Eagle Nationwide Mortgage Company

Our Products

Eagle Nationwide Mortgage Company offers a variety of loan programs to meet your needs. We have an extensive selection of loan programs, with the flexibility to provide many types of loans that others simply don’t offer.  Here are some of the more popular selections:

  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages
  • FHA/VA Mortgages
  • Reverse mortgages

Don't see it? Just ask!

Fixed Rate Mortgages

Fixed rate loans have interest rates that do not change over the life of the loan. Their major advantage is peace of mind that your rate of interest will never increase or decrease.

Fixed rate loans are typically available with repayment terms as short as 10 years or as long as 40 years. Shorter payment terms allow the loan to be paid off more rapidly thus saving on years of payments, but since the loan amount will be repaid in a shorter time the monthly payment will be higher.

Most fixed rate loans we offer have no prepayment penalty and no points. In some cases borrowers may choose to pay points or accept a prepayment penalty (waived after the first 1 to 3 years) in exchange for a lower interest rate.

Fully amortizing (principal and interest payments due monthly) or interest-only (for qualified borrowers who seek no principal payments due the first 5 to 10 years) are available.

Conventional (non-government), FHA (HUD), VA and Rural Development fixed rate mortgages are also available.

Adjustable Rate Mortgages

Also called ARMs or Hybrid ARMs, these products are designed to make your home more affordable with lower payments. The term of an ARM is typically 30 years. Borrowers planning to move or refinance in a few years sometimes consider loans that remain fixed for a certain period (usually 3-5 years) and then change from time to time. These are called hybrid adjustable rate mortgages or simply "ARMs."

Not everyone needs an ARM, but for some borrowers specialty ARM's may be perfect in certain situations. A typical homeowner most often chooses a fixed rate mortgage instead of an ARM.

Reverse Mortgages

As the name implies, reverse mortgages PAY YOU or simply have no payment for the money borrowed. Credit history is not considered - only the value of the property.

These are ideal for retirees or others on fixed-income.

These are true mortgages having an interest rate and payment but the difference is that the equity in your home is used to pay the mortgage and could also be used to pay you. The mortgage payment is added to the principal owed, but you'll never owe more than what your house is worth.

An interview with an independent, specialized counselor is required prior to applying for a reverse mortgage.

There are now many inexpensive reverse mortgages that can offer very attractive terms.

If you don't see it - ASK

Other loan types and products may not be listed but are available on request. Call or e-mail us about what financing you need and we'll be happy to help.