IFC Loans

Refinance your mortgage and lower your interest rate, pay off debt, and give yourself some peace of mind. IFC Loans ha a large selection of refinance products and we’re sure to find the right loan to suit your financial needs. Check out our basic refinance products below. IFC Loans has a wide range of Fixed Rate Loan Options built to suit specific needs of our customers. Our Home Mortgage ExpertsSM are ready to help you find the loan that’s right for you!

Contact us now to get a FREE, no obligation loan consultation:
Call us at 1.800.520.0432 or Get Pre-Approved online now.

With fixed rate mortgage (FRM) loan the interest rate and your mortgage monthly payments remain fixed for the period of the loan. Fixed-rate mortgages are available for 40, 30, 25, 20, 15 years and 10 years. Generally, the shorter the term of a loan, the lower the interest rate you could get.

The most popular mortgage terms are 30 and 15 years. With the traditional 30-year fixed rate mortgage your monthly payments are lower than they would be on a shorter term loan. But if you can afford higher monthly payments a 15-year fixed-rate mortgage allows you to repay your loan twice as fast and save more than half the total interest costs of a 30-year loan.

Basic 10 to 40 Year Loans

Many people want the stability of a fixed principal/interest payment over the life of their loan. This type of loan requires a minimum of 5% down. IFC Loans offers a wide variety of loan terms to fit your home ownership goals (40, 30, 25, 20, 15 or 10 years).

Low Down Payment Loans

• This type of loan requires only 3% down payment.
• Source of down payment can come from gifts, grants or unsecured loans
• Financing options available for closing costs
• Expanded qualifying ratios for income and debt
• Community assistance allowed on some programs
• Available on most fixed rate programs
• Some programs have maximum income restrictions by area

Construction Loans

You are building or significantly renovating a home (in excess of $50,000) and want to avoid the extra cost of two closings (construction loan and permanent loan). One application, one qualification process, one closing, and one set of closing costs. Interest-only payments during construction, and a fixed rate for the permanent loan.

FHA Loans

FHA Loans provide mortgage insurance for a person to purchase a principal residence. The mortgage loan is funded by a lending institution, such as a mortgage company and the mortgage is insured by HUD. This type of loan only requires as little as 3% down payment.

Interest Only Option

Interest-only is an option that can be attached to any type of mortgage. Qualified borrowers pay interest only for the first 10 or 15 years of the loan for fixed loan programs.