OUR PEOPLE MAKE THE DIFFERENCE

A TOP-DOWN VIEW OF OUR ADVANTAGE LENDING PROGRAMS


CONVENTIONAL: Best for people that have at least a 5% down payment and good credit

If you have money for a down payment and can put down at least 5%, a conventional loans can be one of the most affordable mortgage choices. A conventional loan can be a great option for those looking to refinance. With reduced fees and great rates, you could save thousands over the life of your loan.

JUMBO: Favorable loan terms for those seeking loan amounts above $417,000

Atlantic Bay offers Jumbo Home Loans, with distinct advantages.

FHA: Affordable loans with down payments as little as 3.5% and more lenient underwriting criteria

These programs are designed to help credit worthy low-income families who do not meet requirements for conventional loans. FHA loan programs are particularly beneficial to those buyers with less available cash.

VA: Great for active duty and veterans with 100% financing available

VA loan programs are available to eligible veterans for the purchase of a home. VA loans are particularly beneficial to those veterans that do not have much cash available. 

REVERSE MORTGAGE: For seniors 62 and older who wish to purchase a new home

A Reverse Mortgage is also known as a Home Equity Conversion Mortgage (HECM). HECMs are FHA’s reverse mortgage program which enables you to purchase a home for a fraction of the selling price.

RENOVATION: Available for purchase and refinance that allows you to renovate or upgrade your home

Atlantic Bay offers 203(K) and Homestyle renovation loans. Our 203(K) renovation loan has lower credit score qualifiers and a lower down payment. The Homestyle loan offers maximum flexibility for construction repairs and remodeling, but generally requires a slightly higher down payment. We also offer streamline renovation loans for upgrades/renovations that are less than $35,000.


*Programs, interest rates, and fees are subject to change without notice. All loans subject to credit approval and property appraisal.