Mortgage Loan Programs

Thank you for considering the many mortgage programs offered by Allstate Mortgage & Loan Corporation. We're very excited about the opportunity working with each new client represents. You see, you're more than just a customer to us, you are an investment in our future growth.

Established in 1994, Allstate Mortgage & Loan Corporation wants to become your mortgage lender of choice both today and tomorrow. We believe you'll be so happy with the mortgage programs we recommend, and the service you receive, that you'll recommend our company to everyone you know who is in need of a Home Loan. You really are that important to our success.

Taking out a real estate loan is a tremendous investment and risk for each of us. The amount of risk and reward achieved as a result of that new home loan is directly related to the quality of your experience, and the quality of the mortgage program itself. Together, we're confident we can achieve a balance between both risk and reward that will satisfy even the most meticulous of clients. We invite you to learn more about our programs, to join our family of satisfied customers, and experience the Allstate Mortgage & Loan Corporation difference. Call 1-800-701-1186 today to learn more about any of the mortgage programs we offer.

FHA Loan Programs

Established through an act of congress, for over 70 years the Government insured FHA mortgage program has helped millions of home buyers achieve their dreams of home ownership. The FHA loan program itself maintains three core "Flavors" of loan terms; 30-Year Fixed, 15-Year Fixed and 1/1 ARM's. Unlike traditional conventional programs, the underwriting for a FHA home loan is not very sophisticated and operates on a "Make Sense" approach to lending. As a result of this makes sense approach to lending, more home buyers can qualify to purchase or refinance a home at or near conventional loan interest rates.

Some of the many benefits of the FHA program include:

• No Income Restrictions - This means, regardless of your income, if the property qualifies, and you meet the necessary underwriting qualifications, you can be approved for an FHA loan.
• No Credit Score Used - The FHA mortgage program does not consider credit scores as part of the underwriting process. What is most important to the underwriting of a FHA loan is credit quality over the last 12 to 24 months. This means past financial hardship, which can negatively impact credit scores for extended periods of time, will not be an immediate disqualification. With conventional lending, which is credit score driven, these past hardships can mean you won't qualify.
• Real Manual Underwriting - For those borrowers who cannot get approved using traditional automated underwriting (used in conventional and Government programs), the FHA loan program encourages underwriters to review the actual loan documents for compensating factors that will allow them to manually approve a loan without an automated approval.
• Diverse Property Inclusion - The FHA loan looks at many property types the same way without impact to the actual interest rate available to the borrower. As a result, a homeowner or home buyer can finance multiple property types under the program. Just some of the properties which are eligible include:
  • Single Family Homes;
  • Modular Homes;
  • Multi Family Homes;
  • PUD's;
  • Condominiums;
  • Manufactured Homes With Land; and
  • Townhouses.
• Multiple Program Options - The FHA loan program is geared towards making homeownership a successful experience for every qualified borrower. The program wants you to own and enjoy a home. As a result, the FHA mortgage program allows temporary buy downs of interest rates designed to facilitate qualifying. In addition, the program, like traditional programs, allows you to permanently buy your interest rate down.
• Downpayment & Closing Costs - While conventional underwriting allows the underwriter to place limitation and restrictions of down payment assistance and closing cost help, the FHA program encourages underwriters to allow these approved benefits. This means you can use any IRS recognized 501c3 charity to assist in meeting the small downpayment requirements of the FHA program. In addition, your seller can pay up to 6% of your closing costs. Combined, this can create a no money down scenario in which your only out of pocket expense occurs during the loan origination process. Some of the out of pocket expenses which can occur as a result of financing any new home include:
  • The Property Appraisal
  • Home buyer Education Classes (Required when using a downpayment assistance program)
  • Home Inspection Service
  • Property Survey
  • Well Inspection
  • Sump Inspection
• Regulated Closing Costs - The FHA program has regulated closing costs which control what you can be charged for in a real estate transaction. This can translate into reduced costs to close on your home.
• Fully Assumable Loans - A FHA loan is fully assumable by qualified home buyers. This benefit can be used to quickly pass a property on to a family member, friend or other home buyer.
• Foreclosure Intervention - One of the most undervalued and important benefits of the FHA loan program are the many opportunities homeowners will have to keep their home during periods of financial difficulties. Unlike conventional and alternative lending programs that can potentially foreclose on you in 90 days or less, the FHA program is designed to protect your interest first and foremost. HUD has established multiple options that go beyond the forbearance opportunities offered by the traditional lender that can include, to qualified homeowners, grants to pay a mortgage current in addition to several other very unique foreclosure intervention opportunities. The added security of this program feature alone makes the FHA program one of the most ideal mortgage solutions available today for the typical home buyer or homeowner.

