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Loan Types

OUR LOAN PROGRAMS


Not all loan programs are the same.
At Catalyst Lending, we are committed to helping you find the loan that is right for you.
Contact one of our friendly Loan Originators to get started today.

Fixed-Rate Mortgage

Peace of mind; interest rate and payment do not change for the life of the loan, which can be for 15, 20, 25 or 30 years

Reverse Mortgage

For borrowers at 62+ years old, pays off any loan on the property and may allow cash back. There are no payments on the loan; rather the interest owed is added to the loan balance. The loan is paid off when the home is no longer occupied by the borrower.

Adjustable-Rate Mortgage (ARM)

Interest rate changes after set period, and changes at predefined time frames after initial rate change.

Hybrid ARM (3/1, 5/1, 7/1 and 10/1)

Interest rate is fixed for a set length of time, then adjusts every year thereafter. The initial fixed rate period is generally at a lower rate than a fixed rate 30 year loan

FHA

Designed for a borrower with minimal down payment and allows lower credit scores than that required for Conforming loans; also offers a ‘streamline refinance’ of an existing FHA loan with minimal documentation requirements

HARP

Specialized refinance program for borrowers whose current loan is owned by Fannie Mae or Freddie Mac. Designed for those homeowners that have a home that has dropped in value. Provides simplified documentation and usually no appraisal is required.

VA

Specifically reserved for our citizens who served in the military, offers a purchase transaction without a down payment; also offers an Interest Rate Reduction Refinance of an existing VA loan with minimal documentation requirements.

USDA

30 year fixed rate loan with no down payment for borrowers buying homes in designated rural areas; geographic, loan size and income restrictions apply

Jumbo

For loan amounts that exceed programs available through FNMA/FHLMC.

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