SHOREHAM BANK

NMLS#

677755

About

SHOREHAM BANK

Shoreham Bank is a reputable real estate lending company. It is FDIC-insured, backed by the US Government. The company has an experienced mortgage expert named Sean Hogan, who has 20 years of residential mortgage experience. He assists individuals in obtaining financing for their dream homes or refinancing existing properties. Sean's clients appreciate his customer-oriented approach, as he actively listens to their needs and develops customized plans to help them achieve their goals. To contact Sean, individuals can fill out a form on the website. Shoreham Bank provides various quick links for easy access to product information, services, making payments, applying for loans, and contacting them. They have multiple locations and offer legal protection, privacy policy, and terms of use for their services. The company is active on social media platforms such as Facebook, LinkedIn, Instagram, and YouTube.

Loan programs at

SHOREHAM BANK

- Fixed Rate Mortgage: A loan program where the interest rate remains the same throughout the entire term of the loan, providing stability and predictable monthly payments.

- Adjustable Rate Mortgage (ARM): A flexible loan program with an initial fixed-rate period followed by adjustments based on market conditions. The interest rate can fluctuate periodically, affecting monthly payments.

- Jumbo Loans: Designed for high-value properties that exceed the conventional loan limits. Jumbo loans provide financing options for luxury homes or properties in high-cost areas.

- FHA Loans: Backed by the Federal Housing Administration, FHA loans offer flexible qualification criteria and lower down payment requirements, making homeownership more accessible to individuals who may not qualify for conventional loans.

- VA Loans: Exclusive to veterans, active-duty service members, and eligible surviving spouses, VA loans provide favorable terms and benefits, including no down payment requirement and competitive interest rates.

- USDA Loans: Aimed at promoting rural development, USDA loans assist individuals buying homes in designated rural or suburban areas. These loans offer low-interest rates and flexible financing options.

- Construction Loans: Designed for individuals or businesses constructing a new property. These loans provide funding to cover building expenses during the construction phase and can be tailored to specific project needs.

- Bridge Loans: A short-term financing option to bridge the gap between the purchase of a new property and the sale of an existing one. Bridge loans help facilitate smooth transitions during real estate transactions.

- Home Equity Loans: Utilizing the equity accumulated in a property, homeowners can access funds through this loan program. Suitable for home improvements, debt consolidation, or other financial needs.

- Reverse Mortgages: Available to seniors aged 62 and older, reverse mortgages enable homeowners to convert a portion of their home's equity into tax-free loan proceeds, offering financial flexibility in retirement.