Mortgage opportunities offered by the FHA program include:

• Purchase Loans - Purchase a qualified home in all 50 states.
• Refinance Loans - Refinance a conventional mortgage to a FHA loan.
• Streamline Refinance - Low cost, no-qualifying refinance an existing FHA loan to reduce an interest rate, monthly mortgage payment or change an existing FHA loans terms.
• Cash out Refinance - Uses a homes equity to take cash out or consolidate debts.
• Title 1 FHA Loan - The Government insured version of a home equity loan. This program can only be used for making real improvements to a existing home. The amount available to borrow is based upon the estimated value of a property after the proposed improvement have been made.

As a Government insured mortgage program, the FHA loan has received, over the years, a lot of very negative criticism. The bad reputation, frankly, is very undeserved. Many poor experiences with the FHA loan program stem from isolated cases that are a result of:

• A lenders lack of understanding of the programs;
• An inexperienced loan officer;
• Cases of outright fraud; and
• Added underwriting times required for a borrower who has had past credit issues (This is manual underwriting).

The fact is, whether you are applying for a conventional loan, or applying for an FHA loan, the quality of the service will be a direct result of the knowledge and experience of the company and the loan officer you are working with. At Allstate Mortgage & Loan Corp., we encourage you to consider the FHA loan program as your first loan of choice for a traditional 30-year or 15-year fixed rate mortgage. The value and benefits to you as a consumer are simply tremendous. Give us a call today at 1-800-701-1186 to learn more, or, simply complete our Short Application to begin the loan process.

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Conventional Loan Programs

Traditional conventional loans are the foundation of the mortgage industry. Utilizing automated underwriting, both DU and LP, the time from application to close can now occur in the amount of time it takes to actually acquire the documentation and paperwork necessary to close a new home loan. With our online full Mortgage Application, your loan process with Allstate Mortgage & Loan Corp will utilize the most advanced mortgage processing technology available today. In some instances, with a fully completed conventional mortgage application, a loan decision can be made in under an hour and the loan itself can close in days.

Clientele Needs We Meet Under Our Conventional Loan Program Include:

• Traditional Home Buyers
• First Time Home Buyers
• 2nd Home Buyers
• Homeowner Refinance - Rate & Term - Streamline Refinance
• Homeowner Refinance - Cash Out - Debt Consolidation
• Real Estate Investors

As part of our conventional home loan portfolio of programs, Allstate Mortgage & Loan can assist homeowners and home buyers with both real estate purchases and residential refinance loans.

Our Conventional Fixed Rate Loan Portfolio Terms Include:

• 40-Year Fixed Rate Loans
• 30-Year Fixed Rate Loans
• 20-Year Fixed Rate Loans
• 15-Year Fixed Rate Loans
• 10-Year Fixed Rate Loans
• 7-Year Fixed Balloon Loan

Our Conventional Adjustable Rate Loan Portfolio Includes:

• 1/1 ARM's*
• 3/1 ARM's*
• 5/1 ARM's*
• 7/1 ARM's*
• 10/1 ARM's*

* The adjustment period for Conventional Freddie Mac and Fannie Mae Adjustable rate mortgages vary based upon program and Options. ARM's can come with Either annual adjustments or Semi-Annual Adjustments After The Fixed Rate Period. Interest rate and terms available can be affected by the index in which The aRM is Tied to. some aRM programs require a pre-payment Penalty. Not All Programs With Allstate Mortgage & Loan Corp. will be available in all states.

