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ProgramsSpecial
Programs
Gershman Mortgage offers a wide variety of special programs.
Our loan officers will help you find the best loan for your
situation. These programs include no money down, low documentation,
jumbo loans, and other flexible options. Ask your Gershman
Mortgage loan officer about additional options for first time
buyers, teachers, firefighters, and more.
Examples include:
Jumbo Loans
With loan amounts from $417,000 to $2 million and up to 95%
loan to value (maximum loan to value is based on loan size),
these loans are perfect for borrowers looking for larger loan
amounts.
Flex 97
With only 3% down required, gifts and unsecured loans accepted,
and minimal mortgage insurance costs, this program provides
true flexibility and purchasing power.
Low Documentation
Loans
Gershman Mortgage offers a variety of
low documentation loans for both conforming and non-conforming
mortgages. These programs reduce the amount of paperwork,
saving borrowers time and effort.
Interest Only Programs
Allows buyers to pay interest only payments for a set period
early in the term while fully amortizing the loan later in
the term. These are available on fixed and adjustable rate
mortgages (ARMs).
FHA & VA Hybrid ARM
FHA and VA’s new Hybrid ARMs are now available through Gershman
Mortgage. These are offered in addition to 30-year fixed-rate
loans. The 3/1 and 5/1 ARM, offer an initial interest rate that is fixed for a
period of three years. Annual adjustments, made based on the
1-Year Treasury Yield, are limited to annual and lifetime caps. Available for Purchase, Cash Out Refinance, and
Streamline mortgages.
A Gershman Mortgage loan officer can help find the best mortgage for you. Call today, 1-800-GERSHMAN.
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