Province Mortgage Associates, Inc 3

NMLS#

13504

About

Province Mortgage Associates, Inc 3

Province Mortgage Associates, Inc. is a real estate lending company that specializes in providing mortgage services to clients. With a focus on Connecticut, Massachusetts, and Rhode Island, our team of professionals offers expert advice and assistance throughout the mortgage application process. As a licensed mortgage lender and broker, we facilitate loans but do not make them ourselves. Our NMLS ID is 2861 and we are also licensed in CT, MA, NH, and Florida. We strive to help our clients achieve their homeownership goals by offering effective strategies for saving for a down payment and avoiding common mortgage application mistakes. At Province Mortgage Associates, Inc., we are committed to delivering exceptional service to our clients and assisting them in navigating the complexities of the real estate market.

Loan programs at

Province Mortgage Associates, Inc 3

- Conventional Loans: Province Mortgage Associates, Inc. offers conventional loans, which are traditional mortgage loans not insured or guaranteed by a government agency. These loans typically require a down payment and have various term lengths.

- FHA Loans: The company provides FHA loans which are insured by the Federal Housing Administration. These loans often have lower down payment requirements and more flexible qualification criteria compared to conventional loans.

- VA Loans: Province Mortgage Associates, Inc. offers VA loans, specifically designed for active-duty military personnel, veterans, and eligible surviving spouses. These loans provide favorable terms and often require no down payment.

- Jumbo Loans: The company also offers jumbo loans, which are mortgages that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. These loans are ideal for individuals purchasing high-value properties.

- USDA Loans: Province Mortgage Associates, Inc. provides USDA loans, backed by the U.S. Department of Agriculture. These loans are designed for rural and suburban homebuyers who meet certain income and property eligibility requirements.

- Renovation Loans: The company offers renovation loans to help borrowers finance the purchase or refinance of a property while also providing funds for home improvements or repairs.

- Reverse Mortgages: Province Mortgage Associates, Inc. provides reverse mortgages, a financial product available to homeowners aged 62 and older. These loans allow eligible homeowners to convert a portion of their home equity into cash.

- Adjustable-Rate Mortgages (ARMs): The company offers adjustable-rate mortgages, where the interest rate can vary over time according to market conditions. ARMs typically have a fixed rate for an initial period and then adjust periodically.

- Fixed-Rate Mortgages: Province Mortgage Associates, Inc. provides fixed-rate mortgages, where the interest rate remains the same throughout the loan term. This offers stability and predictability in monthly payments.

- First-Time Homebuyer Programs: The company offers programs specifically tailored for first-time homebuyers, providing assistance and guidance throughout the mortgage process.

- Refinance Loans: Province Mortgage Associates, Inc. offers refinance loans, allowing existing homeowners to replace their current mortgage with a new loan that offers better terms or lower interest rates.

- Investment Property Loans: The company provides loans for investment properties, enabling individuals to finance the purchase of properties intended for rental income or investment purposes.

- Construction Loans: Province Mortgage Associates, Inc. offers construction loans to help borrowers finance the construction or renovation of a property. These loans often have specific requirements and disbursement processes.