RMO Mortgage offers a full range of home loan products for purchasing, refinancing, and tapping into your home equity.
Purchase Loans:
- Conventional: Fixed-rate and adjustable-rate options with competitive rates. Down payments as low as 3% for qualified first-time buyers.
- FHA: Government-backed loans with low down payments (3.5%) and flexible credit requirements. Ideal for first-time homebuyers.
- VA: Zero down payment loans for eligible active-duty military, veterans, and qualifying spouses. No PMI required.
- Jumbo: For properties exceeding conforming loan limits. Competitive rates with flexible terms.
Refinancing:
- Rate-and-Term Refinance: Lower your interest rate or change your loan term without taking cash out.
- Cash-Out Refinance: Access your home equity as cash by refinancing for more than your current balance.
Home Equity Products:
- Home Equity Loan: A fixed-rate, lump-sum loan secured by your home equity. Ideal for large, one-time expenses.
- HELOC (Home Equity Line of Credit): A revolving line of credit secured by your home equity. Draw funds as needed during the draw period and pay interest only on the balance used.
To explore options, log in to MyRMO or schedule an appointment through MyRMO or by calling us to speak with an Expert.