In order to meet your needs, Atlantic Home Lending, Inc. (AHL) offers an extensive menu of loan programs. Unlike some other lenders and banks we are proud to offer most loan programs with either reduced or no closing costs, and/or no monthly MI whenever available. We do not post current rates on our website because of the many loan programs available and because the actual rates will vary depending on factors such as credit score, down payment, and loan amount. Rest assured, we will absolutely find the lowest cost loan program for you at a great rate!
Fixed Rates: These are loans where the rates and payments are fixed for the entire loan term. We offer loan terms for 10 years up to 30 years. However, we can also tailor a fixed rate that best suits your needs. For example, most lenders and banks offer terms of only 10, 15, 20, and 30 years. AHL can offer you any term from 10 to 30 years in yearly increments. If a 27-year loan, 19-year loan, or 12-year loan works best for you, we can do it!
Adjustables: These loans have an initial start rate for a specific period of time after which the rate and payments may adjust yearly either up or down. The most common loans are 3/1, 5/1, 7/1, and 10/1 adjustable loans. See our FAQ’s for more information.
Jumbo Loans: These are loans that exceed the loan limits of Fannie Mae or Freddie Mac. We offer many fixed rate and adjustable jumbo loan programs.
Rehab Loans: Some properties are deemed to be not fit for financing. However, we have a program that allows you to buy your fixer upper as is. We will use the after improved value in determining your loan amount so that you can obtain sufficient funds to do all the work after you close!
FHA Loans: Backed by HUD these loans are available for those borrowers who have very little money to put down or perhaps have a low credit score. Or, if you are buying a multi- family property and lack a sufficient down payment to qualify for a traditional Fannie Mae loan an FHA loan may be your answer to home ownership.
VA Loans For qualified veterans we proudly offer VA loans. We express our thanks and gratitude for your service and sacrifices made in order to preserve the wonderful freedoms we all enjoy.
First Time Buyer Specials: We have a program offering great rates and reduced MI. Income restrictions may apply depending on your geographical area.
Investment Property Programs: For 1-4 family properties and condos we offer an array of products to suit your needs.
Nonconventional Loans for certain unique situations: This refers to a wide variety of situations – from recent serious credit issues to investors with an unlimited number of properties owned.
Note: Programs require certain minimum credit scores. Down payment requirements may also vary with market conditions as determined by FNMA/FHLMC/FHA/VA, Jumbo and Private Investors in certain geographical areas.