Purchase and Refinancing Programs


Open Mortgage is a full-service lender for home loans since 2003. Our experienced and knowledgeable staff can answer all of your questions. You will deal with a face-to-face mortgage originator professional who will walk you through the mortgage process or online (whatever best fits our client’s needs). We also have the strength of the Better Business Bureau A+ rating.

The wide array of Loan Programs include:

  • Conventional Loans
    • Conventional Purchase
    • Conventional Refinance
  • Jumbo Loans
  • VA Loans
    • VA Purchase
    • VA Refinance
  • FHA Loans
    • FHA Purchase
    • FHA Refinance
      • Traditional
      • Streamline
  • USDA
    • USDA Purchase
    • USDA Refinance

Details on our Loan Programs:

Conventional Loans
30-year fixed-rate

  • The most popular loan option
  • Rates never increase, so payment will remain the same
  • Build equity since each payment is applied to principle and interest
  • The smoothest path to easy budget planning out there because you know that your payment will never go up month-to-month*
  • Increase cash flow by having lower payment by extending the term to 30 years
* Principal and interest payment; does not include taxes and insurance

Conventional Loans
15-year fixed-rate

  • Lower interest rate than the 30-year fixed program
  • Pay-off home quickly with less interest
  • Builds equity quicker

FHA Loans
30-year fixed-rate

  • FHA loans are a government-backed program with benefits:
    • 3.5% down payment
    • Flexible/less stringent credit requirements
    • Gift funds allowed
    • Typically lower rates than Conventional

VA Loans
30-year fixed-rate

  • Program for veterans or a surviving spouse of a vet
  • No down payment is required
  • No monthly mortgage insurance premium
  • Low rates, similar to those for FHA

Jumbo Loans

  • $417,000 for $3 million loans
  • Fixed or adjustable rates for large mortgages

USDA Loans

  • Typically lower monthly payments than FHA or conventional loans*
  • $0 down financing
  • Can be used to buy a new home or refinance an existing USDA loan rate
  • Allows for all closing costs to be either paid for by the seller or financed into the loan
  • These loans are only available in certain areas.
* Must meet income qualifications

Mortgage Property Eligibility Types

  • Single family homes
  • 2-4 unit properties
  • Townhomes
  • FHA-approved condominiums

Refinancing Options

  • Lower rate means lower monthly payment
  • Lower term of mortgage
  • Qualify for cash out to make home repairs, payoff debts, or pay for medical expenses

Borrowers Responsibilities

  • With any loan program, the borrower needs to maintain good credit scores and provide the personal information that is required, such as income, assets, credit, and employment verification information.

Open Mortgage – Where Better Is Possible TM

  • We will make this process convenient for you
  • Individual attention and dedicated service
  • Get accurate and responsive loan processing
  • We service nearly all of our loans after closing