Loan options available with some loan programs include:

• Interest Only Periods
• No Income Verification
• Limited and No Documentation Options
• Combo Loans - 80% 1st Mortgage With The Balance As A HELOC 2nd Mortgage Up To 100% LTV
• 97% LTV Single Loan
• 100% LTV Single Loan
• Biweekly Loan Payment
• and more....

Specialty Programs Afforded to Home Buyers & Homeowners Via Freddie Mac and Fannie Mae Conventional Home Loan Programs Include:

The knowledgeable experts at Allstate Mortgage & Loan Corp can make your conventional home loan process a smooth and enjoyable transaction. For many experienced mortgage clients, that in itself will be a change! We offer our customers both the experience and tools necessary to provide you with a wide range of financing options. These home financing options can create solutions to both your future and immediate financial requirements. Give your local mortgage experts a call today at 1-800-701-1186 or use our Short Application to begin the mortgage loan process.

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Jumbo Mortgage Programs

For the sophisticated luxury home buyer and homeowner, Allstate Mortgage & Loan Corp. offers a diverse portfolio of Jumbo and Super Jumbo mortgage program options. Jumbo mortgages and Super Jumbo home loans cannot be underwritten and approved using traditional conventional financing. The loan amounts of these luxury homes simply will not conform to Freddie Mac and Fannie Mae lending guidelines and loan limits. As result, luxury homes require a lender maintain a portfolio of non-conforming loan products that can be tailored around the needs of each unique home buyer or homeowner.

When considering a second mortgage option, or combo 1st and 2nd mortgage solution, bear in mind that neither Fannie Mae, nor Freddie Mac will purchase a second mortgage in which the balance on the 1st combined with the new 2nd exceeds the established loan limit amount for the property type. This includes properties in which they are only purchasing the second mortgage note. There simply are no shortcuts to avoiding jumbo mortgage status.

Much like traditional conventional loans, our Jumbo and Super Jumbo product line offers a broad range of comparable mortgage program types and product options. These options can include the full range of fixed and adjustable rate mortgage programs, in addition to balloon notes, Interest only options, bi-monthly payment plans and much more.

Interest rates on the jumbo and super jumbo mortgage programs vary by product, product options, property type, credit, loan-to-value and your overall financial picture. As you can see, there are a number of factors that must be considered before a interest rate can be determined. If you're shopping Interest rates, we'll be more than happy to provide a quote based upon today's rates. Our office phone number is 1-800-701-1186.

Some Of The Property Types In Which We Can Makes Loans For Include:

• Single Family Luxury Homes
• Luxury Estates
• Luxury Condominiums
• Beach Front Homes
• Luxury Town homes
• Custom Built Luxury Homes
• Ranch Estates
• And Many Other Types of Luxury Real Estate

At Allstate Mortgage & Loan Corp., our residential Jumbo and Super Jumbo home loans can be funded to loan amounts up to 30 Million dollars. Due to the risk of financing such high value real estate, not just any loan professional, or mortgage lender, should be considered. Much of what takes place during the loan origination process of a Jumbo mortgage file incorporates a combination of experience, expertise and presentation. This is the exact formula you will find in your Allstate Mortgage & Loan Corp. representative. To speak with a expert Jumbo loan originator, simply give our corporate office a call at 1-800-701-1186 or use our Short Application to begin your application process.

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Manufactured Home Loans

Manufactured housing continues to remain an affordable alternative to the traditional stick built home. One of the largest obstacles many mobile home buyers face once they've found the perfect home, is finding quality affordable financing solutions that will allow them to not just contract to buy, but contract to close. At Allstate Mortgage & Loan Corp., we maintain a portfolio of lending solutions tailored around originating mobile home loans that make sense to both our investors and our borrowers. As a result, the typical manufactured home loan we originate comes with an outstanding rate of interest and great loan terms.

