Residential Mortgage Services
in Home Purchase Mortgages from Residential Mortgage ServicesUnaffiliated
|Loan Amount||Up to $1,000,000|
|APR||Starting at 3.9%|
|Loan Term (Years)||N/A|
Where does Residential Mortgage Services do business?
Residential Mortgage Services is a direct lender based in South Portland, ME. The company was founded in 1991 and offers mortgages to borrowers in 15 states (and Washington, DC).
How much can you borrow via Residential Mortgage Services?
Residential Mortgage Services allows borrowers to apply for loan amounts of up to $1,000,000. 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.
What range of rates does Residential Mortgage Services offer?
Residential Mortgage Services offers home loans with APRs starting at 3.9% .
Does Residential Mortgage Services charge a mortgage origination fee?
Yes, Residential Mortgage Services may charge a loan origination fee.
What mortgage programs does Residential Mortgage Services offer?
Residential Mortgage Services 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%.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- 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 Residential Mortgage Services allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Residential Mortgage Services allows the following property usage types:
- Primary home
- Washington, DC
- New Hampshire
- New Jersey
- North Carolina
- Rhode Island
- West Virginia