Loans and Programs

Looking for a loan today? Consider the following Prosperity Advantages....

  • 5 & 5 Advantage (5/5 ARM):
    • Fixed Interest Rate for the first 5 years of the loan.
    • Interest Rate may adjust only once each 5 year period.
    • 5% lifetime cap above start rate over the life of the loan.
    • For more information, click here.

  • Prosperity Buyer Advantage:
    • If you are buying a home and want your home purchase offer to stand out to sellers, ask for the Prosperity Buyer AdvantageTM
    • By electing to participate, you can get much of the home financing process out of the way and obtain a fully-underwritten Commitment Letter before you even begin searching for a home. Plus it is NO COST to you and a must have in today's competitive real estate market
    • For more information, click here.

  • FHA and VA Mortgage Programs:
    • Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) loans are popular homebuyer choices, but are also available if you're refinancing your mortgage.
    • Streamlined refinances
    • For more information, click here.

  • Fixed-Rate and Adjustable-Rate Mortgages:
    • Two of the most popular loan types for buying a home or refinancing your mortgage (including cash-out refinances).
    • Both options are available for conventional conforming loan amounts, jumbo (non-conforming) loan amounts, and FHA or VA programs.
    • For more information, click here.

  • Home Equity Lines of Credit:
    • Home equity can be a valuable financial resource when you need assistance with a down payment as a home buyer and also when you need access to funds as a future homeowner. The Prosperity 80/10/10 simultaneous closing Equity Option can provide both.
    • 80% Loan-to-Value (LTV) — First mortgage loan in the amount of 80% of the home’s value
    • 10% Home Equity Line of Credit (HELOC) — A simultaneous second mortgage program in the amount of 10% of the home’s value
    • 10% Down Payment — Borrower is responsible for a 10% down payment base on the home’s sale price
    • For more information, click here.

  • Jumbo Loan:
    • A jumbo, or non-conforming, loan provides financing for loan amounts higher than the maximum conforming limits set by Fannie Mae and Freddie Mac. It may be a good choice if you have a higher property value and can manage larger monthly mortgage payments. Jumbo loans are available for purchase and refinance loans (including cash-out refinances).
    • A "non-conforming" loan with mortgage amounts above the maximum conforming limits.
    • Available in a variety of fixed-rate and adjustable-rate loan options.
    • For more information, click here.

  • Renovation Loans:
    • Our renovation loans may help you finance a home and cover the cost of improvements ranging from basic repairs or upgrades to more expensive additions or rebuilding.
    • Qualified customers can buy or refinance a home, plus finance needed improvements or repairs — all in one convenient transaction.
    • For more information, click here.

  • Two Step Advantage (15/15 ARM):
    • Combines the low rate of an ARM with the stability of a fixed rate mortgage.
    • 30 year amortization with only ONE rate adjustment at the beginning of year 16; so it is fixed in two 15 year intervals, hence the name "Two Step".
    • This mortgage is ideal if:
      • You are considering a 15 year loan term but are concerned about the higher payments.
      • You want the lower payments offered by an ARM but are concerned about the risks associated with an adjustable rate mortgage.
      • You are planning to move again in the next 15 years.
    • For more information, click here.