Mobile home loans with Allstate Mortgage & Loan Corporation are typically underwritten using our FHA loan program. In some instances, we may feel the most appropriate funding for a borrower should come through a conventional loan product. In all instances, the financing of a mobile home can only be done when the manufactured home is tied to real estate. This means, we must be financing both the mobile home and the land the home will reside on. Allstate Mortgage & Loan Corp. does not finance stand alone manufactured housing. To learn more about our manufactured home loans, give us a call today at 1-800-701-1186 or use our Short Application to begin to apply for a mobile home loan.

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FHA Secure Program

New to the mortgage scene, the FHA secure loan program was introduced August 31, 2007. This mortgage program is a tool to be used by HUD Approved FHA Lenders to help homeowners who have an adjustable rate mortgage attain a low fixed rate mortgage alternative. The FHA secure program will not be solution for every homeowner facing higher mortgage payments, or foreclosure, but it is a solution for many. Pre-qualification for the secure FHA program begins with completing our Short Application so a loan professional can evaluate your situation.

Overview of Qualifying For the FHA Secure Mortgage Program:

• ARM's which have been taken out today will not qualify for the FHA secure program.
• Interest rates on your mortgage must have reset, or be scheduled to reset, between June of 2005 to December of 2009. If your loan resets after December 2009, you are not eligible for the secure FHA loan program.
• You must occupy the home as your primary residence.
• To account for property depreciation, you must have a minimum of 3% in cash to put down on your loan, or, you home must have 3% in equity. In cases where you do not have equity, you are allowed to have family member gift the required funds to you.
• The ratios for your new mortgage payment must meet traditional FHA loan qualifying. In other words, you must have sufficient income to make the new mortgage payment.
• Your employment history for the last two years should be stable. If you have changed employers, you must be prepared to provide sufficient explanation to the underwriter.
• You mortgage payment on your existing loan should reflect on time payments prior to your reset and resulting mortgage payment increase. Present late's will not by themselves disqualify you.

While there are other factors that govern the approval process of the FHA secure loan program, these are the most important. If you are presently in a qualifying adjustable rate mortgage, and you are facing the prospects of foreclosure, or, you need to reduce your payment but cannot qualify in today's mortgage market, we encourage you to contact our offices. An FHA loan expert can be reached at 1-800-701-1186, or, complete our Short Application to begin the qualification process.

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Reverse Mortgage Loans

If you are at least 62 years of age, and presently own a home or making mortgage payments, you could be eligible for the U.S. Government insured and backed reverse mortgage program. This is backed by HUD (Housing & Urban Development) and FHA (Federal Housing Administration). This is a great and safe program for those retiring, or preparing to retire, to maximize their cash flow and better plan their personal finances.

Protecting the senior and their home is very important to us.

Just a few reasons or FAQ in considering a reverse mortgage!

• Convert PART of you equity in your home into CASH/INCOME.
• Reduce your monthly expense or pay for much needed expenses such as medical, insurance, home repairs or additions, taxes, gifts to family members, home care, travel, living expenses or more disposable income or staying out of foreclosure.
• There is NO income, NO medical or NO credit requirements. You do however have to use your home as your primary residence, pay the taxes and insurance and keep the home in good repair.
• The money paid to you, either monthly, lump sum or combination is “tax free” and does not affect regular Social Security or Medicare benefits. However, it may affect SOME government assistance programs. Contact us for more information.
• To protect you, you must attend either by phone or in person, reverse mortgage counseling by an approved HUD counseling agencies. A list can be supplied to you.
• All cost associated with the reverse mortgage can be paid out of the proceeds. However, many seniors prefer to pay for the FHA approved appraisal up front.
• THERE ARE NO PAYMENTS DUE on the reverse mortgage while it is outstanding. The loan becomes due and payable when you cease to occupy your home as your primary residence. This can occur if you, the remaining spouse, (in the case of couples) pass away, sell the home or permanently move out.
• Once the home is sold, any excess money after the loan is paid off will go you or to your heirs in case you move. YOU and OR YOUR HEIRS will never owe more than what the home is worth. This is a non-recourse mortgage!
• The most asked question is cost and to address that now. The costs are like a traditional mortgage and include tile insurance, origination and appraisal fees as well as other cost. Keep in mind, these expenses can be rolled into the amount you receive at closing and the U.S. Government monitors all fees to ensure that they are NO EXCESS fees or “Junk Fees”.

