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Loan Programs

The following is a partial list of programs offered by ALLMASS Mortgage, LLC with a brief description of the key elements.

  • CONVENTIONAL: Programs available for the borrower who needs 100% financing. 100% loans are available under specific limits.

  • 100% RATE OR TERM RE-FINANCING: For the customer wanting to obtain a lower interest rate. Loans are based on a maximum of 100% of appraised value.

  • CONSTRUCTION/PERM: Offers a one time closing for those who are building their homes themselves. During construction the loan is at a floating rate, which is converted to a fixed or adjustable rate after completion.

  • DOWN PAYMENT ASSISTANCE: First time homebuyers who meet the income requirements can qualify for the following: Mississippi Home Corp. Bond Money, Down Payment Assistance, and Mortgage Credit Certificate.

  • 100% RHCD: This program provides 100% financing for homebuyers who have not owned a house in the past three years. HUD has limitations on the loan amount due to geographical location. The loan amount can be for 100% of the appraised value. Income limits do apply.

  • SECOND HOME: A program for the homebuyer wishing to purchase a vacation home. This purchase can be financed up to 100% depending on the loan amount.

  • INVESTOR/RENTAL PROPERTY: Buyers who are looking to generate rental income by purchasing these types of properties. Multiple property ownership is allowed under certain programs. Financing up to 100% is available.

  • NO INCOME VERIFICATION: This offers the self employed borrower or special borrower who wish not to provide tax returns, P&L's, or pay stubs to finance 100% on a refinance or 100% on a purchase.

  • BALLOON/ARM'S: These programs are intended for the homebuyer who feels they will only occupy the property for a short period of time.

  • NON-CONFORMING: For customers with bruised credit or debt ratios up to 100%. Loans with LTV's of 100% and over $500,000 are available.

Licensed by the Massachusetts Banking Department
MB 2770

154 West St. Unit #4
Milford, MA 01757
Toll Free: 866.473.0111
Phone: 508.473.0111
Fax: 508.473.6804

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