Advantage Rate Mortgage
in Home Purchase Mortgages from Advantage Rate MortgageUnaffiliated
|Loan Amount||Up to $5,000,000|
|Loan Term (Years)||N/A|
Where does Advantage Rate Mortgage do business?
Advantage Rate Mortgage is a direct lender based in Matthews, NC. The company was founded in 2013 and offers mortgages to borrowers in 2 states.
How much can you borrow via Advantage Rate Mortgage?
Advantage Rate Mortgage allows borrowers to apply for loan amounts of up to $5,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
Does Advantage Rate Mortgage charge a mortgage origination fee?
Yes, Advantage Rate Mortgage may charge a loan origination fee.
What mortgage programs does Advantage Rate Mortgage offer?
Advantage Rate Mortgage offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Advantage Rate Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Advantage Rate Mortgage allows the following property usage types:
- Primary home
- North Carolina
- South Carolina