Our reverse mortgage experts can review with you the many benefits, requirements of the HECM and HomeKeeper programs and answer questions that you may have at no cost to you.

Any mortgage is a personal decision and depends on your personal situation and future plans. That is where we can help! The Federal Trade Commission puts it best, “a reverse mortgage is for those who are house rich, but cash poor”. Give us a call today at 1-800-701-1186, or, to begin your application for a reverse home loan, simply complete our Short Application today.

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VA Mortgage Program

The Government insured VA mortgage program is designed to assist eligible veterans in attaining affordable housing both during active duty periods and after discharge from the military. To qualify for the VA loan program, you must be a DD-214 eligible veteran and provide a copy of your VA certificate of eligibility.

A VA mortgage decision is based upon multiple factors associated with a file. The primary deciding factors are income and credit quality. The amount of eligibility available for use with a VA loan will depend upon whether you presently own a home that used some or all of your eligibility, whether that home has been sold, and the amount of time that has past since its original use. If you no longer own a home under the VA program, you can restore your eligibility by contacting the VA.

Under the VA mortgage program, qualified veterans are eligible for low fixed rate and adjustable rate VA guaranteed loans.

Loan terms available with a VA mortgage include:

• 30-Year Fixed Rate Loans
• 15-Year Fixed Rate Loans
• 1 Year ARM program

VA financing options include:

• Up to 100% Financing Program
• Refinance Program Options
• Streamline Refinance Options
• Seller Paid Closing Costs
• Downpayment Assistance Allowance

With Allstate Mortgage & Loan Corp., we can assist every qualified and eligible veteran in obtaining a VA mortgage loan. Our staff are experts in the mortgage industry and can make the process of applying for and attaining a VA home loan a very smooth transaction. To learn more about our VA mortgage program, give us call today at 1-800-701-1186 or use our Short Application to begin the VA loan application process.

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Adjustable Rate Mortgage Programs

Allstate Mortgage & Loan Corp. offers a diverse range of both conforming and non-conforming adjustable rate mortgage programs. While the ARM loan program has received a bad reputation, much of that reputation is a result of misuse of the product, bad advise offered to consumers by inexperienced lenders and loan professionals, high risk sub-prime lending, or the customer themselves making poor decisions based upon payment and interest rate alone. The fact remains that the adjustable rate mortgage program offers many homeowners and home buyers a financing tool that can facilitate both long and short term financial objectives.

At Allstate Mortgage & Loan Corp., our adjustable rate loan recommendations to home buyers and homeowners alike are customized to both present and future financing requirements. Our ARM loans offer diverse fixed rate periods and can be tied to both the LIBOR and COFI indexes. The most important factor in deciding on an adjustable rate mortgage is the length of time you plan to actually own the home. ARM programs are not geared to be loans for life, especially when fixed interest rates are low. During periods of escalated Interest rates, an ARM program will allow a consumer to take advantage of future interest rate decreases without the need to refinance. Unfortunately, when rates are low, the probability exists that future rates will escalate causing significant increases in monthly mortgage payments. These mortgage payment increases can be detrimental to your financial security.

For a one-on-one consultation to determine if an adjustable rate mortgage program is right for you, just give us a call today at 1-800-701-1186. As an alternative, you can complete our no-obligation, no credit report, Short Application to schedule a review of your specific circumstances.

