Rushmore Mortgage Programs

Rushmore Mortgage offers a variety of loan programs to meet your needs. We work with the leading national lenders to provide financing options for nearly every borrower, every property, and every credit history situation. Below are a few samples of the types of programs we have available.

FIXED RATE MORTGAGES (FRM)

1. Record-low fixed rates
2. 10, 15, 20, 30, 40 and 50 year terms
3. Up to 125% financing
4. Sub-prime programs for credit history issues

ADJUSTABLE RATE MORTGAGES (ARM)

1. Super-low introductory rates
2. Introductory rate fixed for 1, 3, 5, 7 or 10 years
3. Payments typically based on 30 year payoff

COMBO LOANS

1. First and second mortgage combinations for up to 100% financing
2. No Private Mortgage Insurance (PMI)
3. First mortgage up to 80% of total loan amount
4. Second mortgage at slightly higher rate for 5, 10, 15, 20% or more of the total amount

NO INCOME VERIFICATION PROGRAMS (NIV)

1. Employment, income, and assets are stated
2. Income is not verified
3. Employment and assets are verified
4. Self-employed borrowers welcome
5. A slightly higher rate applies

NO RATIO PROGRAMS (N/R)

1. Employment and assets are stated
2. Income is not stated or verified
3. Employment and assets are verified
4. Self-employed borrowers welcome
5. A slightly higher rate applies

STATED INCOME / STATED ASSET LOANS (SISA)

1. Employment, income, and assets are stated
2. Income and assets are not verified
3. Employment is verified
4. Self-employed borrowers welcome
5. A slightly higher rate applies

NO INCOME / NO ASSET PROGRAMS (NINA)

1. Employment, income, and assets are NOT stated
2. Employment, income, and assets are NOT verified
3. Self-employed borrowers welcome
4. A slightly higher rate applies

CONSTRUCTION LOANS

Short-term loans for the construction of a new home. Provides funds to contractors as work progresses. Converted to permanent financing upon completion of home.

THE LIST GOES ON...

1. The above programs are just a sample of what we offer.
2. To find the best program for your particular needs, please give us a call or stop by our office any time!