Loan Types Countrywide Financial - $0.00

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The Loan Store Online

Countrywide Financial

Loan Types

Found your dream home? Just need the right loan?

Countrywide gives you a wide range of home loan options on primary residences, second/vacation homes and investment properties.
We offer:

Loan amounts up to $6 million. Greater than $3 million not allowed for Fixed products. Only for selected ARM products.
Fixed Rate: 10, 15, 20, 25, 30 & 40 Years Loans and Hybrids. Hybrids are all 30 year terms.
Financing for Single Family or 2-4 units.

Quick help for selecting the right loan to get you into a home:
Have our interactive Loan Advisor
suggest a loan for you
Read the information here about the special features of Countrywide's loan programs
Get general information on home loans in Learn about loans.

Fixed Rate Loans

For a list of features on any of these loans, just click the name of the loan program.
Loan Program Reason to Choose It Key Feature

Basic 40/30/25/20/15/10 Year Fixed Rate Loan
You want the stability of a fixed principal/interest payment over the life of the loan.
Down payments as low as 5%.

No Down Payment Option
For borrowers with limited-to-no down payment who want to purchase a home.
Combines a 1st mortgage and a 2nd mortgage to use as equivalent for 20% down to avoid mortgage insurance.

Low Down Payment Programs
You want to put down just 5%.
Loan amounts up to $417,000.

Construction Loans
You are building or significantly renovating a home and want to avoid the extra cost of two closings (construction loan and permanent loan).
One application, one qualification process, one closing, and one set of closing costs. Interest-only payments during construction, the choice of adjustable rate or fixed mortgage products and the option of permanent loan rate protection available for up to 18 months.**

Loans Designed for Avoiding Traditional Private Mortgage Insurance (PMI)

For a list of features on any of these loans, just click the name of the loan program.
Loan Program Reason to Choose It Key Feature

Tax Advantage Mortgage Insurance (TAMI)
(Ask your tax advisor.)
You have between 5% to 10% for a down payment and want to avoid paying traditional mortgage insurance.
You offset the cost of traditional mortgage insurance by a higher interest rate which often provides opportunity for a tax deduction.

Home Equity Line of Credit (HELOC)
You have from 5% to 10% for a down payment and want to avoid paying mortgage insurance.
Combines your down payment, a 1st mortgage and a 2nd mortgage (equity loan or line of credit) so you can achieve 20% down to avoid mortgage insurance.

Loans Exceeding Fannie Mae/
Freddie Mac Guidelines

For a list of features on any of these loans, just click the name of the loan program.
Loan Program Reason to Choose It Key Feature

Non-conforming (Jumbo) Loans
You need to borrow more than $417,000 *
Loans up to $6 million. Wide variety of program options:

Reduced Documentation Loans
No Ratio Test Loans
No Income/No Asset Loans
Second Homes
Investment Properties
Condominiums

Loans Designed for People with Various Financial Obstacles

For a list of features on any of these loans, just click the name of the loan program.
Loan Program Reason to Choose It Key Feature

House America® Program
You may not have enough cash for a down payment, lack a traditional credit history or have uncommon sources of income.
Can use cash gifts from family, other sources of income, and alternative payment records like rent and bill payments to establish credit.

Loans for People with
Less Than Perfect Credit

For a list of features on any of these loans, just click the name of the loan program.
Loan Program Reason to Choose It Key Feature

Fixed Rate Mortgages
For borrowers who want the stability of a fixed principal/interest payment over the life of the loan
Fixed rate and payments for over the life of the loan. Borrowers can choose from 10,15,20,25,30,35 or 40 year term.

Fixed Period Adjustable Rate Loans
Helps borrowers stabilize their situation to get "back on track" while enjoying a lower interest rate loan for a fixed period of time
Fixed rate for 3 or 5 years, then adjusts annually based on a financial index.

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