Home Loan

Programs

Your home is an important asset.

Home Loan Programs

Our Home Loans

Below are listings of some of our purchase and refinance options. Should you have any questions, don’t hesitate to contact us. We’ll be happy to walk you through our home loans and the financing process.

Low Credit Scores

Call Us at 636.755.8073. We will gladly take your application over the phone and assist you with any questions you may have.

Home Equity Loans

Close in 5 mins – get funds in 5 days

Rising home values may give you a source of money you haven’t considered. A home equity line of credit (HELOC) can unlock those funds. Most HELOCs take weeks from the time you apply to the time you get your money. Not with CCM Equity Express – a fast home equity loan from CrossCountry Mortgage.

Conventional Fixed Rate Mortgages (FRM)

A fixed rate mortgage provides you with an interest rate that stays the same from the moment you close on your mortgage to the day you pay off your loan — keeping your monthly payments consistent and manageable.

A fixed rate mortgage is a great option if you plan to live in your home for a long time. It features a stable, unchanging interest rate that doesn’t rise or drop with market rates. This means your monthly mortgage payments will be the same throughout the duration of your loan.

Adjustable Rate Mortgages (ARM)

An adjustable rate mortgage (ARM) from CrossCountry Mortgage may help you save money on your loan, especially if you’ll be living in the home for only a few years.

Several types of ARMs are available — the most common being 3/1, 5/1, 7/1 and 10/1 ARMs. With an ARM, the first number represents the period during which your interest rate will be fixed. The second number represents how often your interest rate can change after the fixed period expires.
So, in a 30-year 5/1 ARM, your interest rate would be the same for the first five years of your loan.

Jumbo Home Loans

Jumbo loans provide financing up to $5 million for the purchase of luxury and high-cost homes. With a jumbo loan, you can achieve the kind of lifestyle you want to live — whether you’re upgrading or purchasing an investment property.

The loan is called a jumbo loan because the amount is higher than conventional lending limits, which is the maximum amount that Fannie Mae and Freddie Mac will purchase in the secondary market.* Like conventional mortgages, jumbo loans can either be fixed rate mortgages or adjustable rate mortgages
(ARMs).

Refinance Mortgage Loans

If you’re considering a refinance, FHA offers several options. If you have a lower credit score or are carrying more debt, these loans generally have easier qualification requirements than conventional loans. There are refinances to meet different needs, including cash-out and renovation. As with all FHA loans, you will need to pay mortgage insurance.

The FHA Streamline Refinance is the fastest, easiest way for a homeowner with a current FHA home loan to refinance. Your home’s original purchase price is used as the current value of the home, so there’s no appraisal. There’s an added advantage if your home has lost value: You’ll still be able to borrow up to the loan limit on the original price.

FHA Mortgage Loans

An FHA home loan is a government-backed mortgage program offered by a participating lender like CrossCountry Mortgage that gives you financial flexibility when buying a home, such as a low down payment and other benefits. FHA home loans are insured by the Federal Housing Administration (FHA), which is part of the U.S. Department of Housing & Urban Development (HUD). Thinking about buying your first home? An FHA loan may be just what you need. These mortgages benefit first-time homebuyers in that you can have a non-occupant, like a parent or relative, be a co-applicant on the loan with you. Your down payment can be as low as 3.5% of the purchase price.

Reverse Mortgage Loans

It’s a mortgage that allows homeowners 62 years and older to access a portion of the equity in their homes for use in retirement.

A reverse mortgage is an investor’s proprietary product. The first one originated in 1961 in Portland, ME. Today’s proprietary or jumbo products are available to those age 60 and older.

VA Mortgage Loans

A VA home loan is a Veteran loan provided by an approved lender like CrossCountry Mortgage and it is guaranteed by the U.S. Department of Veterans Affairs (VA). This guarantee means we’re able to offer qualified veterans more favorable terms on a home loan or mortgage refinance. You don’t need to be a first-time homebuyer, and you can reuse the benefit.