Mortgage Programs in Massachusetts

With an FHA loan from Nautical Home Lending LLC, you benefit from less stringent qualification requirements and the security that comes with a government-insured loan. Moreover, you get to choose between a fixed-rate or adjustable-rate mortgage product. 

The term for a fixed-rate mortgage can be 10, 15, 20, 25, or 30 years. Because the principal and interest payments do not change, a fixed-rate mortgage is a good choice for clients with a low-risk tolerance.

Adjustable-rate mortgages (ARM) begin with a fixed rate for a specific period, typically 3 to 10 years. After the fixed-rate period, the interest rate on an ARM will change periodically based on a set margin above the 1-year Treasury Bill Index or the Secured Overnight Financing Rate (SOFR) Index. There are yearly and lifetime caps. 

Home equity/line of credit loans are secondary lines against a property. These are commonly referred to as “second mortgages.” We have both fixed and adjustable rate programs. 

As a first-time borrower, you need solid advice and personalized service. Our friendly, professional mortgage specialists will patiently walk you through your options, work through all your questions and concerns, and provide sufficient information to help you choose the right mortgage for your needs. Based on your income you may be able to qualify for a home possible or a home-ready loan.

Some people need to take out larger mortgages than others, and at Nautical Home Lending LLC, we are here to help borrowers in all financial situations. We offer jumbo mortgage loans to qualified borrowers who require additional funds to finance their homes.

Want to lower your monthly mortgage payment, pay off high-interest credit cards, consolidate debt, or lock in a lower interest rate? Refinancing is a great way to make your mortgage work for you.

Thanks to the USDA’s rural development program, homebuyers in rural areas are often eligible for special loans. These loans allow buyers to secure affordable financing without fronting large down payments. They also offer low interest rates and don’t include monthly private mortgage insurance charges.

When you are ready to secure a home loan finding a mortgage can be confusing. However, if you have served in the military, you may qualify for quick approval with a zero down payment.