| Millenium Home Mortgage in VT offers a wide
variety of home loans. Conventional or Conforming loans are
called this because the loan amount 'conform' to the maximum loan amounts
which may be purchased in the secondary market. The buyer of these loans is
the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal
Home Loan Mortgage Corp. (FHLMC, or Freddie Mac).
Every year, new loan limits are announced for one to four family home loans
which may be purchased by Fannie Mae or Freddie Mac. The limits are announced in December
for the coming year.
What does this mean to a consumer in Vermont ?
These are the loan programs which are advertised on radio, television,
newspaper, and the internet. Most Home Mortgages in VT fall in this category.
What type of Vermont home loans are available ?
Fixed rate mortgages: 30,25,20 and 15 years. Adjustable rate
mortgages : 1,3,5, and 7 years. Also Interest Only Mortgages and
COFI the 11th District Cost of Funds Index.
New Loan programs every Day!
Ask about our Internet Specials
Conventional Home Loans in VT for a refinance, cash
out, debt consolidation, bad
credit, college
education and more!
Related Links:
Fannie Mae Site - The latest news
for Fannie Mae
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Vermont Mortgages for purchasing your dream home.
Apply Online -Save Time
Jumbos are mortgages with loan amounts
which exceed the current FNMA/FHLMC limit. Jumbo loans go to 1 Million Dollars
and Super Jumbo loans are above 1 Million Dollars.
How
can you use these programs ?
Debt Consolidation or Refinance in VT : Refinance mortgages
to take cash out for home improvements, or college education. Debt Consolidation
home loan for credit card, auto loans, and medical bills.
New Purchase or be Prequalified : If you have a purchase contract
we could work up many financing programs based on your needs. Do you want
to know how much home you can afford before you shop. It takes a simple phone
call for a free mortgage prequalification.
There are many types of Fannie Mae and Freddie Mac home loans. This is
why one simple rate sheet could not answer all your needs for Vermont
Mortgage Rates.
Call Today!
Toll Free 1-877-725-4123
Speak to a Mortgage Professional
Too busy, fill out our
"Quick Form" and we will contact you
at a convenient time!
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