Residential Mortgages

Evolve Mortgage Services has the ability to "shop" for the best products and rates on the market today. You can rest assured the mortgage professionals of Evolve will find the right product at the right rate to fit your needs.

Please click here to have one of our mortgage specialists contact you.

Fixed-Rate Loans

A fixed-rate mortgage is the number one choice in today's market place. This loan offers a set payment for principal and interest over the life of the loan. You'll never have to worry over increasing interest rates or adjustment periods.

Features:

• Wide range of terms: 10,15, 20, 25, and 30 year fixed terms
• Rate lock periods of 15 to 90 days
• Points/No points option
• Jumbo loans available
• Stated income/asset programs available

Fees: Vary according to loan program

Adjustable-Rate Loans

If your plans call for selling or refinancing your home within 1 to 10 years, an adjustable rate loan may be right for you. These loans offer lower rates that fixed-rate products, but the interest rate is only fixed for a certain time. Depending on market conditions, this may or may not be beneficial when the adjustment period begins.

Features:

• 1, 3, 5, 7, and 10 year loan options
• Rate lock periods of 15 to 180 days
• Points/No Points option
• Jumbo loans available
• Stated income/asset programs available

Fees: Vary according to loan program

Interest-Only Loans

These products allow you the option of making an interest-only payment. Typically, principal payments may be made whenever you wish. If your need is to have reduced payments for a specific period of time or to meet a certain goal, an Interest Only (I.O.) loan may be perfect for you.

Features:

• Offers payment flexibility
• 1, 3, 5, 7, and 10 year adjustable term options
• 10 year interest only period
• 30 to 90 day lock period
• Points/No points option
• Jumbo loans available
• Stated income/asset programs available

Fees: Vary according to loan program

Home Equity Line of Credit (HELOC)

When you have a need for cash, a HELOC offers you a great way to obtain it. You pay interest only on the amount you currently owe. Payments may be interest only or contain a principal payment. As you pay down the principal balance, that amount becomes available to you again if the need arises.

Features:

• Very low closing costs
• Fast approval process
• Checkbook to access funds
• 5 or 10 year draw period (may be renewed)

Fees: Vary according to loan program

Fixed Rate Second Mortgage

Utilizes the equity you have in your home to meet current needs. A "closed-end loan", this product offers a fixed-rate with a time certain payback period.

Features:

• Very low closing costs
• Fast approval process
• Fixed rate/payment plan
• Pay down or off at any time

Fees: Vary according to loan program

Specialty Loans

There are several variations of loans that fit under this category. These products meet specific needs of borrowers who may want a loan requiring less documentation than a traditional conforming loan.

Categories:

• No Documentation
• No Income Verification
• No Ratio
• Stated Income/Stated Assets

Fees: Vary according to loan product