Intelligent Investments, Inc.

Your Local Residential and Commercial Lending Firm



Intelligent Investment Inc. offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
Conforming 30 Year Fixed
Conforming 20 Year Fixed
Conforming 15 Year Fixed
VA Fixed Rate Mortgage and Adjustable Rate Mortgages
FHA Fixed Rate and Adjustable Rate Mortgages
FHA 203K 30 Year Fixed
Jumbo Fixed and Adjustable Rate Mortgage
Interest Only Conventional or Jumbo loans

Conforming 30 Year Fixed

This loan has a term of 30 years, fixed for 30 years. 

Term: 30 years   Maximum Amount: $417,000
 

This mortgage type is the most common choice for First Time Home Buyers.   There are longer fixed term loans available but at the moment the interest rates are too high to justify the longer term. 


Conforming 20 Year Fixed

A shorter term than the 30 Year Fixed option is always a good idea if payments are within your budget.

Term: 20 years   Maximum Amount: $417,000
 

 A shorter term like the 20 Year loan is also a good choice for First Time Buyers but not as common.


Conforming 15 Year Fixed

 A fixed 15 year term loan is an excellent choice if you can make these slightly higher payments.  Interest rates are typically lower than the 20 and 30 year fixed loans but what makes these loans so outstanding is the significant interest cost savings.

Term: 15 years   Maximum Amount: $417,000
 

This loan product is typically selected by those who have been in their home for at least 5 years and want to accellerate their loan payoff.  Because the payments are a bit higher than the 30 year fixed option, this loan type is not very popular with young people and First Time Home Buyers.


VA Fixed Rate Mortgage and Adjustable Rate Mortgages

For Veterans wishing to put little to no money down VA is an excellent way to go.  VA is 100% financing.  For a purchase you can come to close with your PrePaids and Closing Costs or negotiate to have the seller pay these items.  For a refinance you can have little to no equity and still qualify for the lowest interest rates offered. 

For those of you have have VA related disabilities the funding fee is waived. 

Term: 30 years   Maximum Amount: $406,250
 

VA offers 30 or 15 year fixed interest rates as well as a lower rate 3 year ARM loan.  Please contact us directly to find out if a funding fee is required for your situation and whether you qualify for a no cost streamline refinance.


FHA Fixed Rate and Adjustable Rate Mortgages

The FHA 30 Year Fixed mortgage is my favorite pick for First Time Home Buyers who don't qualify for VA.  FHA offers low consisten payments along with a low down payment of 3.5%.

Term: 30 years   Maximum Amount: $406,250
 

FHA offers 30 and 15 year Fixed products as well as lower interest rate 5 year and 3 year Arm loan. 

In many cases we can offer you a no cost streamline refinance.  For more details give us a call.  We are here to help!


FHA 203K 30 Year Fixed

The FHA 203K loan is an amazing product!  You can use this minnie construction loan to purchase or remodel your home.  Up to $31,800 of improvements can now be financed into your loan!

Non-structural improvements to your home purchase or refinance include but are not limited to: paint, carpet, roof, windows, cabinetry, appliances, doors...

If you are buying a home that needs a little TLC and you can't afford the additional costs after you close on the purchase; This product is perfect for you!

If you are refinancing your home and need additional non-structural improvements made to your home, let us know!   This product will go up to 96.5% of the current value or to 110% of the improved value, whichever is lower. 

Term: 30 years   Maximum Amount: $406,250
 

The 203K loan is a 30 year fixed product.  We are happy to individualize a scenario that works for your specific needs. 


Jumbo Fixed and Adjustable Rate Mortgage

Loan sizes above $417,000 are called Jumbo loans.  They can be difficult to finance in today's market.  We have many options for those needing Jumbo financing. 

Term: 30 years   Maximum Amount: $5,000,000
 

Please feel free to contact us directly for an idividualized approach to your Jumbo loan needs.  We will quickly analyze your situation and provide you with the lowest cost options available.


Interest Only Conventional or Jumbo loans

A common product option several years ago when home values were increasing was an interest only feature added to Jumbo or Conventional loan Arms or Fixed rate products. 

In a standard mortgage payment, each payment consists of a principal reduction as well as the interest expense.  With an interest only payment only interest is paid each month and principal is not reduced.  With an interest only feature on your mortgage you may choose to make an additional principal reduction but you are not forced to. 

The intest only feature allows for a temporary payment reduction.  Once the interest only period ends, typically after 5-10 years, your mortgage payment can increase dramatically.

 

Only very seasoned home owners should use this product option. 




Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $5,670. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $3,000,000 with closing costs of $31,500. Your actual APR may be different depending upon these factors.