Elite Financing Group | Mortgage Lender | Austin | Texas
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Whatever your situation, we have solutions.

Loan Programs



Fixed Rate Mortgages (FRM)

The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.

Adjustable Rate Mortgages (ARM)

Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.

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

Hybrid ARM mortgages combine features of both fixed-rate and adjustable rate mortgages and are also known as fixed-period ARMs.

FHA Loans

FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

VA Loans

VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.

Non Traditional Programs

Programs include, but are not limited to, ITIN Loans, Bank Statement Loans, Asset-Based Loans, No Income Investment Property Loans, and many more. 

Interest Only Mortgages

Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specified period of time.

Components of an ARM

Prior to choosing a home loan, you should know the advantages and risks of adjustable-rate mortgages to make an informed, prudent decision.

Commonly Used Indexes for ARMs

This article includes a list of the most commonly used indexes by ARM lenders that affect ARM mortgage rates.

Reverse Mortgages

Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home.
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What kind of loan program is best for you?

Should you get a fixed-rate or adjustable rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer.

ELITE FINANCING GROUP
301 dENALI pASS uNIT #1
CEDAR PARK TEXAS 78613
NMLS 212369 - cEDAR pARK

ELITE FINANCING GROUP
814 W NORTH LOOP UNIT B
AUSTIN TEXAS 78756
NMLS 2377386 - AUSTIN
ELITE FINANCING GROUP
4819 SH 121 STE # 13
THE COLONY, TEXAS 75056
NMLS 1830193 - THE COLONY

Hours

M-F: 9am - 5pm

Telephone                              

(512) 279-0505       
​(866) 690-7063                       

Fax

512-233-2474

Email

[email protected]
Photo used under Creative Commons from Lucas Hayas
  • Home
  • About Us
  • Our Team
  • Loan Programs
  • Contact
  • Get a Quote
  • Join our Elite Team
  • Mortgage Calculator
  • Disclosure
  • Blog
  • Elite Team Fun