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Buying a home is an important step to financial security, and the right mortgage financing can make it a reality. Let Liberty National work to find a program right for you.

With one of the most diverse and extensive product lines in the industry, we have mortgage products to fit a variety of home financing needs. We’ve listed some useful information on the more common loans available. To learn which loan options are best suited for your individual situation, schedule a consultation with one of our Home Mortgage Consultants.

 
1% DOWN PAYMENT PURCHASE!
CONVENTIONAL LOAN
SUPER CONFORMING LOAN
ADJUSTABLE RATE MORTGAGE (ARM)
NON-CONFORMING LOAN (JUMBO LOANS)
VA HOME LOAN PROGRAM
FHA LOAN
HARP 2.0 LOAN (HOME AFFORDABLE REFINANCE PROGRAM)

1% DOWN PAYMENT PURCHASE!
Purchase your home with just 1% down Conventional 1% Down Loan Program Liberty National Lending Group is excited to offer the Conventional 1% Down with Equity Boost loan program •You put down 1%, your lender contributes 2%*, giving you 3% equity at closing •Great low rates •Close in 30 days or less •Conventional 30-year fixed program •Available with no monthly Mortgage Insurance *2% lender contribution may only be applied to down payment there’s no reason to wait. Call today and get the home you’ve always wanted.

Term: 30 years   Maximum Amount: $424,100

CONVENTIONAL LOAN

Conventional loans are mortgage loans offered by non-government sponsored lenders. These loan types include:

  • Fixed Rate Loans
  • Adjustable Rate Loans (ARMs)
  • Combination (Hybrid) Loans
  • Balloon Mortgages and Pledge Asset Loans
  • Jumbo / Construction Loans
  • Reverse Mortgage 


SUPER CONFORMING LOAN

A super conforming mortgage loan is a term coined by Fannie Mae and Freddie Mac for mortgages in certain parts of the country that are more expensive areas to live. Fannie and Freddie have a mortgage limit of $424,100 in most parts of the country, and anything above that figure they will not buy because it is considered a jumbo loan. Because of the appreciation in home values, certain areas can now apply for loans up to $636,100 because of the high cost of homes. 


ADJUSTABLE RATE MORTGAGE (ARM)

This is a type of mortgage loan which allows the borrower to pay a lower interest rate for a set period of time, usually five to seven years, and then once that fixed period is over the interest rate can steadily increases over time. ARMs are good for people who do not plan to live in the home long or who plan to refinance before their fixed term is up. 


NON-CONFORMING LOAN (JUMBO LOANS)

This is a loan that exceeds the conforming loan limit that is set by Fannie Mae. Presently, the loan limit is $417,000. Any loan that is higher than this limit is considered jumbo and usually has a higher interest rate as a result.  See Super Conforming loans for the exceptions.


VA HOME LOAN PROGRAM

This is the part of the VA benefits that include a Home Loan Mortgage Guarantee Program in which veterans can get home loans at low interest rates and with zero down payment and low closing costs. They can also get loans to remodel their home, for energy efficient home improvements, for disability home renovations, and more. Veterans must go through a process to apply for these loans and qualify just like with traditional loans. 


FHA LOAN

A Federal Housing Authority (FHA) loan provides low-cost insured home mortgage loans that suit a variety of purchasing options. Whether you're buying a home or want or refinance your mortgage, FHA home loans might be right for you. Reasons to consider an FHA loan include:

  • You don't have perfect credit
  • You don't have a lot of money to spend on a down payment
  • You're a first-time home buyer


  • HARP 2.0 LOAN (HOME AFFORDABLE REFINANCE PROGRAM)

    If you're not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage.   

    One additional benefit of the HARP 2.0 refinance program is the somewhat relaxed underwriting guidelines. Specifically, the guidelines related to late mortgage payments on your existing loan. Under the new HARP 2.0 program, you can actually have paid your existing mortgage late one time within the last 12 months, as long as the late payment occurred more than six months ago.




    Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $424,100 with closing costs of $8,482. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.