Services

Express Mortgage, llc Services:

We offer a full line of mortgage-related services, including purchase
loans, refinances, construction-to-perm loans, debt consolidation and
credit counseling.

Conforming Mortgage Products

Fixed-Rate (10, 15, 20 and 30 Year)

A 10, 15, 20 or 30 year fixed-rate, fully amortizing mortgage with
conforming loan amounts. Monthly principal and interest payments
remain level over the life of the loan. Requirements conform to FNMA
(Fannie Mae) and FHLMC (Freddie Mac) guidelines.

Extendable Balloon (5/25, 7/23 and 10/20)

A fixed rate, level payment mortgage that is amortized over 30 years, but
which has a balloon term of 5, 7 or 10 years. The mortgage contains a
refinancing option the borrower may exercise when the balloon maturity
date is reached. Requirements conform to FNMA (Fannie Mae) and
FHLMC (Freddie Mac) guidelines.

1 Year Convertible ARM

An adjustable rate mortgage with conforming loan amounts. Interest rate and payment adjustments every 12 months. The plan
includes an option to convert to a fixed rate mortgage on the first day of any month beginning with the first interest rate
adjustment date and ending with the fifth interest rate adjustment. Requirements conform to FNMA (Fannie Mae) and FHLMC
(Freddie Mac) guidelines.

Convertible ARM (3/1, 5/1)

An adjustable rate mortgage with conforming loan amounts. First interest rate and payment adjustment after 36 months (3/1) or
60 months (5/1) and then every 12 months thereafter. The plan includes an option to convert to a fixed-rate mortgage on the
first, second or third interest adjustment date. Requirements conform to FHMA (Fannie Mae) and FHLMC (Freddie Mac)
guidelines.

First Time Homebuyers Program

3% down with the following conditions: 33/40 debt ratio, 1 month reserve requirement, cannot have ownership in a current
property and 30 year fixed-rate program only.

Government Mortgage Products

FHA Fixed-Rate (15 and 30 Year)

This program features a constant fixed interest rate, fully amortized over the term. The principal and interest payments remain
level over the life of the loan.

FHA 1 Year Non-Convertible ARM

This program features an adjustable interest rate that may change on an annual basis. The principal and interest payments
may change annually over the life of the loan. There is no negative amortization.

Farmers Home/Rural Purchase

You can finance 100% of the purchase price with 0% down and if the house appraises higher than the purchase price, you can
finance the closing costs as well. Farmers Home Administration (FHA) charges 1 point to do this loan.

Non-Conforming Mortgage Products

Non-Owner Occupied

10% Down with seller concession of a maximum at 2%, 6 months reserve required. Fixed or adjustable programs are
available.

Reverse Mortgage Products

Reverse Mortgage

Please call for Details. Phone 479-262-6099