Chambersburg, PA: Homespire Mortgage is now offering diverse home loan options, and the expansion of the services allows the lender to serve more clients. One of the loan services by the mortgage lender is the 30 Year Fixed Rate Mortgage, which is one of the most popular financing options. The housing loan offers a stable monthly mortgage payment in an extended time, and the interest rate is fixed. Alternatively, clients can opt for the 15 Year Fixed Rate Mortgage, which has similar characteristics to the 30-year option and comes with additional add-ons to the local buyers.
Homespire Mortgage also offers Adjustable Rate Mortgage (ARM), especially to clients that want customized loan services. ARM is ideal for clients that plan to resell their homes in the future or opt for a refinancing option before the expiry of the fixed-rate portion. Unlike the traditional fixed-rate mortgage, the product has one of the lowest interest rates for clients looking for home financing. Alternatively, clients can opt for the FHA Loan, which is backed by the Federal Housing Administration, unlike the other loan products. It is an ideal product for clients with a long credit history and those with less impressive credit. Clients can also opt for an FHA 203(k) Loan, which has different conditions, but it is within the FHA mission.
Homespire Mortgage also offers loan products to specific clients, such as VA loans, which the government backs. The loan is available to clients that have served in the military, and since it has backing from the Veteran’s Administration, it has favorable terms. However, if a client has never served in the military but is interested in owning a home in the countryside, the mortgage lender offers a USDA home loan. Besides the loan product being backed by the US Department of Agriculture, it has better terms since the homes are in less populated parts of the Chambersburg area.
The mortgage lender also offers refinancing options to clients in the Chambersburg area, especially those that want to save extra money with a lower interest rate. To qualify for the loan product, the client must first apply for the refinancing to the lender and use the loan to replace and pay off the previous mortgage. If the previous mortgage has a pre-payment penalty, the lender has experienced professionals that offer advisory services on the best way to handle the complex aspects of the previous contract and, more importantly, review the old mortgage terms on behalf of the client.
For more information on mortgage lending, interested clients can call the team at (717) 282-9109. Homespire Mortgage is located at 442 Stouffer Ave, Chambersburg, PA, 17201. Check the website for more information.
* This is not a commitment to end. Eligibility for a loan or extension of credit from Homespire Mortgage Corporation is subject to completion of a loan application, credit, income, and employment qualification, and meeting established underwriting criteria. Rates and closing dates are subject to change without notice based on market conditions. See Loan Consultant for information on program income limits, buyer contribution, area median income, debt requirements, and other application details. By refinancing your existing loan, your total finances charges may be higher over the life of the loan.
Brian DiPasquale and Dave Mellott
442 Stouffer Ave
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No JOURNAL RECITAL journalist was involved in the writing and production of this article.