W  Loan  Products
       Loan Products
Berkshire Mortgage Company provides home financing for the
following:  Purchases, Refinances, Construction-Permanent


Traditional Conforming Loan Products $417,000 & under:
  •   Conventional Fixed Rate (10,15,20,30, & 40 yr.term)
  •   Conventional ARMs (1/1,3/1,3/3,5/1,5/5,7/1,&10/1 Treasury & LIBOR ARM)
  •   Popular Options: interest only, no MI,  bi-weekly, 100%


Jumbo Non-Conforming Products over $417,000 :
  •   Jumbo Fixed Rate (10,15,20,30,& 40 yr. term)
  •   Jumbo Non-Conforming Treasury & Libor ARMs (1/1,3/1,3/3,5/1,5/5,7/1,     
    10/1)
  •   Popular Options: interest only, no MI,  bi-weekly



Portfolio Loan Programs:
  •   Conventional Fixed Rate Construction Permanent (10-30 years)
  •   Conventional Treasury ARM Construction Permanent (3/1, 3/3, 5/1, 5/5,   
    5/5, 7/1, 10/1)
  •    Purchase-Rehab and Refinance-Rehab ( Fixed Rate or ARM)
  •    Land Loans: 3 to 20 yrs, interest-only,3 yr. demand, 10 yr. fixed, & 20 yr.
  •    Popular Options: interest only, up to 80%,Condos & non-warrantable     
    condo financing


First Time Homebuyers
  •    Conventional Fixed Rate (term: 10-40 years)
  •    Conventional & Treasury  ARMS
  •    Popular Options: 100%/noMI, low closing cost,
  •    free pre-qualification




Investment Properties & Commercial Real Estate:
  •   Conventional Fixed Rate -10-30 yr.term,1-4 family, investment property,
    Treasury ARM- 3,5,7,&10 yr., 1-4 family non-owner occupied, 5 units or
    more, Commercial Real Estate Financing to 80%.
  •   Popular Options: Interest-only


Home Equity Lines & Home Equity Loans:
  •   HELOC : Variable with prime or fixed-rate up to 5 years, no closing
    costs, below prime pricing, 1st or 2nd lien position, Primary & Vacation,
    non owner-occupied.
  •   Home Equity Loans: Fixed Rate up to 30 years,  Full  Doc, no closing
    costs, stand alone 1st or 2nd lien, Primary or Vacation, Non-Owner
    Occupied.