Welcome Homeowners and Home Buyers!
Welcome to Good Hands Mortgage, your full-service home loan company specializing in residential mortgages. Whether you are buying a home or refinancing, we can help you realize your dream of home ownership, or save money if you are refinancing.
As an independent, family-owned mortgage company we shop locally, regionally and even nationally to give you the best combination of interest rate, down payment, loan term and closing costs to meet your family's home buying or refinancing goals.
Not only do we work to find our clients the best home loan deal, but we also educate you as to why you are getting it. Our focus is transparency and customer service so we can get your loan closed as quickly as possible. And we make it so easy to apply on-line, from your tablet or cell phone.
Mortgage Rate Options
Fixed Rate Loans
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
Adjustable Rate Mortgages
Adjustable Rate Mortgages (ARM) are loans whose interest rate can vary during the loan's term. These loans usually have a fixed interest rate for an initial period of time and then can adjust based on current market conditions.
Interest Only Mortgages
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specified period of time.
Graduated Payment Loans
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (such as 5 or 10 years) and then becomes fixed for the remaining loan term. This allows the borrower to qualify for a higher loan amount because the initial payment is less.
Balloon Mortgage Loans
A Balloon Mortgage requires a large payment at the end of the loan term. Generally, you’ll make payments based on a 30-year term, but only for a short time, such as seven years. When the loan term ends, you’ll make a large payment on the outstanding balance, which can be unmanageable if you’re not prepared.
Loan Program Options
We offer a wide variety of mortgage loan programs to fit different scenarios. Whether you are a first-time home buyer with little money for a down payment, or an experienced investor with multiple investment properties – we have a loan program for you! It is important to understand the difference between government financing and conventional loans, and the down payment assistance programs that are available for many borrowers.
Conventional Loans
A Conventional loan is the most common type of mortgage because it is cost effective, applicable to nearly all types of properties and offers flexibility in loan terms, programs, and limits. This is a great option for borrowers with a good credit score and some money set aside for a down payment.
FHA Loans
FHA loans are a good option for first time homebuyers with little saved for a down payment, borrowers with low-to-moderate income and those with lower credit scores. Because the loan is backed by the federal government, it is considered less risky for the lender than a conventional loan and therefore, can be easier to qualify and requires a smaller down payment.
Jumbo Loans
A Jumbo Loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan.
If the loan amount exceeds the maximum amount for a conventional conforming loan of $726,200as determined by the Federal Housing Finance Agency (FHFA), it is considered a jumbo loan.
VA Loans
The VA Loan provides veterans with a federally guaranteed home loan which requires no down payment. This program was designed to provide housing and assistance for veterans and their families.
Because the mortgage is guaranteed, lenders will offer a lower interest rate and terms than a conventional home loan.
USDA Loans
USDA loans are low-interest mortgages with zero down payments designed for low-income Americans who don't have good enough credit to qualify for traditional mortgages.
You must use a USDA loan to buy a home in a designated area that covers several rural and suburban locations.
Renovation Loans
Renovation Loans can be a type of FHA Loan used for health and safety repairs, cosmetic upgrades, major remodeling and complete rehabilitation.
A more flexible rehab loan is the Conventional Home Style Renovation Loan, also permitted for repairs and major renovations.
Asset Qualifier Loans
This program is a great option for borrowers who may have a hard time qualifying for a traditional loan due to lack of employment. This includes retirees, business owners, divorced with no income and real estate investors.
Borrowers qualify based on eligible assets. The assets used for income calculation can also be used for cash-to-close and reserves.
Construction Loans
"Single-Close" Construction Loans provide interim to permanent financing for primary residences and second homes with just one application and one closing.
Jumbo One-Close Construction Loans allow for payment of interest-only during construction.
Soft costs (architectural, engineering, and permit fees) may be financed, closing costs may not.
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