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Loan Programs
A Wide Variety of Programs, Tailored to You
Dynamic Capital Mortgage offers a wide variety of home loan programs to meet your individual needs. Your DCM loan officer, by understanding your personal financial goals, will help you find the perfect fit that gets the most house for your money, whether you are financing your new or current primary residence, vacation home or investment property. And, because DCM is a direct lender, your loan will feature an attractive interest rate that others just cannot match.
Mortgage Basics
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Choose Dynamic Capital
At Dynamic Capital Mortgage, we deliver the loan programs, rates and expertise to get the most out of your money. So, you get the home that you want today. You also get our commitment to extraordinary service throughout the entire process. Because your mortgage is among the largest personal financial decisions that you'll make, it's the kind of service that you deserve. That's what makes Dynamic Capital your preferred mortgage lender.
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Fixed-Rate Mortgage
Still the most popular type of mortgage, fixed rate loans from Dynamic Capital offer peace of mind that your interest rate and monthly payments will stay the same for as long as you have your loan. You benefit from:
- predictable payments, particularly helpful for homeowners who expect to live in their homes for many years
DCM offers fixed programs with a variety of repayment terms and special options.
Adjustable-Rate Mortgage (ARM)
For maximum home-buying power, ARMs from DCM start out with a lower interest rate for a fixed period of time that then adjusts periodically during the term of the loan. They typically have caps for annual and lifetime rate adjustments.
You benefit from:
- lower monthly payments initially, especially helpful for homeowners who expect their income or financial position to improve or who plan to move in a few years
- ability to qualify for higher loan amount to get more of your dream home today
- protection from rate increases for the fixed period of your loan
DCM offers ARM's with a range of fixed periods, a variety of special options, and ties to a number of published financial indices.
Popular Programs & Options
Dynamic Capital offers many special programs and options to tailor your fixed-rate loan or ARM so it's right for you. Our popular ones are highlighted here.
No closing costs & no points
No closing costs & no points mean just that at DCM. We have particular expertise in home loans that carry absolutely no closing fees to you, while still offering the most competitive rates.
Interest-only
Interest-only options from DCM extend your home-buying power so you get more of your dream home today. By paying just the interest due every month, you qualify for a larger loan or reduce your payments significantly.
First-time homebuyer
First-time homebuyer programs from DCM make home ownership easier than you may think. With down payment requirements as low as 0%, flexible qualifying requirements, and special lower interest rates, we can help you get into your first home today.
Low-down payment
Low-down payment options are not just for first-time homebuyers anymore at DCM. With programs featuring down payments as low as 0-10%, homebuyers with very good credit ratings can get into their dream home today, often without private mortgage insurance (PMI).
Low-document
Low-document programs offer great choices for homebuyers who are self-employed, have complicated financial situations, or just want to close their financing quickly. DCM programs range from no documentation about assets or income to low documentation, requiring asset information or stated income.
Home equity
Home equity loan programs from DCM help you benefit from the equity you have built up in your home. With lines of credit or fixed loans, you can help to fund a second home, home improvement projects or whatever is on your list.
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The Specifics
All home financing needs
- Primary residence
- unattached single-family
- multi-family, condo, townhouse
- Second/vacation home
- Residential investment property
- New construction and home improvement
- First and second mortgages
- Purchase and refinance
Fixed-rate loans
- 10-year, 15-year, 20-year, 30-year, 40-year terms
- Monthly or bi-weekly payments
- 5-year, 7-year balloon
- Loans greater than $100,000
ARMs
- 1-month, 6-month, 1-year, 3-year, 5-year, 7-year, 10-year fixed periods
- Tied to LIBOR, COFI, Treasury indices
- 1-month, 3-month, 6-month, 1-year adjustment periods
- Loans greater than $100,000
Popular programs & options
- No closing costs & no points
- loans greater than $200,000
- Interest-only
- ARMs and fixed-rate loans
- First-time homebuyer
- down payments as low as $0
- Low-down payment
- down payments from 0-10%
- Low-document
- best rates for excellent credit and low loan-to-value
- Home equity loans
- rates at prime or lower for life of loan
- Many other programs and options available
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You Should Know
Your answers to four questions will set you on course toward the home loan that's right for you:
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How long do you plan to stay in your home or with this loan? |
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Do you expect a change in your household income, either up or down? |
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Are you self-employed or do you have a complicated financial or income situation? |
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What is your tolerance for risk associated with changes in your interest rate over time? |
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Once you have selected the loan program that's right for you - with the help of your DCM loan officer, of course - the next step is determining the interest rate and loan amount that you qualify for. Three numbers are important:
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Your credit score, as determined by the industry's third-party credit rating agencies |
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Preferred amount of your down payment or the loan amount as a percent of the property's value, known as the Loan-to-Value (LTV) ratio |
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Your total amount of monthly debt payments (mortgage, car, credit card, other loans, etc.) as a percent of your monthly household gross income that you are willing and able to document |
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