Programs

We know that each customer has specific needs, so here at NMC Mortgage, we strive to meet those specific needs with quality service and individual attention. We pride ourselves in giving you the mortgage information, loan options and convenient assistance you need to make the right financial decision.

With a variety of loan programs and an established network of lenders behind us, we will find the loan that best suits your needs at a very competitive rate. We offer both conforming and non-conforming programs.

Adjustable-rate mortgage (ARM)

A home loan in which the interest rate is changed periodically based on a standard financial index. Most ARMs have caps on how much an interest rate may increase.

Assumable mortgage

A home loan that can be transferred to another borrower

Conventional loan / conventional financing

A mortgage that is not insured or guaranteed by a government agency such as the Federal Home Administration (FHA) or Veterans Administration (VA).

Conventional mortgage

Usually refers to a fixed-rate, 30-year mortgage that is not insured by the FHA, Farmers Home Administration (FmHA) or Veterans Administration.

Fully amortized adjustable rate mortgage

A home loan whose interest rate can change, and whose amount is fully paid at the end of the term.

Home equity conversion mortgage

A special type of mortgage, sometimes called a reverse mortgage, that enables older homeowners to convert the equity in their homes into cash, using a variety of payment options to address their specific financial needs.