MORTGAGES MADE SIMPLE

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Great Rates, low fees and quick turnarounds.
You’re about to buy a home, or refinance one. Why not go local on your mortgage, too? Meet Dianna Arrington the FMS Bank home loan expert in Longmont, CO, who has been assisting Northern Colorado borrowers since 2012, and has 20 years of real estate experience to build on.

As a Northern Colorado-owned institution, FMS Bank underwrites, processes and makes loan decisions right here. That means we’re especially fast, responsive and competitive.

We offer a full product suite of flexible options and standard VA, FHA and Conventional Loans in addition to construction loans, bridge loans and lines of credit. And you can talk through any concerns or questions about your loan with someone down the street, instead of dialing a remote call center. No wonder our keep-it-local attitude has been a winner with families for 35 years.

We are committed to helping homeowners and home buyers find loan options that fit their needs. Whether you’re a first time homebuyer, purchasing a new home or refinancing we can help you find a solution that is right for you.

The first steps in buying a house is know how much home you can afford. We make it very simple to get prequalified here:
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Purchase Loans 

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Purchase Loans Longmont
If you want to make that first step toward home ownership, there are several ways to finance a home. It may take time to understand the different home loans and which one is right for your financial situation; that’s why it’s important to work with a licensed loan officer and mortgage lender who can walk you through your various options.

There are many programs to help first time home buyers purchase their home. There are up to nine programs and grants to get the financial help and assistance to land your first home. Ask Dianna if you qualify for these first time buyer house loan programs: FHA loan, USDA loan, VA loan, Good Neighbor Next Door, Fannie Mae or Freddie Mac, Energy-efficient Mortgage (EEM), FHA Section 203(k), Native American Direct Loan, Local grants and programs.

Refinance Loan 

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Refinance Loan Longmont
After several years of home ownership you may want to refinance your mortgage loan. Refinancing is done to allow a borrower to obtain a better interest term and rate. For borrowers with a perfect credit history, financing can be a good way to convert a variable loan rate to a fixed and obtain a lower interest rate, plus you may be lowering your payment.  If your credit is less than perfect, refinancing can be risky.

Home Equity

With the housing market and home prices continuing to climb you may find that your home value is greater than what you owe on the mortgage.  You may be able to borrow money using your home as collateral with a home equity loan.  We use the equity in your home to financeexpected or unexpected expenses or projects.

Home Equity Lines of Credit  (HELOCs) provide flexibility by letting you borrow what you need, pay it off and borrow again. It is similar to using a credit card with variable interest rates, which means they could rise or fall over the life of the loan. They often come with low introductory rates and payments; can be cheaper overall than other types of home equity borrowing depending on interest rates and how long you hold the loan, plus instant access to loan funds!

Bridge Loans

It’s a sellers’ market. The housing market is on fire, homes are being purchased within hours on the market. In situations where you must move fast to purchase a new home before selling your current house, a bridge loan may be a perfect option for you. A major benefit to a bridge loan is the fact it allows you to buy a new home without a contingency to sell. These are temporary loans that bridge the gap between the sale price of the new home and a home buyer’s new mortgage, in the event the buyer’s home has not yet sold. These are great loans that allow you to immediately put your home on the market and buy without restrictions.

Reverse Mortgage – Purchase and Refi

A reverse mortgage is a home loan that allows homeowners 62 and older to withdraw some of a home’s equity and convert it into cash. Many retired seniors struggle with finances and this is a great option to supplement their income. Instead of paying a lender a monthly payment, the lender pays you. The amount of money received is based on a sliding scale of life expectancy, the older you are the more you can pull out.  The nice part about the reverse mortgage is no payment penalty for your heirs. They will not be responsible for repaying the loan. Proceeds from the sale of the home can be applied to the loan amount, and heirs will get any equity that’s left over.

Thinking about a reverse mortgage loan?

Contact us today to find out what mortgage loan option is right for you.

Mortgages Made Simple

➢ Credit decisions made locally
➢ Choose from a broad range of mortgage products to suit your needs:
➢ Competitive rates and low fees
➢ Accountable to our clients
➢ One on one service to help with your mortgage needs
➢ Most loans serviced locally
➢ On time closings



 
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Member FDIC - Equal Housing Lender