FHA: The FHA (Federal Housing Administration) has been helping people become homeowners since 1934. We are pleased to announce that we now offer FHA Loans. With the FHA insuring the loan, this program allows Allegacy to offer you a better loan that allows for a lower down payment.

VA (Veterans Affairs) Loans: We are proud to serve those who have served our country with the addition of VA Loans. Available on purchases and refinances, these loans are offered to Veterans of the United States (active and retired) and to those who are serving and who have served in the National Guard. The new program allows up to 100% financing on purchase transactions for qualified borrowers and is available for loan amounts up to $417,000.

Fixed-Rate Mortgage: A first lien home mortgage where the interest rate remains the same for the entire term of the loan.

Low Documentation Fixed-Rate Mortgage: Fixed rate mortgage amortized over 15 years for a primary residence and vacation homes. The maximum loan amount is $417,000. Quick and easy qualification, relaxed documentation requirements, an appraisal or tax value may be used to determine value provided the loan amount is $250,000 or less (loans greater than $250,000 require an appraisal). On refinance transactions, loan amounts are considered up to a maximum of 80% of the collateral value as determined by Allegacy. PMI is not required. On purchase transactions, the maximum loan to value ratio is 80% of the lower of the sales price or collateral value. PMI is not required. There is a 1% origination fee charged to the borrower at closing. Allegacy will pay all closing costs (flood certification, tax service fee, title insurance, attorney fees, recording fees) with the exception of prepaid items and the appraisal fee.

• On a “no cash out refinance”, the low doc loan can be considered for 80% LTV and a 90% TLTV and HTLTV.

For loan amounts above $417,000, we offer members our Jumbo Mortgage with a very competitive rate.

For help deciding which mortgage is best for you, or for current mortgage rates and qualification information, contact our Mortgage Loan Specialists at 336.774.3400 / 800.782.4670 or visit an Allegacy Financial Center today.

Subject to credit approval. Terms and conditions may apply and subject to change without notice.

First Mortgages are available in CA, CT, DE, FL, GA, IL, IN, MD, NJ,
NY, NC, PA, SC, TX, VA, WV and Washington DC.