LOAN PROGRAMS

It used to be there were only a few loan programs available – 20% down on a 15-year or 30-year loan with either a fixed or adjustable interest rate – and not very many people qualified. Today there are literally hundreds of different types of loan programs available and virtually anyone can obtain financing for a home.

As a broker, Perennial Mortgage is registered with dozens of lenders so we can find the best program, the best terms and the best interest rate for you.

Conventional & Non-Conforming Mortgages

Conforming (Fannie Mae/Freddie Mac) Loans (up to $417,000)
Non-conforming loans above $417,000
Non-Owner Occupied Financing to 80%
Fixed Rates, Adjustable Rates, and Balloons
Delayed Adjustable Rates (fixed for the first 3, 5 or 7 years before adjusting)
Community Homebuyer Programs

VA Loans (100% financing)

FHA Loans

Loan amounts up to $270,050 in Bernalillo County
First-time Homebuyer Programs
Mortgage Finance Authority
3.5% Down Payment

Jumbo Loans (>$417,000)