your home
  • Use 90% of your equity towards your new purchase
  • Low rates and fees. Rates are set at 0.50% above our Home Equity Line of Credit rate.
  • Quick processing. Apply using our Home Equity Application.

SPECIAL 7/1 Adjustable Rate Mortgage (ARM)

A great choice for a purchase or refinance of your home. Borrow up to the following loan-to-value limits:

  • No cash out refinance or purchase – borrow up to 90% of your home’s value with no mortgage insurance
  • Cash out refinance or jumbo loans – borrow up to 80% of your home’s value
  • Available for mortgage amounts up to $500,000
  • The low initial rate will be fixed for the first 7 years of your loan and may adjust within limits annually after the initial period.

SPECIAL 5/5 Adjustable Rate Mortgage (ARM)

Available for purchases or home refinance. Borrow up to the following loan-to-value limits:

  • No cash out refinance or purchase – borrow up to 90% of your home’s value with no mortgage insurance
  • Cash out refinance or jumbo loans – borrow up to 80% of your home’s value
  • Available for mortgage amounts up to $500,000
  • Your low initial rate will be fixed for the first 5 years of your loan and may adjust every 5 years

No Closing Cost Options

The best mortgage program is one with no points and no closing costs.

Our No Closing Cost Fixed-Rate mortgages* allow you to keep your interest rate low, or stabilize it, with absolutely no points and no closing costs rolled into the loan. (Escrows, i.e. taxes and insurance, are excluded.) We pay for the appraisal, title insurance, recording... everything.

You don't lose any equity! Available on all fixed-rate programs.

*No Closing Cost loans are subject to terms and conditions of the Genisys Application Fee Agreement, which lists the specific costs and fees the borrower will not pay. An application fee may be required after a loan application is submitted, which will be refunded (credited) at closing. Borrower is responsible for paying all fees and charges imposed by an existing third party lender (for example, payoff demand statement fee and/or a reconveyance fee) as well as any prepayment penalty imposed by any third party lender. Loans with lower nominal interest rates may be available to borrower willing to pay points and fees.

Payment of closing costs will be reflected as a credit on the final closing statement. The following closing costs are excluded: 1) transfer tax; 2) initial escrow account deposit; 3) daily interest; 4) homeowner’s insurance; 5) outstanding property taxes; 6) other liens recorded against the property. Standard loan qualifying guidelines apply.

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