Home Purchase and Refinance Loans - Residential Home Funding

	Home \| About Us \| Contact Us
	need help? (845) 454-6088

loan amount
Rate	Points	APR	Payment
Conforming 30 Year Fixed
4.375%	0.126	4.444%	$0
Conforming FHA 30 Year Fixed
4.750%	-0.882	4.733%	$0
Conforming VA 30 Year Fixed
4.875%	-0.882	4.858%	$0
Conforming 15 Year Fixed
4.000%	-0.344	4.050%	$0

More of Today's Rates

First Name
Last Name
Email
Phone
Loan Amount

Pricing Guarantee

You helped my husband and I get financing for our first home. We may have stalked you during the entire process, but never not once did you make us feel that we were overwhelming. You answered questions twice, and almost held our hands the whole way! Since then you have helped us re-finance and I don't even think to go to anyone else to ask questions about financing our home. We trust you with our financial lives!

—Andrea P..
more testimonials >

In The News...
This afternoon at 2:00pm ET the Federal Reserve will release its Beige Book, which is a gathering of "anecdotal information on current economic conditions" by each Federal Reserve Bank in their district.

President Obama is set to speak from Ohio...

More>>>

Mortgage Types

Fixed Rate Mortgage
Fixed rate mortgages are probably the most common type of mortgage. "Fixed rate" refers to the fact that the interest rate is agreed upon at initiation of the loan and never changes over the life of the loan. This also means that the principal and interest payment is fixed and will not change over the life of the loan.

Adjustable Rate Mortgage (ARM)
Adjustable rate mortgages do just that: adjust their rate. Simply put, a loan that starts with an initial rate of 5% may be 7% the next year and 9% the 3rd year. Does my payment change? In most cases, yes. When interest rates change, payments are re-calculated on the remaining principal balance for the remaining term at the new interest rate.

Shorter Term Fixed Loan (Hybrid ARM)
A short term fixed mortgage refers to a mortgage which has a set interest rate and set payments based on an amortization of 30 years, however, the loan converts to an adjustable loan after a period of 3, 5, 7 or 10 years depending on the program you decide on. This loan is an attractive option for someone who anticipates selling or refinancing their home during the fixed rate period of the loan. What happens if I don't move or sell? Make sure the loan contains no prepayment penalty, that way you can refinance if and when rates drop.

Mortgage Programs
CONVENTIONAL MORTGAGE - Conventional loans originated in the 1930's after the Depression and are the benchmark of all other loan types. This loan has several traits:

Set Monthly Payments - The periodic payment never changes.
Set Interest Rate - The interest rate never changes.
Set Loan Term - Typically 15 or 30 years.
Self Amortization - The loan is paid off at the end of the specified term.

FHA (Federal Housing Administration)
FHA loans are insured by HUD. This added security allows lenders to offer FHA loans to people that would not otherwise qualify for financing. Some of the benefits to FHA loans include:

Lower down payment - FHA loans only require a 3.5% down payment
Competetive rates - rates on FHA loans are often even lower than conventional loans
More tolerable credit guidelines
Lower monthly mortgage insurance rates than conventional loans

VA (Veterans Administration)
This type of loan is also government backed and is available only to Veterans. Some of the features are:

No down payment required
Low interest rates

A VA loan has an up front requirement of a funding fee (FF). This funding fee is a one-time charge which can be rolled into the mortgage amount.

USDA Rural Housing
USDA loans are guaranteed by the government, and are available in rural areas to those meeting certain income restrictions. Benfits include:

100% financing - no down payment required
No monthly mortgage insurance (PMI)
Unlimited seller's comcession - seller can pay all closing costs
Low, fixed rates

Account login

Residential Home Funding - Site Map

Homebuying Center

Mortgage and lending information for purchase and home buying loans.

Refinance Center

Mortgage and lending information for refinance loans.

Learning Center

Mortgage, lending, and credit information.

Less Than Perfect Credit

Learn how credit scoring works and how you can improve your credit score.

Financial Calculators

Financial, mortgage and lending calculators.

Today's Rates

Mortgage Rates -

Construction Loans

Commercial loans programs and information.

Relocation Loans

Relocation loan programs and information.

Loan Agents

The best loan agents.

Staff

Our Staff Members.

Realtors

Our favorite real estate agents.

Cities we serve

lagrangeville, poughkeepsie, hopewell junction, fishkill, wappingers falls, pawling, carmel, pleasant valley, hyde park, unionvale, poughquag, millbrook, kingston, newburgh, beacon, brewster, kent, mahopac, somers, bedford hills, mount kisco, briarcliff, chappaqua, pleasantville, thornwood, newpaltz, middletown, goshen, highland, warwick, danbury, rhinebeck, redhook, nanuet, tarrytown, armonk, airmont, spring valley, rye, white plains, port chester, greenwich, new city, patterson, beekman

Mortgage web site design powered by MorSystems. Get your own mortgage website at MorSystems.com. Free trials for all mortgage websites.