Sybil Johnston, American Equity Mortgage

Building lasting relationships with realtors and borrowers by providing great rates and exceptional customer service. I act with integrity in everything I do. http://sybil.johnston.americanequity.com

Specialize in Purchase Money Loans

Conforming Loan: A loan that conforms to guidelines set by Fannie Mae or Freddie Mac. The current loan limit in most places is $417,000 for a Primary Residence, Second Home or Investment property. Qualified borrowers can put as little as 3% down payment for a primary residence (with mortgage insurance), 10% down payment for a second home (with mortgage insurance) and 20% down payment for an investment property.

FHA Loan: A loan insured by the Federal Housing Administration. An FHA Loan is usually available at an attractive lower rate and 3.5% down payment. It is open to all qualified borrowers for a primary residence only.

VA Loan: A long term, low-or-no down payment loan guaranteed by the Department of Veterans Affairs. Restricted to individuals qualified by military service or other entitlements.

HomePath Loan: Special financing available only on Fannie Mae owned homes. Low down payment and flexible mortgage terms for Primary Residence, Second Home or Investment Property.

USDA Loan: A USDA loan is a government insured loan that requires no money down. These loans are only offered in designated areas.

Jumbo Loan: A loan which is larger than the limits ($417,000) set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.

Adjustable Rate Mortgage (ARM):A mortgage in which the interest rate is adjusted periodically based on a pre-selected index. This often has lower monthly payments and it also has a ceiling above which payments cannot go.

Great LOW Rates...We Can Close in less than 30 Days!!!