LOAN PROGRAMS
FHA LOAN
Available as fixed rate, ARM or GPM or buy down loan, FHA loans that are insured by the Federal
Housing Administration.  These are often attactive to first time home buyers because they require
lower down payments and have higher qualifying ratios than regular loans.  On the down side, there
is a maximum FHA loan limit which varies from region to region.

VA LOAN:
A no down payment loan available to eligible veterans.  VA Loans are insured by the Veteran's
Administration.

BUY DOWN LOAN:
A fixed rate loan where you can reduce the interest rate and monthly payment amount for a specific
period of time by paying a fee up front to subsidize the lower payment.

GRADUATED PAYMENT MORTGAGE (GPM):
A loan which has payments starting lower than the payment ona standard fixed rate loan which then
increases by a predetermined amount each year for a specified number of years (usually 5).

ADJUSTABLE RATE MORTGAGE (ARM):
A loan that has an interest rate which can increase or decrease at specified times during the life of
the loan.  The change in the interest rate is usually tied to a financial index (such as the prime rate or
the 11th District Cost of Funds or the LIBOR index) term description.

FIXED RATE MORTGAGE:
If you like the plan for the long-term and don't like to take risks, you might want to consider a
fixed-rate loan.  "Fixed" means that your interest rate and monthly loan payments remain the same
for the life of your loan.

HOME EQUITY LOANS AND HOME EQUITY LINES OF CREDIT:
Affiliates of FMG Loanz offer opportunities for customers to borrow against the equity in their home in
order to assist with expenses such as home purchase, college tuition, debt payment, and major
purchases.  We offer both Home Equity Loans and Home Equity Lines Of Credit (HELOC).
Stockton Office

4600 N. Pershing Avenue
Suite B
Stockton, CA 95207

near intersection of
Pershing Ave & March L
n

(209) 594-0663/office
(888) 316-4415/fax
Don't Think "No"...
Unless I say so
CA DRE License #01471787
CA DRE Broker License
#00832161
NMLS License #326257