Fixed Rate Mortgages

A fixed-rate mortgage is the most common type of loan option. This option includes monthly principal and interest payments that never change during the loan’s lifetime.

Borrowers can usually choose terms lasting 15, 20, or 30 years. However we can also customize your term down to 8yr loans as well. The length of the term determines the monthly amount you will pay, but once you’re locked in, you can safely budget for your mortgage every month. That’s why borrowers like fixed-rate mortgages: never a surprise along the way. 

Jumbo Loans

Our jumbo mortgage loan program is starting at $1 over the conforming limit for each county.  Jumbo mortgage loans are meant for buying or refinancing properties in high-cost or competitive real estate areas. We accept full or alternative documents.

Bank Statement Loans

Bank statement mortgage loans are meant to make it easier for self-employed individuals to apply for mortgages. These types of loans allow applicants to use bank statements as proof of income rather than tax forms. Compare this to conventional mortgages, which ask borrowers to provide tax statements and W2 forms to be approved.

Castle Rock Mortgage offers 3-month, 12-month, or 24-month bank statement programs. We can do profit & loss only, as well. You must be self-employed for at least 24 months to qualify.

Investor Cash Flow

DSCR

No Income or Employment verified. Our Investor Loans program is designed for investment, non-owner-occupied loans that are designated for business purposes only. This program does not require disclosure of employment or income. Realtors and Professional Investors love our investor cash flow loan product. They often use it for Fix & Flips, Fix & Hold strategies as well as getting out of those hard money or construction loans. 

Asset Utilization

Asset Based loans are mortgages meant for individuals with non-traditional income, typically people with substantial assets but no real income. Think of a high-net-worth individual who wants a mortgage but doesn’t actually work.

Asset Based loans can be used to supplement other income to help lower the debt-to-income ratio and meet ability-to-repay requirements, subject to certain limitations.

FHA

Subtitle

FHA home loans are mortgages insured by the U.S. Federal Housing Administration. They allow borrowers to get low mortgage rates with a minimal down payment and with less-than-robust credit scores. FHA loans don’t require borrowers to put as much money down on the cost of a house, and all of this together makes FHA loans go-to options for many first-time home buyers.

VA

VA loans are mortgages guaranteed by the U.S. Department of Veterans Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.

Interest Only

Non-QM

Interest-only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than toward the principle, for a specified period of time.

These are a form of adjustable-rate mortgage. Payments will be lower during the interest-only period. After that, however, borrowers must pay back the principal all at once or in regular installments.

ITIN

Non-QM

ITIN mortgages, standing for “individual tax identification number mortgages,” are designed to help prospective borrowers that live and work in the US with an individual tax ID number but no social security number.

These ID numbers are issued to resident and non-resident aliens. That means these groups can use their numbers to apply for ITIN mortgage loans with us.



HELOC

A Home Equity Line of Credit is perfect for you if you need the flexibility to pull out cash from your home's equity at several different times. We give you a line of credit, and you pull out money as needed over a specific draw period. All amortized over 30 year repayment period. This product is a variable rate product (Prime Rate + Margin), and is generally very much lower than using your credit card.

HELOAN

This product is great for you if you need a 2nd loan on the house and don't want to touch the first. This is a fixed rate product, so no changes to any of your payments, ever!

REVERSE MORTGAGE

-NO MORE monthly mortgage payments.* 

-Pay off your existing mortgage if you have one. 

-You own your home.* 

-A reverse mortgage is Government insured by the FHA.

-Use the cash for any purpose.

*Please consult with your financial or accounting professional for all questions about your tax liabilities. Mortgage Interest and Primary Mortgage Insurance are added to your Mortgage balance and accrue daily. Homeowner is responsible and must stay current with property taxes, homeowners insurance and maintain their home to stay compliant with the terms of their reverse mortgage. This material is not from HUD or FHA and has not been approved by HUD or any government agency. Reverse Mortgages are neither "endorsed" nor "approved" by the Federal Government.