Our conforming, non-conforming, and jumbo mortgage options include:

• 6 Month ARM - This program is best used when Interest rates are exceptionally high. The 6 month ARM over it's life, will traditionally stay between .5% to 1% above the markets fixed rate. This can result in substantial savings as the fixed rate drops through the life of the home loan.
• 1/1 ARM - This program again is best used when Interest rates are exceptionally high. Even if you only plan to be in your home for a year, we recommend an ARM program with a longer fixed period.
• 2/2/6 & 2/2/8 - This is a sub-prime bad credit ARM program. It has a two year fixed period with twice annual adjustments and rate caps as high as 8% above the start rate. This program is exceptionally high risk for you, the consumer. We do not recommend this program except in extreme circumstances. Home buyers and homeowner who use this program should absolutely have a short term financial strategy with an exit plan. If you cannot stick to your financial plan, the probability exists you will lose your home or find yourself forced into bankruptcy.
• 3/1 ARM - This program is ideal for homeowners or home buyers who experience frequent transfers (Military Personnel, Corporate Executives, etc.), or those families who plan to sell their home in 24 to 30 months. The three year fixed period contains an adjustment option of both 1 year and 6 months.
• 5/1, 7/1 and 10/1 ARM's - These programs take a longer outlook on homeownership. The 5/1 ARM typically offers a savings rate of 1% below the traditional fixed rate period. These programs are designed for moderate periods of homeownership. The typical reason for using these programs is the intent to step up into a larger home within the near future. The interest rates associated with the 7/1 and 10/1 ARM compared to 30 year fixed rates make them less attractive for consumers. Each of these programs include options for adjustments to occur every 6 months or annually.
• Option ARM - Also known as the Pick A Payment, the use of this product can result in a negatively amortizing loan. The product allows the consumer 4 different payment options and is traditionally tied to the cost of funds index (COFI).

To learn more about some of our adjustable rate mortgage solutions and the options available to you, please visit our conventional loan program section. For a personalized consultation and ARM product quote, just give us a call at 1-800-701-1186. To begin the application process for a mortgage with Allstate Mortgage & Loan Corp, please complete our Short Application.

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Real Estate Investor Loans

No matter the real estate market, opportunities will always exist for savvy real estate investors to make money. Allstate Mortgage & Loan Corp offers a portfolio of loan product designed to facilitate your success. Our product line for real estate investors include a combination of conventional Fannie Mae & Freddie Mac loan programs in addition to a portfolio of investors who offer non-conforming loan programs designed to meet the needs of unique lending scenarios.

Product Offerings Include:

• Adjustable Rate Programs
• Fixed Rate Loan Programs
• Interest Only Products

Regardless of your financing requirements, Allstate Mortgage & Loan Corp offers competitive interest rates and terms for qualified real estate investors. To learn more about the financing opportunities available with our company, just give us a call at 1-800-701-1186 to speak with a lending professional. If you'd like to begin the application process, you can use our Short Application to get started today.

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2nd Mortgage Loans

Allstate Mortgage & Loan Corp. maintains a portfolio of both conforming and non-conforming second mortgage products. Qualified homeowners can utilize the equity within their home to apply for and attain a 2nd mortgage which can have both a fixed rate option or an adjustable rate period. The funds from a second mortgage can be utilized for whatever purposes a qualified homeowner wants. From debt consolidation to paying for a wedding, a 2nd mortgage could be the right solution for you.

Traditional Terms of our Second Mortgage Program Include:

• Fixed or Adjustable Rate Alternatives
• No Income Verification Options
• Real Estate Investors Are Eligible
• Second Homes Are Eligible
• 30, 20 and 15 Year Terms Are Available
• Up to 125% CLTV Options May Be Available (Subject To Market Conditions)
• In Some Instances, No Appraisal May Be Required

Taking out a second mortgage is a big decision. Operating since 1994, Allstate Mortgage & Loan Corp. has the experience and expertise to assist homeowners in identifying the best solutions tailored around their financial needs. To learn more about our 2nd mortgage program and alternative mortgage solutions, give us a call today at 1-800-701-1186. To begin your application process, just complete our Short Application to have loan professional contact you at a later date.

