There’s a mortgage product to meet almost any need

Adjustable Rate Mortgage Get a low fixed interest rate and lower monthly payments for the first 5, 7 or 10 years.
FHA Loan You may qualify for an FHA loan with a lower credit score than other loans, and a down payment as low as 3.5%.
30-Year Fixed Mortgage Monthly payments spread over 30 years with a stable fixed rate are lower compared to loans with shorter terms.
VA Loan Qualified veterans, service members and spouses can finance up to 100% of their loan and pay less at closing.
15-Year Fixed Mortgage You pay less interest when monthly payments are spread over 15 years because you pay off your loan faster.
Jumbo Loans When you need a big loan – from $453,100 to $3,000,000 – you can save with a small interest rate.
FHA Streamline Already have an FHA loan and want a lower interest rate? An FHA Streamline refinance requires fewer steps and documents.
Reverse Mortgage For homeowners over age 62 who want to use the equity in their home to meet their financial goals.

From first-time buyer programs to reverse mortgages, Prosperity Lending Corp. offer products that allow borrowers to:

  • Buy property with a low (or no) down payment
  • Build a house
  • Exchange home equity for cash
  • Purchase rental housing
  • Refinance to a better interest rate
  • Supplement monthly income
  • Renovate their residences

Types of mortgage programs

Consumers should discuss their options with mortgage lenders to come up with the program that best meets their needs. Home mortgages can be classified in several ways:

  • Fixed rate or adjustable rate
  • Traditional or reverse
  • Conforming or Jumbo loan amount adjustable rate
  • Construction or permanent
  • Government or Conventional
  • First or second mortgage
  • Purchase or Refinance
  • Prime or sub-prime