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Alcova Mortgage Loan Products
Alcova Mortgage has a wide variety of loan products to offer you. So you can find your loan on your terms.

Our Basic Programs

Fixed Rate Mortgage - A mortgage where the principal and interest payments remain the same throughout the life of the loan. Available with a variety of terms.
Adjustable Rate Mortgage (ARM) - A mortgage that may adjust up or down throughout the term depending on market conditions. Available with a variety of terms and adjustment periods.
The Balloon Mortgage - A mortgage with principal and interest payments that do not fully repay the loan. The balance is due at the end of the balloon term. Available with a variety of terms.
First-Time Buyer/Affordable Housing Mortgages - A group of mortgage programs created to help first-time buyers and/or those with low- to moderate-income. Available with a variety of terms.
New Construction Mortgages - A mortgage for those who are buying new construction. Available programs include fixed and adjustable with a variety of terms.
InterestFirst Mortgage - A mortgage with "interest only" payments for the first years of the loan. Monthly payments adjust midway to cover principal and interest for the remaining term.

Specialized Programs

 VIP Express -This loan program requires no income or asset documentation, and is quicker to process. It is especially suited for borrowers with excellent credit.

Our Government Programs

 FHA - A mortgage guaranteed by the Federal Housing Administration. Available programs include fixed and adjustable with a variety of terms.
VA - A mortgage guaranteed by the Veterans Administration. Available as a fixed rate program. Must be a veteran to qualify.
USDA - A government program geared toward low to moderate income borrowers and rural areas.

Our Home Equity Programs

 Home Equity Line of Credit - A second mortgage line of credit that can be opened based on the equity in your property. Payments are not required until the money is used and are based on the amount of line that is drawn.
Home Equity Loan - A second mortgage loan based on the amount of equity in your property. Payments are fixed throughout the loan term and are made on a monthly basis.

  Alcova Mortgage is an Equal Opportunity Lender.