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Home Equity Lines of Credit

With many current homeowners having low fixed rates, a home equity line of credit my represent a great alternative to refinancing a home. Our HELOC's represent a simple solution to tapping the equity in your home for a multitude of reasons. Whether you're wanting to make addition to your home for a growing family, or you've decided to finally make an upgrade to your kitchen, our home equity lines of credit can help you to create the financing solution you need.

Our Home Equity Lines Can Include:

• Interest Only Payments
• Adjustable Rate Or Fixed Rate Terms
• Loan Amounts of $1 Million Dollars or More
• Flexible Repayment Terms
• No Income Verification Options
• In Some Instances, No Appraisal is Required
• Up To 100% LTV For Well Qualified Property Owners
• Both Owner Occupied and Investor Programs
• No Prepayment Penalty On Select Products
• And Much More!

To learn more about the many opportunities and benefits of working with Allstate Mortgage & Loan Corp., just call today to speak with one of our knowledgeable lending professionals. Call 1-800-701-1186 or use our Short Application to apply for a home equity line of credit.

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Homeowner Refinance Loans

There are many situations a homeowner may have for refinancing an existing mortgage. No matter what your reason is, Allstate Mortgage & Loan Corp. offers a diverse portfolio of Conventional Refinance options, non-conforming Refinancing Solutions in addition to Luxury Home Refinance Options. If you situation involves avoiding foreclosure, or, moving from an adjustable rate mortgage to a fixed rate loan, we would like to recommend you consider the new FHA secure loan option first, before considering some of our alternative lending solutions. To learn more about our refinance programs, give us a call today at 1-800-701-1186.

With the ebb and flow of the real estate market, and the opportunities that continue to exist to improve interest rates and repayment terms, in many instances, refinancing makes a tremendous amount of sense. Our diverse offering of refinance loan programs, and the experience behind them, makes Allstate Mortgage & Loan one the best choices a consumer can make. Many of our refinance programs allow for all of the financing options available when you first purchased your home.

Loan program options include:

• Conventional and Government Cash Out Refinance Options
• Conventional and Government Rate & Term Streamline Refinance Options
• FHA & VA Government Backed Debt Consolidation Refinancing
• Multiple Fixed Rate Programs Including: 40, 30, 20, 15 and 10 Year Terms
• Conventional & Non-Conforming Debt Consolidation Refinancing
• Short Term Refi Options Using ARM Programs. Terms Include: 10, 7, 5, 3 and 1 Year Fixed Periods.
• Option ARM Refinance Programs (Pick A Payment Loan Program)
• And Many other loan program options to choose from in our Government Backed, Conforming and Non-Conforming product portfolio

With our diverse portfolio of loan products, Allstate Mortgage & Loan Corp can truly create customized solutions to meet the needs of almost every homeowner. Call today to speak with an expert loan originator about our many mortgage refinance opportunities. Call 1-800-701-1186 to learn more or complete our Short Application to begin your refinance loan process today.

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First Time Home Buyers

Through our many years of doing business, Allstate Mortgage & Loan has assisted many first time home buyers in attaining their dreams of homeownership. Many of the loan programs we offer today originated as result of our recognition that some programs simply didn't meet the needs of many home buyers just like you. Purchasing a first home is an important decision and Allstate Mortgage & Loan Corp. considers the financing of your new home to be an undertaking that imparts great responsibility both in the program itself, and counsel we provide. We believe the most important responsibility we have to you, our customer, is ensuring you are placed in the mortgage program that will offer you the least amount of risk, and highest level of success.

Our portfolio of first time buyer programs incorporate a combination of Freddie Mac and Fannie Mae conventional loan programs, coupled with the Government backed FHA loan and VA mortgage loan product. When reviewing your purchase requirements, we will compare which program is going to provide you the lowest rate available, the lowest monthly mortgage payment, and the highest level of security. To learn more about the financing options available to first time home buyers, please review our conventional and FHA loan sections. Eligible veterans should also review our VA loan section. If you have questions, call us toll free at 1-800-701-1186. If you are ready for a free, no obligation consultation, you can complete our Short Application to begin the consultation process.

