Fixed Rate Mortgage
ICM offers a variety of fixed rate programs, including traditional conforming loans, FHA loans*, VA loans* and jumbo programs. A traditional fixed rate mortgage provides you with the security of a steady payment for the life of your loan and is a great option for many home buyers. While most homeowners looking for a fixed rate choose a 30 year fixed mortgage, we also offer shorter terms that can be a great option for borrowers that can afford a higher montly payment and wish to pay off their loan in 20, 15, or even 10 years.
*This product or service as not been approved or endorsed by any governmental agency and this offer is not being made by an agency of the government.
Adjustable Rate Mortgages
An adjustable-rate mortgage (ARM) usually offers a low initial interest rate that can increase after a pre-set period. We offer ARM loans with initial fixed periods for 3, 5, 7, and 10 years. These programs can be great for borrowers that are looking to stay in their property for less than a fixed period (3-10 years) or for experienced homeowners that understand the risks and benefits of an adjustable rate mortgage. Our loan officers can give you the information you need to make an informed decision about choosing a fixed or adjustable rate mortgage.
Construction, Bridge and Renovation Lending
We offer a variety of construction lending solutions including financing for your new construction project, financing for the rehabilitation of your existing residence and financing for the purchase and renovation of a home you want to improve and move into.
If you love your home but not your loan, we can help you. Our mortgage specialists have options that can help you lower your rate and/or your payment* and in some cases allow you to take equity out of your home for debt consolidation, expenses, etc. Give us a call to discuss your options for refinancing your existing mortgage.
*By refinancing your existing loan, your total finance charges may be higher over the life of the loan. Please get in touch with us to discuss if refinancing is right for you.