At Crescent, we offer a range of mortgage programs, all at competitive rates and with the added benefit of personal service. What’s more, we offer you the advantage of decisions that are made locally and loan servicing that stays right at Crescent. Whether you’re a first-time buyer or already own a home and are looking for the best option to use the equity, we can help.
Fixed Rate Mortgages
Our fixed-rate mortgages allow you to budget your monthly payments with competitive rates and terms to suit your needs. We offer loan-to-values up to 100%, and you can get a mortgage with low closing costs.
Adjustable Rate Mortgages (ARMs)
Our ARMs let you start with an attractive rate, a choice of terms, periodic adjustments of no more than 2%, and a 6% lifetime cap. ARMs are a great alternative for a starter home or if you’re on a tight budget. ARMs are also attractive if you are not planning on staying in the same home for a long period. You can chose from:
1 Year ARMs
3 Year ARMs
3/1 ARMs
5/1 ARMs
Jumbo Mortgages
If your mortgage needs exceed conforming limits we can help you keep your costs down with our jumbo mortgages.
First Time Homebuyer Loans
We offer first-time homebuyers a choice of programs with no money down, reduced costs, and flexible underwriting terms.
Construction Loans
Thinking about building your own home? Ask about our one-closing, fixed- or adjustable-rate construction loan with terms to fit your budget. Take up to twelve months to build, and then move right in with no additional closing costs.
Refinances
Whether your original mortgage is with us or with another financial institution, we can provide you with refinancing options that will lower your monthly payment, shorten your term, or both. A cash-out refinance can also provide you with the cash you need for home improvements, educational expenses or any other need.
Pre-Approvals
By getting a pre-approval you’ll know how much money you may be eligible to borrow. Once you go through the pre-approval process we’ll give you a letter that you can use with realtors. The letter is not binding because it is subject to other conditions such as an appraisal of the property, but it puts you in the driver’s seat because it lets the realtor know you’re a qualified buyer.
Home Equity Financing
Crescent has two practical ways to help you put the equity in your home to work with our Home Equity Line of Credit and Home Equity Loan. There are no application fees, points, closing costs, or annual fees. And the interest you pay on home equity lines and loans may be tax deductible (please consult with your tax advisor). Applying is easy either online, by phone, by calling a mortgage originator or at any branch.
Home Equity Line of Credit
Establish a credit line up to 75% of the equity in your home and use it as you need it simply by writing a check. Your Home Equity Line costs nothing until you use it. You have the option of products – one with a fixed rate of interest or another where the interest rate adjusts periodically.
Home Equity Loan
If you know how much money you’ll need to borrow than you may want to consider a Home Equity Loan. This product lets you borrow a fixed amount and make regular payments for terms up to 25 years.
Originators
Our expert Originators can answer all your mortgage questions. They can come to your home or business to discuss options and help you with an application. Call or email the individual closest to your area.
Important Mortgage Disclosures:
Please click on the following to read important disclosures concerning your mortgage program. You will need Adobe Acrobat to view these disclosures. |
