Choose a Loan Type and Apply with Interstate Today

  • Interstate proudly offers the Federal Housing Administration Loan (FHA) to assist borrowers who may need a low down payment and flexible mortgage guidelines.

    The FHA loan is a great product that helps many people refinance or become homeowners.

    • 3.5% down payment required - Can be a gift; contact your Interstate Loan Officer for details.

    • Under the FHA streamline program, current FHA loan borrowers can refinance with no appraisal.

    • Seller can contribute up to 6% of the borrower's closing costs.

  • Interstate is proud to offer those who have served or are currently serving in the United States Armed Forces the Veteran's Affairs (VA) loan. The VA loan is an excellent loan that assists our Nation's Veterans with obtaining homeownership.

    • Up to 100% financing available; Credit scores as low as 620.

    • No monthly mortgage insurance.

    • Seller concessions up to 4% of the reasonable value of the property.•

    • Surviving spouse may be eligible, as determined by VA.

    • Must be a Veteran, Active Duty Military, or member of the Reserves.

  • Interstate assists borrowers in rural areas with the USDA or rural development loan program. The USDA loan provides low and moderate income borrowers with better affordable housing finance options with little or no down payment or out of pocket costs. The property must be located within a USDA designated area.

    • 100% financing available to qualified borrowers.

    • Seller can contribute up to 6% of the borrower's closing costs.

    • Flexible mortgage guidelines.

    • Income and property restrictions do apply.

  • Due to Interstate's financial strength and stability, our deep relationships with institutional investors enable us to offer mortgage amounts up to $2 million dollars.

    The jumbo mortgage product is a loan amount above $424,100.00; contact your Interstate Loan Officer today for details.

  • Interstate provides the traditional fixed rate loan as our most popular mortgage product. The fixed rate mortgage product offers the stability of a constant interest rate throughout the life of your mortgage loan. The fixed rate mortgage will provide you with the stability of being able to budget your finances.

    Over time, a fixed rate mortgage becomes more manageable as your family income increases.

    • Low down payment options available for qualified borrowers.

    • Provides for cash out refinances.

    • Loan amounts available up to $417,000.00

    • 10, 15, 20, and 30 year terms available.

  • ARM (Adjustable Rate Mortgage)

    Interstate offers sophisticated mortgages to borrowers who may not expect to be in the home for a long period of time. The adjustable rate mortgage is fixed for a period of time and can adjust thereafter. Your Interstate Loan Officer will be glad to assist you in determining which mortgage program will best fit your needs.

    Since the interest rate may rise over time, it is not recommended for every borrower. Interest rates can be fixed for three, five, seven and ten years.