New 30 yr 7/1 LIBOR  3.25%APR...call for details 

 Over 20 years experience.

Join the thousands who have made the

The Worthington

Team

their Lender of Choice.

Direct Mortgage Lender

Local Underwriting

Streamline refinances

 

 

 

TMM and New South Mortgage, the Worthington's special Mortgage Team, offers a variety of loan programs to meet your needs.

 

Fixed rate, fixed term, Conventional mortgage loans, 10, 15, 20, 25, 30 years.    Max. Loan $417,000.  Rate and term never change for the life of loan

 

Adjustable Rate Mortgages, 5/1, 7/1 Libor  Initial rate is fixed for either 5 or 7 years, based on a 30 yr amortization. After the initial fixed period, rate adjusts annually up or down, based on the Libor index plus a margin. Has max adjustable caps.   

FHA and VA insured Mortgages. Max loan varies depending on the Metro Statistical Area (MSA) where the property is located.

 

Construction Loans- We provide the permanent take out and one of our select bank partners provides the interim construction financing. Call us before you start!

Home Equity Conversion Mortgage (HECM) commonly referred to as a Reverse Mortgage. Available to seniors over the age of 62. Insured by  FHA. Extinguish your current mortgage to eliminate any current house payments.

Proceeds can be used to

1-  Purchase a new home

2-  Provide a monthly, tax-free, income

3- Line of Credit for emergencies and home improvements

4- Lump sum payment

5- Combination of any of the above

Minimal income and credit documentation

Details tailored to the individual need upon request.

 

JUMBO Mortgages.....for loans greater than $417,000...Call for details but YES, we have them.

 

Condos....whether a second home, rental, or for the college bound student......

 

  

 


 


Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.