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Construction Loans

If you've decided to forgo the traditional stick built home and elected to create a unique custom home that is more representative of your style, Allstate Mortgage & Loan Corp. can help your family to finance that dream with a construction home loan. We offer both Freddie Mac and Fannie Mae conforming construction perm programs, in addition to construction loans for custom luxury homes.

While the features and benefits of our program offerings can vary, our core products allow:

• Interest Only During The Construction Period
• Single or Two Closing Processes
• Fixed Rate Terms
• Adjustable Rate Terms
• Interest Only Periods
• No Income Verification Options
• And Many Other Choices

No matter which of our licensed states your planning to build in, an Allstate Mortgage & Loan Corp. representative can make the process of a construction loan pain free. With customizable options, flexible terms, great service and fast turn around, why wouldn't you contact us today? Call now to learn more about our construction to perm loan programs. 1-800-701-1186 or start your loan application process using our fast and user friendly Short Application.

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Sub-Prime Loans

Having past credit issues does not always mean you cannot qualify and be approved for a home loan. Allstate Mortgage & Loan Corp. offers a diverse range of Sub-prime loan programs which afford home buyers and homeowners the opportunity to finance, or refinance, a property with reasonable repayment terms. While not right for everyone, Sub-prime home loans can offer a viable short term financing solutions to meet the immediate needs of a borrower.

These are not considered loans for life, rather, they are designed for borrowers who's recent financial difficulties require an alternative lending solution. The typical bad credit loan is geared to be in place for a period of 2 to 3 years during which time, you can take the necessary steps to repair your credit and refinance into a lower rate, lower risk conventional loan product or FHA loan program.

Our Sub-prime loan programs offer:

• Permanent Fixed Rate Periods
• Adjustable Rate Loan Periods
• 30 and 15 Year Terms
• No Income Verification Options
• And Many Other Benefits

To learn more about the many Sub-prime mortgage programs offered by Allstate Mortgage & Loan Corp., just us a call today at 1-800-701-1186. For a free, no obligation review and consultation, complete our Short Application to have a loan professional call you at a more convenient time.

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Foreclosure Bailout Loans

As a homeowner who may be facing foreclosure, Allstate Mortgage & Loan Corp. offers limited opportunities to create financing solutions that can resolve a present mortgage crises. While the opportunities are limited, in some instances, we may be able to assist some families and individuals in preventing the loss of their home using both the Secure FHA Loan program or, in limited instances, a hard money solution. As each circumstance is unique, please contact our offices for a no obligation consultation and review of your present financial condition at 1-800-701-1186.

The Ideal Candidate For Foreclosure Intervention:

• Has resolved the financial circumstances that created a past due situation (Loss of employment and is now working)
• Has sufficient income to qualify for and meet the proposed new mortgage payments. (PITI)
• Has sufficient equity in the property. For a hard money solution, your equity should be 50 to 55% of the appraised value.
• Resides in the property as a primary resident.
• For the FHA Secure Program, the past due mortgage payments are a direct result of interest rate adjustments.

While these are only a handful of the criteria we must consider, these represent the most important factors. Before you sign over your deed to a real estate investor, or enter loss mitigation, give the experts at Allstate Mortgage & Loan Corp a call at 1-800-701-1186 and see if we can offer alternatives to losing your home to foreclosure.

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Commercial Mortgage Programs

Acquiring commercial loan financing is on of the most challenging and sophisticated loan processes in the industry. With Allstate Mortgage & Loan Corp., we offer knowledgeable and seasoned loan professionals with years of experience in closing real estate transactions. Given the complexity of a commercial real estate loan, you need that experience and expertise on your side. For a no obligation consultation on the financing of your commercial real estate property, just give our corporate office a call at 1-800-701-1186.

Commercial Real Estate Property Types:

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